Penna Cement Industries Ltd on 14th May filed a draft red herring prospectus (DRHP) with Securities and Exchange Board of India (Sebi) to raise nearly ₹1,550 crore through an initial public offering (IPO). The IPO comprises a fresh issue of ₹1,300 crore and an offer for sale of up to ₹250 c... Read more...
Ambuja Cement and ACC – both operating companies of leading global building material and solutions organisation LafargeHolcim – have collectively accelerated their decarbonisation agenda. The aim is to generate clean and green energy in line with LafargeHolcim’s Net Zero Pledge and its ambitio... Read more...
LafargeHolcim, a global leader in building solutions has partnered up with the Indian Institute of Technology Hyderabad (IITH) to collaborate on the development of innovative and smart building solutions. This new academic collaboration with one of the reputed institutes in the India will be impl... Read more...
Ambuja Cements Ltd, part of Swiss firm LafargeHolcim, on April 29th reported a 65.4 per cent jump in consolidated net profit to Rs 1,228.24 crore for the first quarter ended March 2021, helped by volume growth. The company, which follows the January-December financial year, had clocked a net pr... Read more...
The Madras High Court directed a Central Bureau of Investigation (CBI) enquiry into allegations that cement manufacturers in the country have conspired to cartelize the cement industry, by creating artificial scarcities and fixing higher prices A petition moved by the Class I Contractor Welfare A... Read more...
Shiva Cement fell 3.03% to Rs 20.80 after the company reported a net loss of Rs 5.72 crore in Q4 FY21 compared with net loss of Rs 6.32 crore in the same period last year. Net sales during the quarter fell 6.4% year-on-year (YoY) to Rs 7.92 crore. Interest outgo, however, declined 22.3% to Rs 2.93 c... Read more...
Cement manufacturer Shree Cement said it is running its oxygen plants at 100% capacity to cater to the shortage of oxygen in the country. “Shree Cement is continuing a steady supply of oxygen cylinders to hospitals across India from its production units in Rajasthan, Karnataka, Bihar, Odisha and C... Read more...
For Q4 of FY 2021, cement companies are likely to report good volumes on greater demand, backed by strong rural, housing and infra demand and a favourable base of the 8-10 days lost in March 2020. Despite rising costs, profitability will rise boosted by higher prices and cost optimisation, accord... Read more...
Concrete is the most commonly used building material in the world, but unfortunately the cement used to make it carries quite a carbon footprint. Now, scientists at the University of Tokyo have created a cement-free alternative that directly bonds sand particles together using a reaction between alc... Read more...
Impacted by rising input costs, cement manufacturers have taken yet another price hike in April, shows the latest dealers channel check by Motilal Oswal Financial Services Ltd. According to the brokerage house, prices have been raised by around 3% on a month-on-month basis in April and now stand at ... Read more...