Page 4 - Cement

Adani to become India's No. 2 cement maker with $10.5 billion Holcim deal

(Reuters) -Indian conglomerate Adani Group plans to buy Holcim AG's cement businesses in India for $10.5 billion, its largest-ever acquisition, to become the country's No. 2 cement manufacturer.

Bharathi Cement, Concor join hands for rail-cum-road bulk transportation

The cement maker plans to serve its key markets of Chennai, South West Tamil Nadu and Kerala from its Kadapa plant in Andhra Pradesh through this initiative

Wall St drops as Feb inflation data cements rate hike bets

Banks, big tech stocks fall after sharp rally; Amazon climbs after stock split, new buyback plan

Cement maker ACC Q4 consolidated net profit down 40.5% to Rs 280.85 cr

Cement maker ACC Ltd on Wednesday reported a 40.55 per cent decline in its consolidated net profit to Rs 280.85 crore for the fourth quarter ended on December 31, 2021.

UltraTech Cement shares jump nearly 3 pc after earnings announcement

The stock gained 2.78 per cent to settle at Rs 7,867.90 on BSE

Domestic cement industry poised for demand recovery in construction season

Amid a strong demand outlook, brokerages see capacities and existing utilization levels of the domestic cement industry on a rise in coming years

China cements rare earths dominance with new global giant

The new entity, China Rare-Earths Group, will speed the development of mines in the south, state broadcaster CCTV reported.

Q3FY22 likely to be weak for cement cos, but prospects look good thereafter

Cement demand has not picked up after the festive season, and sales volumes in Nov 2021 are 18-20% lower than Oct 2021 levels, which is far lower than the historical average of 6%

Cement price will rise as cost of coal is up, says India Cements

The India Cements Ltd on Wednesday said price of cement would increase

Birla Corporation plans to raise to 30 mn tonnes by 2027

The increase is a new target set by the company, which had earlier said it would raise production to 25 mt by 2025

Shree Cement: In-line Q1, robust outlook

Industry leading margins should help the company amid govt's infra push and expected pickup in construction activity

Outlook for Cement companies remains strong; analysts bullish about sector

Three top players, UltraTech, Ambuja and ACC post a robust performance in June quarter

Cement demand recovers in June; capex calls disregard second wave: Ind-Ra

The June volumes would have come despite rains affecting construction in some parts of the country, causing 35-40 per cent YoY growth in Q1FY22 on a low base

Icra cuts cement, road logistic growth outlook for FY22 due to second wave

Cement volumetric growth seen declining by 10%, road logistics at 6%

SICMA assures govt of making cement available at reasonable price point

The 25-member body also said it is closely working with Tamil Nadu govt in making cement available at concessional price to the weaker sections of the society

Govt prepares road map, identifies 8 sectors to ease compliance burden

Single-window clearance by mid-April

ACC, Cipla: 66 stocks from Nifty 500 index are showing weakness on charts

Few pharma stocks are expected to weaken at higher levels.

UltraTech Cement nears record high on healthy demand outlook

In the past two months, UltraTech Cement has outperformed the market by surging 23 per cent, as compared to an 11 per cent gain in the S&P BSE Sensex.

JSW One to combine distribution network of steel, cement businesses

The initiative remains a marketing actitivity and is not a registered company

NTPC begins bulk supply of fly ash using new infra from UP cement plants

During the financial year 2019-20, almost 44.33 million tonnes of fly ash was utilised for various productive purposes, being 73.31 per cent of the ash generated