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The group's interest in these companies is driven by expectations of a surge in demand as the Indian government continues its infrastructure development initiatives, supported by record capital expenditure.
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Cash generated from operations falls by 98% YoY
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It is better to be selective on this sector and keep away from companies based in central and eastern regions
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ACC Q3: The company recorded a 7 percent rise in net sales at Rs 3,910 crore as compared to Rs 3,653 crore reported in the same quarter last year
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The pledge comes as the tycoon’s ambitious dealmaking in an array of new sectors from green energy to media raises concerns over the high level of debt across the Adani group.
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According to the CEO of Holcim- Jan Jenisch, this divestment is another step in the transformation to become the global leader in innovative and sustainable building solutions. The proceeds provide the company the firepower to continue its acquisition strategy, he said in a press release.
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Cement volumes are likely to get support from the government’s capex push and normal monsoon
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Newcastle coal futures are trading near $430 per tonne, just shy of a record peak touched in early March, amid robust demand, falling Russian deliveries and supply-chain disruptions, among others
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We advise strong caution on UltraTech and Shree Cement as the entry of Adani poses the biggest risk to their market share as well as super-rich valuation
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The two offers with an investment of $4 billion (Rs 31,139 crore) might be the biggest in Indian corporate history. Shares of ACC were trading 0.91 percent lower at Rs 2,166.70 on BSE at 10:23 am today.
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There exists a significant scope of improvement for the combined entity and the realisation of cost synergies is likely to push margins and return ratios higher in the coming years
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The acquisition of Holcim’s assets -- Ambuja Cement, and ACC -- makes Adani Group the second largest player in the cement sector. With over 30 acquisitions since 2014 in different verticals and businesses, Adani Group has grown at a scorching pace through acquisitions and has become a dominant player in most of these businesses such as ports, airports, power, and others.
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The largest infra and materials deal in the country makes Adani India’s second-largest cement maker with a capacity of about 70 MTPA
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The 35 percent jump in budgetary capex allocation is expected to have a spillover effect on demand across core sectors such as cement and steel
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The overall demand for the cement sector continues to remain buoyant driven by large scale infrastructure projects.
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The industry is looking forward to better capacity utilisation this year, as the demand environment, led by a pick-up in infrastructure and housing, is expected to remain buoyant.
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The company, which follows January-December fiscal year, had clocked a net profit of Rs 89.73 crore in July-September quarter a year ago, ACC Ltd said in a BSE filing.
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Amit Gupta of ICICI Direct, in an interview to CNBC-TV18 shared his reading and outlook on Futures and Options (F&O) market and specific stocks.
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R K Global has come come out with its report on cement sector. According to the research firm cement utilization is expected to start improving from H2FY’13E onwards as incremental demand is likely to keep pace with the additions in effective capacities.
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ACC Cement has posted a whopping 85% rise in its net profit at Rs 159.31 crore for the July-Sept quarter of FY12. Sales also grew 30% at Rs 2283.42 crore.
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Goa government has signed a memorandum of understanding (MoU) with ACC Cement company which would consume all its plastic, thermacol and rubber waste, state environment minister Aleixo sequeira said today.
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Ambuja Cement’s production in January rose 6.2% year-on-year to 1.84 million tonnes, reported Business Standard, quoting a company release. Despatches during the month rose 5.3% to 1.84 million tonnes.
