In December last year, Emami Cement had filed for its IPO with market regulator Securities and Exchange Board of India (Sebi) to issue fresh equity shares worth Rs 500 crore
The demand for cement in India has gone up to 400 million tonnes (MT) from 30 MT four decades back
Amid the gloomy GDP print; however, what is noteworthy is that the government spending rose sharply to 15.6 per cent during the quarter, as against 8.8 per cent in 1QFY20.
UltraTech Cement had a revenue of Rs 35,703.50 crore in 2018-19 financial year
The revival in demand seen in the last financial year has also led to narrowing down of demand-supply mismatch in the industry
With infrastructure claiming a larger share, movement and distribution of cement is bound to change
Volume growth, lower costs to drive Q4 profitability; analysts remain underweight on sector
ACC, Sagar Cements, Sanghi Ind, Mangalam Cement, KCP and Gujarat Sidhee up in the range of 3% to 10%
Strengthening demand, slower capacity ramp up to boost utilisation in existing units, improve pricing; up-cycle seen lasting 5 years