Vijoynagar, a sub-divisional town under Changlang district with just 1500 residents, has no proper surface communication. People have to walk for five days from the nearest thoroughfare in Miao to reach the town.
Based on current trends, we expect the cement demand to rebound from Q4 FY2018 as against earlier expectations of Q3 FY2018, the same may be positively impacted by the housing segment both affordable and rural housing and; infrastructure segment, mostly road and irrigation projects, rating agency ICRA said in its report here.
ACC and UltraTech Cement have both surprised the street with a massive topline beat this quarter. Is this indicative of a turnaround in the cement sector? In an interview to CNBC-TV18, Sanjay Ladiwala, Chairman, Cement Stockists and Dealers Association of Bombay and Jaspreet Singh Arora of Systematix Shares and Stocks shared their views and outlook on the same.
The company is keeping its options open for enhancing production capacity with an aim to meet demand growth in eastern India, driven by housing and rejuvenated infrastructure development
Motilal Oswal has come out with its sector report on Cement dated September 22, 2017. All-India average cement prices lower by 5% QoQ.
Besides, rapid urbanisation along with reduced home loan interest and strong demand from IT/ITES park in centres like Chennai, Bangalore and Hyderabad would also act as demand drivers for the cement industry, the Aditya Birla group firm said in an investor's presentation.
Murli’s case was admitted for insolvency resolution by the Mumbai bench of the National Company Law Tribunal in April
JM Financial has come out with its sector report on Cement dated August 22, 2017. Price hike offsets cost escalation; recovery expected in 2HFY18.
Revenue from operations during the quarter under review stood at Rs 1,208.43 crore as against Rs 1,039.80 crore in the year-ago period, up 16.21 per cent.
Road ministry holding regular “review meetings” to speed up project completion and ease procedural bottlenecks
The company, which follows the January-December fiscal year, had clocked a net profit of Rs 246.07 crore on the year ago period, ACC Ltd said in a BSE filing.
Cement companies such as Star Cement, Dalmia Cement and Topcem Cement have made this reduction in cement prices effective from July 1, the release quoting the cement majors, said.
Dealer checks have indicated that cement prices have been on the rise. Cement companies are also in focus as the top cement companies' heads met the road minister Nitin Gadkari last week to discuss pricing.
Cement demand, which was negatively impacted following the demonetisation exercise, rebounded in March, the agency in a report.
The company is also setting up two more grinding units at Madhya Pradesh and Haryana having around four million tonne capacity, which will be ready by 2020, alongwith, adding second line of production at its existing unit at Rajasthan, Toshniwal said.
Edelweiss Mutual Fund is upbeat on private banks as he believes private banks will keep gaining share from PSUs
Is the impact of demonetisation fading away for cement sector and how are prices poised to move over the next few quarters? In an interview to CNBC-TV18, Sanjay Ladiwala, Chairman of the Cement Stockists & Dealers Association of Bombay and Rakesh Arora, Managing Partner of Go India Advisors shared their views and readings of cement sector.
Net Sales are expected to increase by 18.4 percent Q-o-Q (up 7.6 percent Y-o-Y) to Rs 2600 crore, according to HDFC Securities. Ambuja Cement to report net profit at 340 crore up 83.3% quarter-on-quarter.
Net Sales are expected to increase by 13.9 percent Q-o-Q (up 3.9 percent Y-o-Y) to Rs 3040 crore, according to HDFC Securities. ACC to report net profit at 170 crore up 243.1% quarter-on-quarter.
Net Sales are expected to increase by 8.1 percent Q-o-Q (down 0.8 percent Y-o-Y) to Rs 1010 crore, according to HDFC Securities. The Ramco Cements to report net profit at 160 crore up 2.2% quarter-on-quarter.
Net Sales are expected to increase by 26.9 percent Q-o-Q (up 15.9 percent Y-o-Y) to Rs 2340 crore, according to HDFC Securities. Shree Cement to report net profit at 360 crore up 53.9% quarter-on-quarter.
Net Sales are expected to increase by 13.4 percent Q-o-Q (down 2.5 percent Y-o-Y) to Rs 9760 crore, according to HDFC Securities. Grasim Industries to report net profit at 900 crore up 27.7% quarter-on-quarter.
Net Sales are expected to increase by 19 percent Q-o-Q (up 2.4 percent Y-o-Y) to Rs 6590 crore, according to HDFC Securities. Ultratech Cement to report net profit at 610 crore up 8.4% quarter-on-quarter.
The National Company Law Tribunal (NCLT) has approved India Cements' merger with its subsidiaries Trinetra Cement and Trishul Concrete Products. "This will help the company to re-align its focus on core business segment and ultimately re-rate the stock valuations in the medium-term", Vaibhav Agarwal of PhillipCapital told CNBC-Tv18.
IndusInd Bank and Yes Bank had to make provisions of Rs 122 crore and Rs 227.9 crore, respectively, towards their exposure to this account in compliance with a Reserve Bank notification.