Cement Companies

Industry insiders expect the government to raise capex allocation to Rs 11.5 lakh crore, from Rs 11.1 lakh crore a year ago.

Steel, power & cement companies bag major slice of blocks auctioned in 6th commercial coal auctions

Last month on March 29, the Ministry of Coal signed agreements for the 29 coal mines auctioned under the sixth round of auction.

Unfazed by plunging profits, cement giants forge ahead with expansions

The big three in the cement sector have ambitious expansion plans, portraying their confidence in domestic economic growth, in spite of cost pressures in the near term

Cement companies profitability seen dipping 15% on input costs

The sector is set to witness a significant spurt in the capex of over Rs 27,000 crore this fiscal from under Rs 19,000 crore last year will not make a dent as most of this capex will be funded largely from internal accruals.

Old vs. New, Big vs. Small: Cement makers face a fight on all sides to protect margins, market share

Cement makers could be in a tricky situation because if they aspire for stable pricing and healthy margins, they may lose market share or be forced to revisit growth plans.

Will the March quarter rescue flagging margins of cement companies?

Cement prices have tumbled back to September levels. This raises doubts on the ability of companies to pass on rising costs to consumers and protect profitability 

The Green Pivot | Cement companies’ energy saving efforts pave the way for sustainable profits

Cement companies have used Waste Heat Recovery Systems to good effect in keeping costs down

CCI raids | No reason for cement companies to raise prices during COVID-19, says builders' body

Builders Association of India (BAI) statement comes after Competition Commission of India launched raids against LafargeHolcim, parent firm of ACC and Ambuja Cements, as well as on Aditya Birla group firm UltraTech Cement and Shree Cement.

CCI raids cement companies on price cartelisation allegations

In 2016, CCI had fined some cement companies Rs 6,700 crore over cartelisation.

LD slag is accumulating, need to find ways for commercial use: Secretary, Ministry of Steel

"Instead of inventing the wheel all over again, we need to have information sharing and collaboration. Ministry of Steel will be happy to act as a facilitator," she said.

3 Point Analysis | Cement Sector Q2: Price outlook weak; Focus on cost efficiencies

Sakshi Batra does a 3 point analysis of the second quarter performance of some of the large and mid-size companies in the sector to check which ones are worthy of long-term investment at this juncture.

NCLAT upholds Competition Commission's Rs 6.3k-crore fine on 11 cement companies

The fine was imposed by the CCI in June 2012 for reportedly violating provisions of the Competition Act 2002, and was stayed by the Competition Appellate Tribunal (compat) in 2013

Rising input costs may hit cement cos' profit margins: Report

Rating agency Icra in its report said higher power and fuel (increase in coal and pet coke prices) and freight costs (increase in diesel prices) in the near term are likely to continue to put pressure on the profitability margins and debt metrics of the cement companies.

Unsure when note ban situation will normalise: Panyam Cements

Speaking to CNBC-TV18, S Sreedhar Reddy, Managing Director of Panyam Cements, said the company would continue focusing on the Rayalseema region.

CCI penalty to shave off profit of cement cos by 2%: ICRA

The Competition Commission of India's penalty of Rs 206 crore on seven cement companies is likely to shave off "under 2 percent of operating profits" of the players, India Ratings and Research (Ind-Ra) said today.

Unable to pass on the clean environment cess, says NBL Ind

The additional cess is likely to hit the company‘s operating profits by more than 5-6 percent said K Ravi, MD, NCL Industries.

Mkt downside capped between 7800-8000; like cement: SBICap

Amongst the cement companies, Mahantesh Sabarad of SBICap Securities prefers regional players that are exposed to central and eastern parts of the country than largecap names. He likes Heidelberg from that space

Sebi examines minority holders issue in Holcim-Ambuja deal

The Securities and Exchange Board of India (Sebi) is looking into the complaints in the multi-layered deal involving Swiss cement giant Holcim and its Indian subsidiaries Ambuja Cement and ACC.

Investors unhappy; ACC, Ambuja may underperform: Religare

In an interview to CNBC-TV18, Mihir Jhaveri, Religare Capital Markets speaks on the impact on Ambuja Cements and ACC on the back of the Holcim deal. He expects the stocks to underperform in the near-term.

Cautious on ACC, Ambuja Cements ahead of earnings: Tulsian

SP Tulsian of sptulsian.com is cautious on Ambuja Cements and ACC. He expects flat kind of numbers, but maybe slight shrinkage on the sequential basis on the bottomline, he adds.

July may see rate cut; avoid cement, buy auto: StanChart Bk

Since early last year they have preferred the developed markets over emerging markets and with the recent events in terms of time table for Fed tapering has reinforced that view, says Clive McDonnell.

SC directs cement cos to deposit 10% of the penalty amount

The Supreme Court has directed 11 cement companies to deposit Rs 630 crore with COMPAT

COMPAT begins hearings on cement cos plea against CCI fine

The Competition Appellate Tribunal started hearings on the plea of 11 cement companies seeking stay on Rs 6,307 crore penalty imposed by fair trade regulator CCI on the grounds of cartelisation.