Cement demand recovery seen in October across India has sustained in November, channel check by brokerages show. South, where demand was the worst hit in April-August 2020, too, is seeing recovery in October-November, led by Andhra and Telangana. A key highlight of the September quarter for cemen... Read more...
UltraTech Cement says it has beaten its goal of doubling its energy productivity ahead of its deadline. It joined the EP100 initiative in 2018 and agreed to double its energy productivity from the base year of 2010 with the target year of 2035. It has achieved this by investing in energy efficiency ... Read more...
The past few days have seen a trickle of positive news on the economy. The most ‘solid’ indicator has been the consistent performance of the cement industry over the past six months. The Q2 results of most companies have surprised both investors and the producers alike. The industry reported ... Read more...
Ramco Cements has posted a 40 per cent jump in profit to Rs 235.77 crore during the quarter ended September 30, from Rs 168.15 crore during the same quarter last year. Revenue dropped to Rs 1,265.31 crore from Rs 1,325.88 crore. EBIDTA for the quarter ended September 30, 2020 was Rs 450.30 crore ... Read more...
In a bid to avoid bad debts in the current scenario, Central India focused Heidelberg Cement Ltd is focusing more on realisations and profitability. Instead of pushing volumes the company will continue to focus on premiumisation, The company saw its volumes decline by 2.3% year-on-year to 1.11 mi... Read more...
LafargeHolcim launches its EcoLabel to transparently communicate the environmental benefits of its green building solutions. The label will apply to all its products that comply with its green criteria, including lower CO2 footprint and recycled content. Building on LafargeHolcim's net zero pledge, ... Read more...
Canadian green start-up Nexii Buildings Solutions Inc. believes they have a solution to the carbon emission problem in construction. Its product Nexiite, a proprietary material that allows for rapid construction, is a near-zero carbon alternative to cement, a highly carbon-intensive material. Gre... Read more...
Cement manufacturer ACC on October 19 posted a consolidated net profit of Rs 363.85 crore, up 20.26 percent year-on-year (YoY) for the September quarter. The company had reported a profit of Rs 302.56 crore in the corresponding quarter of the previous financial year. The company, which follows... Read more...
Real estate developers across the country are joining hands to source raw material supplies in bulk from manufacturers at preferred rates as a cost-saving measure. Developers estimate the move to collate orders will fetch at least 5-7% cost-benefit to developers and ultimately to homebuyers. Apart f... Read more...
Shares of India Cements jumped 16 per cent on Friday after data showed ace investor Radhakishan Damani hiked stake in the cement maker during the March quarter. The scrip closed 15.77 per cent higher at Rs 116.70 on the BSE. At the end of March quarter, Radhakishan Damani held 3,18,86,777 shares ... Read more...