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.
Nisha Poddar of CNBC-TV18 was joined by Puneet Dalmia of Dalmia Bharat, Anil Singhvi of Ican Investments Advisors and Vikram Hosangady of KPMG to understand the big deal between JP Associates and UltraTech Cement, and other deals in the offing.
Heidelberg will pass on the price rise — coming from district mineral fund (DMF) and value-added tax (VAT) — to customers, Jamshed Naval Cooper, CEO and MD of Heidelberg Cement India