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...
May 2020 ,
by Realty Plus in ALLIED
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...
May 2020 ,
by Realty Plus in ALLIED
Nuvoco, a Cement & ready mix Concrete Manufacturers, through its cement manufacturing facilities in Chhattisgarh, Haryana, Rajasthan, Jharkhand, and West Bengal has reached out to the local communities and contributed food packets and essential supplies. Moreover, they are also extending a helpi... Read more...
May 2020 ,
by Realty Plus in ALLIED
In another setback to the construction sector, which is reeling under the effect of the lockdown, cement manufactures hiked prices in the retail market by up to Rs 100 per bag. Hardware retailers dealing with cement in the city said leading brands have hiked the price of 53 grade cement bags, each w... Read more...
May 2020 ,
by Realty Plus in ALLIED
Cement companies have decided to hike prices of cement of all grades. The price hike is likely to come into effect from 1st May and could be around `20 per bag on all grades of cement. A bag of ‘A’ grade cement is likely to cost `400 from Friday. Similarly, prices of B, C and D grade cement woul... Read more...
May 2020 ,
by Realty Plus in ALLIED
LafargeHolcim expects a speedy recovery for the construction sector after a difficult second quarter hampered by the coronavirus and its attendant shutdowns. The Swiss company reported a drop in sales and profit during its first quarter as the global pandemic closed building sites around the world. ... Read more...
Apr 2020 ,
by Realty Plus in News/Views
While the lockdown has not put a stop to enquiries about new homes, Hyderabad’s developers say most prospective buyers are now calling with requests for discounts of anywhere between 15% and 20% to refund schemes, in case they wish to withdraw the deal at a later stage. Another common request is a... Read more...
Apr 2020 ,
by Realty Plus in ALLIED
ACEM’s Q1CY20 results were ahead of our estimates on operational parameters, led by higher realization and lower variable costs. Adjusted EBITDA stood at Rs6.1bn vs.estimated Rs4.9bn and EBITDA/ton came in at Rs938 vs. estimated Rs719. Higher realization and lower variable costs help better per... Read more...
Apr 2020 ,
by Realty Plus in ALLIED
Ambuja Cements Ltd on Monday reported a 6.80 per cent rise in its consolidated net profit to Rs 742.59 crore for the first quarter ended March 31. The company, which follows the January-December financial year, had clocked a net profit of Rs 695.30 crore in the corresponding period a year ago, Ambuj... Read more...
Dec 2019 ,
by Realty Plus in ALLIED
Shares of Shiva Cement (down 2.66 per cent), Orient Cement (down 2.54 per cent), Sagar Cements (down 2.47 per cent), Dalmia Bharat (down 1.47 per cent), Saurashtra Cement (down 1.45 per cent), NCL Industries (down 1.33 per cent) and JK Lakshmi Cement (down 1.29 per cent) were among the top losers. ... Read more...