Economy & Market

Analysts maintain positive outlook on cement sector

Published

13 years ago

July 31, 2012

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After reviewing the situation post the Competition Commission of India (CCI) order of slapping a Rs 6000 crore penalty on cement majors for cartelisation, analysts are maintaining a positive outlook on cement sector because there will not be an immediate drag on the respective company balance sheets due to the ongoing tussle between the CCI and the cement makers. CCI in its order said the penalty would be at the rate of 0.5 times of profit earned during FY10 and FY11. Despite the ‘unfavourable order’ passed by the CCI, brokerages are bullish on sector stocks.Cement company stocks are on an uptrend despite the CCI’s penalty order. Analysts say, sector stocks are likely to see a correction as companies have left the CCI order overhang partly behind by deciding to contest the order.Cement stocks of companies like ACC, Ambuja Cements, JK Cements and UltraTech, Madras Cements and JP Associates declined anything 3-5 per cent following the CCI order in the last week of June. However, since then, stocks have recovered from losses they made and are now in green.

Concrete

Cement industry to gain from new infrastructure spending

Published

7 days ago

July 24, 2025

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As per a news report, Karan Adani, ACC Chair, has said that he expects the cement industry to benefit from the an anticipated US$2.2tn in new public infrastructure spending between 2025 and 2030. In a statement he said that ACC has crossed the 100Mt/yr cement capacity milestone in April 2025, propelling the company to get closer to its ambitious 140Mt/yr target by the 2028 financial year. The company’s capacity corresponds to 15 per cent of an all-India installed capacity of 686Mt/yr.

Image source:https://cementplantsupplier.com/cement-manufacturing/emerging-trends-in-cement-manufacturing-technology/

Concrete

AI boom drives demand, says ACA

Published

7 days ago

July 24, 2025

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The American Cement Association projects a nearly 1Mt annual increase in US cement demand over the next three years, driven by the surge in AI data centres. Consumption by data centres is expected to grow from 247,000 tonnes in 2025 to 860,000 tonnes by 2027. With over 5,400 AI data centres currently operating and numbers forecast to exceed 6,000 by 2027, the association cautions that regulatory hurdles and labour shortages may impact the industry’s ability to meet demand.

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Concrete

GoldCrest Cement to build plant in India

Published

1 week ago

July 23, 2025

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GoldCrest Cement will build a greenfield integrated plant with a 3.5Mt/yr clinker capacity and 4.5Mt/yr cement capacity. GoldCrest Cement appointed Humboldt Wedag India as engineering, procurement and construction contractor in March 2025 and targets completion by March 2027. It has signed a 40-year supply agreement with Gujarat Mineral Development Corporation for 150Mt of limestone from its upcoming Lakhpat Punrajpur mine in Gujarat.