It has been learnt that cement companies may hike prices in South India by around Rs 25-40 a bag. K Ravi, MD of NCL Industries said, "We are proposing, in fact closely watching that we will be taking a price revision anywhere between Rs 25-40 per bag. We are forced to take the hike because of diesel... Read more...
Cement manufacturers have resumed their organic growth plans. Thanks to the recovery in rural and infrastructure demand, companies are reviving their earlier announced expansion plans and committing fresh infusions. For instance, UltraTech Cement Ltd, which has a pan-India presence, announced 12.... Read more...
An analysis of data on cement volumes, transported through railways, shows that the strong demand momentum continued in February, domestic brokerage house JM Financial Institutional Securities Ltd said in a recent report. Month-on-month, volumes transported through railways grew 9% in the first... Read more...
Confederation of Real Estate Developers Association of India-AP State General Secretary K.Subhash Chandra Bose urged the Union and State governments to establish competent authorities to control cement and steel prices which had been skyrocketing for the last three months. He said that the cement... Read more...
UltraTech Cement Ltd. doubled profit in the three months ended Dec. 31 on sustained demand for housing, the company stated. Net income jumped to 15.8 billion rupees ($217 million) from 7 billion rupees a year earlier, beating analyst estimates, the unit of billionaire Kumar Mangalam Birla’s Adit... Read more...
Cement prices across India corrected in January despite the ongoing demand recovery. The latest dealers channel check by Kotak Institutional Equities showed that on a pan-India basis prices fell by around 2% month-on-month (m-o-m) or by Rs 9/bag. One cement bag, which weighs 50 kg, costs Rs344 at pr... Read more...
Century Plyboards India-promoted Star Cement’s two-million-ton greenfield cement plant in West Bengal is ready and commercial production will begin soon, company said on January 10. The Rs 450 crore grinding unit has been set up in Jalpaiguri district in north Bengal. “The project is underg... Read more...
Recycled hemp biomass, water and lime. Cement, sand, fibres, plasticizers and water. Combine the first group of ingredients in the correct ratio and you can make hemp building blocks that perform exceptionally well as insulation and, with the right compression, could also work as a structural materi... Read more...
As the tide remains favorable for cement manufacturers, rising demand and realizations are prompting companies to expand capacities and diversify into new geographies. Star Cement, having a strong presence in the northeast, is expanding into eastern India with ongoing capacity expansion at Siliguri,... Read more...
UltraTech Cement is considering to raise Rs 1,000 crore by issuing non-convertible debentures (NCDs) on private placement basis on or after December 30. The Board of Directors of the company in May this year had approved the raising of funds, by way of issuance of NCDs, foreign currency loan or... Read more...