cement industry

Adani Group’s concrete plan: $3 billion buyouts in cement space – ET Infra

MUMBAI: The Adani Group is evaluating multiple cement companies for acquisition including Hyderabad-based Penna Cement, Gujarat-headquartered Saurashtra Cement and the cement business of Jaiprakash Associates as well as ABG Shipyard-owned Vadraj Cement, according to people familiar with the matter. It is keeping aside a war chest of $3 billion for these acquisitions, these people said. […]

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Cement industry in India consolidating, market shares of top companies growing: ICRA – ET Infra

Backed by healthy demand prospects for the sector, large cement companies are looking to increase their capacity and maintain market share through, organic and inorganic expansions. According to rating agency ICRA, while organic growth is expected to continue in the medium term, cement companies are also preferring the inorganic route (either through acquisitions or through

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Cement industry on green logistics drive, pilot testing 150 E-trucks for transport – ET Infra

HYDERABAD: As part of its green logistics drive, India’s cement industry, which is the second largest in the world with an installed capacity of around 670 million tonnes per annum (MTPA), is piloting the usage of EV trucks (E-trucks) and has already deployed around 150 E-trucks, top cement industry officials said here on Thursday. The

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JK Cement Q2 profit up 62 pc to Rs 178 cr – ET Infra

NEW DELHI: JK Cement Ltd (JKCL) on Saturday reported 62.18 per cent rise in consolidated profit to Rs 178.47 crore for the second quarter ended September 2023. It logged a net profit of Rs 110.04 crore in the July-September period a year ago, according to a regulatory filing by JKCL. Revenue from operation was up

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Cement industry struggles to compete in oversees markets – ET Infra

India’s cement industry is unable to compete in the overseas markets owing to duty-free imports of the commodity in the country coupled with the duties that domestic producers need to pay for raw materials, the PHD Chamber of Commerce and Industry (PHDCCI) has conveyed to the commerce and industry ministry. The industry body has demanded

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Cement demand seen up 10-12% in FY24 aided by infra spending – ET Infra

MUMBAI: India’s cement demand will grow 10-12% on-year to 440 million tonnes in fiscal 2024, driven by strong offtake from the infrastructure segment, as per report by ratings and research agency CRISIL. The demand for cement will be driven by government infrastructure spending, which comprises around 30% of annual cement sales. This fiscal year, the

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2 more cement firms sign pact with BSL for slag procurement – ET Infra

BOKARO: The slag produced in the steel-making process of Bokaro Steel Plant (BSL), a unit of Steel Authority of India, is in high demand, particularly from the cement industry, which is making a beeline at BSL to avail it. Blast-furnace (BF) slag, a by-product of iron when it to a blast furnace is a raw

2 more cement firms sign pact with BSL for slag procurement – ET Infra Read More »

2 more cement firms sign pact with BSL for slag procurement – ET Infra

BOKARO: The slag produced in the steel-making process of Bokaro Steel Plant (BSL), a unit of Steel Authority of India, is in high demand, particularly from the cement industry, which is making a beeline at BSL to avail it. Blast-furnace (BF) slag, a by-product of iron when it to a blast furnace is a raw

2 more cement firms sign pact with BSL for slag procurement – ET Infra Read More »

JK Lakshmi Cement Q1 PAT falls 30.65 pc to Rs 79.79 cr – ET Infra

NEW DELHI: JK Lakshmi Cement Ltd on Thursday reported a 30.65 per cent decline in consolidated profit after tax to Rs 79.79 crore in the first quarter ended June 30, with rain and cyclone Biparjoy impacting operations in Gujarat and Rajasthan. The company, which posted a consolidated profit after tax of Rs 115.07 crore in

JK Lakshmi Cement Q1 PAT falls 30.65 pc to Rs 79.79 cr – ET Infra Read More »

Cement industry production to grow 7-8%; gives ‘stable’ outlook: ICRA – ET Infra

NEW DELHI: The domestic cement industry is expected to have a volumetric growth of 7-8 per cent in FY24, helped by a rise in demand from the housing and infrastructure sector, a report by ICRA said on Monday, giving a ‘stable’ outlook for the sector. Besides, the softening of input costs would help the cement

Cement industry production to grow 7-8%; gives ‘stable’ outlook: ICRA – ET Infra Read More »

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