Cement prices

India’s JK Lakshmi Cement Q4 profit rises on cost control measures – ET Infra

Representative Image BENGALURU: India’s JK Lakshmi Cement on Thursday reported a 46.3% rise in its fourth-quarter profit, as a tighter lid on costs helped cushion the impact from a revenue drop amid lower cement prices. The company’s net profit after tax (PAT) stood at 1.42 billion rupees ($17.1 million) compared to 973.2 million rupees a […]

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Adani signs pact to refinance $3.5 bn loan for Ambuja Cement acquisition – ET Infra

Billionaire Gautam Adani-led Adani Group has signed an agreement to refinance $3.5 billion of loans which the conglomerate had taken to acquire ACC Ltd and Ambuja Cement, the company said in a statement on Friday. “The re-financing programme of USD 3.5 billion has been concluded with a clutch of international banks with debt maturity of

Adani signs pact to refinance $3.5 bn loan for Ambuja Cement acquisition – ET Infra Read More »

Cement demand seen up 10-12% this fiscal on infra spending: Crisil – ET Infra

Representative Image NEW DELHI: Cement demand is expected to grow 10-12% year-on-year to about 440 million tonnes in fiscal 2024, driven by strong offtake from the infrastructure segment, according to Crisil Ratings. Combined with stable cement prices and softening power and fuel costs, operating profit of manufacturers is expected to recover by ~Rs 200 per

Cement demand seen up 10-12% this fiscal on infra spending: Crisil – ET Infra Read More »

Capacity addition to limit improvement in profitability for cement makers – ET Infra

While the recent uptick in prices and lower input costs is seen shoring up the operating profit of Indian cement makers in the near term, profitability is seen capped over the medium term as companies are unable to take significant price hikes amid capacity additions, analysts said. India is expected to consume around 440 million

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Cement prices up for the 2nd time this month in eastern India – ET Infra

Cement prices have been raised for the second time this month in eastern parts of India while remaining steady in central, northern and southern parts of the country, dealers said. Prices were increased 3-10% earlier this month across regions, spurred by weak monsoon rains in August which helped prop up demand even in the seasonally

Cement prices up for the 2nd time this month in eastern India – ET Infra Read More »

Focused on expansion to become profitable cement manufacturer: ACC – ET Infra

NEW DELHI: Adani group firm ACC Ltd is making remarkable strides in its ambitious endeavour to double capacities and is also focused on margin expansion to become the most profitable cement manufacturer in the country, according to its latest annual report. ACC Chairman Karan Adani said Adani group is adopting a three-pronged approach to the

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Cement prices to dip 1-3% this FY despite demand: CRISIL report – ET Infra

MUMBAI: After seeing a 4 pre cent compound annual growth rate (CAGR) over the previous four years and reaching an all-time high of Rs 391 per 50 kg bag last fiscal, cement prices are expected to decrease by 1-3% this fiscal. Hetal Gandhi, Director – Research, CRISIL Market Intelligence and Analytics said, “CRISIL MI&A Research

Cement prices to dip 1-3% this FY despite demand: CRISIL report – ET Infra Read More »

Kesoram aims at scaling up operations to refinance debt – ET Infra

Cement maker Kesoram Industries Ltd continues to struggle to get out of the woods and aims at scaling up operations and refinance its high-cost debt to return to profitability. The B K Birla Group company, which has now become a pure cement company after it demerged the tyres and rayon business, was looking at raising

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Kesoram aims at scaling up operations to refinance debt – ET Infra

Cement maker Kesoram Industries Ltd continues to struggle to get out of the woods and aims at scaling up operations and refinance its high-cost debt to return to profitability. The B K Birla Group company, which has now become a pure cement company after it demerged the tyres and rayon business, was looking at raising

Kesoram aims at scaling up operations to refinance debt – ET Infra Read More »

Dalmia Bharat expects to improve as operating cost normalises – ET Infra

NEW DELHI: Cement maker Dalmia Bharat Ltd has said it expects the company’s profitability to gradually improve as commodity inflation cools down. Dalmia Bharat will also establish presence in the markets of western, mid and northern regions, emerging as a pan-India pure-play cement company, the company said in its annual report. The company’s profitability will

Dalmia Bharat expects to improve as operating cost normalises – ET Infra Read More »

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