Posts tagged with Cement

Cement Manufactures Resume Focus On Growth Capex
Nov 2020 , by in ALLIED

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...

Cement Sector Revival Optimistic for Economy
Nov 2020 , by in ALLIED

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 Q2 Profit Up 40%
Nov 2020 , by in ALLIED

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...

Heidelberg Cement Shifts Focus to Premiumisation
Oct 2020 , by in ALLIED

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...

ACC Q3 Sees 20% YoY Jump In Profit
Oct 2020 , by in ALLIED

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...

Damani’s 15% stake in India Cements
May 2020 , by 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...

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