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cement firms

India Cements deal will lead to further consolidation in cement sector

Cement major's domestic market share will increase by 2.3% after takeover

India Cements deal will lead to further consolidation in cement sector
Updated On : 27 Jun 2024 | 10:35 PM IST

Adani Group may merge all cement assets under single entity: Jefferies

Executives from Adani Cement told Jefferies they are exploring plans for consolidating all cement companies in the medium term

Adani Group may merge all cement assets under single entity: Jefferies
Updated On : 24 Jun 2024 | 1:12 AM IST

UltraTech stock at Rs 11,500? Check latest target price post Q4FY24 results

The shares, on Tuesday, jumped over 2.38 per cent to hit an intraday high of Rs 10,200 apiece, following the result announcement

UltraTech stock at Rs 11,500? Check latest target price post Q4FY24 results
Updated On : 30 Apr 2024 | 11:21 AM IST

India Inc capital expenditure story gets cement to semiconductor push

The private capex momentum is being led by conglomerates such as Tatas, Reliance Industries and Adani group, among others

India Inc capital expenditure story gets cement to semiconductor push
Updated On : 11 Apr 2024 | 11:47 PM IST

Cement sales growth in Q3 subdued at 3-4%, say industry executives

Industry executives attributed the impact on demand to a host of factors, including floods in South India, construction bans in the National Capital Region, and fiscal challenges in Bihar, Jharkhand

Cement sales growth in Q3 subdued at 3-4%, say industry executives
Updated On : 05 Feb 2024 | 11:37 PM IST

Adani, JSW Cement, and ArcelorMittal eyeing Vadraj Cement in IBC Sale

The Bombay High Court ordered the winding up of Vadraj Cement in August 2018, leading to the decision to sell the company under the IBC process

Adani, JSW Cement, and ArcelorMittal eyeing Vadraj Cement in IBC Sale
Updated On : 17 Nov 2023 | 11:45 AM IST

Rs 47 trn required to decarbonise country's steel, cement plants: Study

India's existing steel and cement plants, which play a vital role in the country's economic development, will require Rs 47 lakh crore in additional capital expenditure (CAPEX) to achieve net-zero carbon emissions, according to a new study. India is the second-largest producer of steel and cement in the world. But both are emission-intensive processes making these hard-to-abate industries. The study, the first-of-its-kind calculation of the cost of decarbonising these industries, also pointed out these two sectors will need Rs 1 lakh crore each year in additional operational expenditure (OPEX) to achieve net zero. Net zero means achieving a balance between the greenhouse gases put into the atmosphere and those taken out. The analysis by the Council on Energy, Environment and Water (CEEW) also found that an 8 to 25 per cent reduction in steel emissions and a 32 per cent reduction in cement emissions is possible without any price increase by adopting efficient technologies such as ..

Rs 47 trn required to decarbonise country's steel, cement plants: Study
Updated On : 12 Oct 2023 | 6:19 PM IST

Will explore acquisition possibilities at the right price: Shree Cement V-C

The cement sector is seeing heightened activity with top players such as UltraTech, Ambuja-ACC, Dalmia, and JSW looking to increase their share

Will explore acquisition possibilities at the right price: Shree Cement V-C
Updated On : 04 Sep 2023 | 7:32 PM IST

Don't see a major worry: Adani Cement CEO on any price war expected

Considering 420 mn tonnes demand base, at 8 or 10 per cent growth, you would need about 35 mn tonnes of extra cement to be produced, said Kapur

Don't see a major worry: Adani Cement CEO on any price war expected
Updated On : 20 Aug 2023 | 9:36 PM IST

Cement companies boost ad and sales spend in race for market share

UltraTech was the biggest spender, Dalmia Cement saw highest jump in expenses in FY23, shows data

Cement companies boost ad and sales spend in race for market share
Updated On : 15 Aug 2023 | 10:35 PM IST

UltraTech Cement targets 200 MTPA cement capacity: Chairman KM Birla

Country leading cement maker UltraTech Cement is targetting a production capacity of 200 million tonnes per annum (MTPA) as it looks to become one of the largest cement companies in the world, its Chairman Kumar Mangalam Birla said while addressing the AGM of the company. The company has already commenced work on the next growth phase of adding 22.6 MTPA additional capacity and after its completion, UltraTech will have over 160 MTPA cement production capacity. "Your Company is now targeting an ambitious goal of achieving a production capacity of 200 million tonnes. This will further reinforce our position as one of the largest cement companies in the world," said Birla while addressing shareholders on the 23rd AGM of UltraTech Cement. UltraTech had an installed capacity of 132.4 MTPA in FY22 and then added another 5.5 MTPA in FY23, elevating its total cement production capacity to 137.85 MTPA. The Aditya Birla group firm has doubled its grey cement production capacity from 66.3 MTP

UltraTech Cement targets 200 MTPA cement capacity: Chairman KM Birla
Updated On : 11 Aug 2023 | 9:01 PM IST

Competition for market share intensifies among cement companies in Q1

For the June-23 ended quarter, Dalmia Cement reported a 12.4 percent rise in cement volumes from a year ago

Competition for market share intensifies among cement companies in Q1
Updated On : 30 Jul 2023 | 8:57 PM IST

ACC net profit declines 41% to Rs 236 cr in January-March quarter

Cement maker ACC Ltd on Thursday reported a decline of 40.53 per cent in its consolidated net profit at Rs 235.66 crore for the quarter ended March 2023. The company had posted a profit of Rs 396.33 crore in the January-March quarter a year ago, said ACC, now a part of Adani Cement, in a BSE filing. Its total revenue from operations during the quarter under review was at Rs 4,790.91 crore, up 8.23 per cent, as against Rs 4,426.54 crore in the corresponding period a year ago. ACC's total expenses were at Rs 4,514.38 crore, up 14.10 per cent. Shares of ACC Ltd on Thursday settled at Rs 1,747.10 on the BSE, up 0.51 per cent from the previous close.

ACC net profit declines 41% to Rs 236 cr in January-March quarter
Updated On : 27 Apr 2023 | 10:32 PM IST

Aided by subsidiary sale, India Cements record net profit of Rs 90.73 crore

The exceptional income item of Rs 294.28 crore is the profit on sale of investments made in Springway Mining Private Ltd

Aided by subsidiary sale, India Cements record net profit of Rs 90.73 crore
Updated On : 03 Feb 2023 | 12:57 PM IST

Hoping to resolve dispute between transporters, cement factories: HP Min

Himachal Pradesh Industry Minister Harshwardhan Chauhan said that the dispute between the truck operators and cement plant owners will be resolved soon

Hoping to resolve dispute between transporters, cement factories: HP Min
Updated On : 21 Jan 2023 | 11:27 PM IST

Acquisition of JP's cement capacity a good long-term move by Dalmia

After acquisition, Dalmia's capacity mix will include 52 per cent in the east, 26 per cent in the south, 16 per cent in the central region and 6 per cent in the west

Acquisition of JP's cement capacity a good long-term move by Dalmia
Updated On : 13 Dec 2022 | 11:42 PM IST

Dalmia-Jaypee deal: Battle for third spot in cement market intensifies

Shree Cement adding 9 mtpa of capacity in the next 15 months, HM Bangur says; total cement production capacity of company to jump to 56.4 mtpa...

Dalmia-Jaypee deal: Battle for third spot in cement market intensifies
Updated On : 13 Dec 2022 | 11:01 PM IST

There's upside potential in Cement sector as prices rise across regions

Analysts expect H2 to be better and infra spending to be hiked in the Budget; benign energy prices and demand improvement are other triggers

There's upside potential in Cement sector as prices rise across regions
Updated On : 09 Dec 2022 | 11:37 PM IST

Top listed cement companies' margins, profits lowest in a decade

The industry's combined quarterly earnings in Q2FY23 were the lowest since July-September 2013

Top listed cement companies' margins, profits lowest in a decade
Updated On : 21 Nov 2022 | 10:51 PM IST

Cement firms raise FY23 capex amid cost pressure, aluminium cos trim plans

While UltraTech, ACC, Ambuja intend to go ahead with capex, Analysts point to volatility in global aluminium prices for Vedanta arm's revised capex guidance

Cement firms raise FY23 capex amid cost pressure, aluminium cos trim plans
Updated On : 07 Nov 2022 | 6:05 AM IST