Economy & Market
Cement market bullish
Published
10 years agoon
By
adminAccording to market reports, the September quarter results of many cement companies show a positive trend with the government?s thrust on infrastructure sector. Market analysts feel that shares of cement companies are already pricing in the start of an upcycle in the industry.
Mangalam Cement hits record high
Mangalam Cement has surged 4 per cent to Rs 330 on National Stock Exchange (NSE) after India Capital Fund purchased 602,596 equity shares or 2.26 per cent stake of the company through open market.
On November 17, 2014 India Capital Fund bought 446,414 shares of Mangalam Cement at Rs 315 on the BSE and bought 156,182 shares at Rs 315 on the NSE, according to the bulk deal data.
The stock opened at Rs 320 and touched a record high of Rs 336 on NSE. A combined 190,417 shares changed hands on the counter till 1107 hours on NSE and BSE.
The company?s trailing 12-month (TTM) EPS was at Rs 9.70 per share. (Sep, 2014). The stock?s price-to-earnings (P/E) ratio was 32.48. The latest book value of the company is Rs 189.93 per share. At current value, the price-to-book value of the company was 1.66. The dividend yield of the company was 1.9 per cent.
Shree Cement Q2 net dips 37 per cent
Shree Cement reported a 37 per cent dip in net profit for the July-September quarter of the current fiscal at Rs 108.81 crore on higher expenses. The company, which has an annual capacity of 17.5 million tonne, had clocked Rs 172.22 crore net profit in the same quarter last fiscal, according to its BSE filing.
Total income, however, rose to Rs 1,608.08 crore during the reporting quarter from Rs 1,247.54 crore in the corresponding period, a year earlier. Expenses, on a host of heads including raw material and fuel costs, on the other hand, rose to Rs 1,490.51 crore from Rs 1,112 crore in the year-ago period.
The company consumed raw material worth Rs 137.41 crore from Rs 104.53 crore. Power and fuel costs escalated to Rs 413.47 crore from Rs 300.45 crore. Freight expenses went up to Rs 316.99 crore from Rs 249.32 crore. Depreciation charges in the quarter also increased to Rs 222.65 crore from Rs 113.87 crore in the same period, last year.
India Cements back on profit track
The India Cements has reported a satisfactory performance during second quarter of this year against cost pressure and weak demand in the south. According to official estimates, cement industry grew 9 per cent at the national level in the first half of this year ending September 30, 2014 against practically nil growth in the previous year. South was the weakest among the regions.
India Cements, during the second quarter ending September 30, 2014 improved its net plant realisation which helped to offset the drop in volume and the cost increases. This resulted in an EBIDTA (operating profit) of Rs 183 crore in Q2, FY 15 against Rs 134 crore in the same quarter of the previous year.
The company reported a net profit of Rs 7.49 crore. Net sales improved to Rs 1131.68 crore (Rs 1093.78 crore). The board at the meeting held on November 12, 2014 approved the proposal for raising an amount not exceeding Rs 500 crore by way of issue of issue of QIP/FCCB/GDR/other securities to improve the leverage and for meeting normal capital expenditure.
Ramco Cements Q2 net jumps five-fold
The Ramco Cements Ltd, formerly Madras Cements Ltd, reported about five-fold jump in its standalone net profit to Rs 89.71 crore for the second quarter ended September on the back of cost reduction and improved realisation. The company had posted a net profit after taxes, minority interest and share in profit/(loss) of associates at Rs 18.27 for the same period in the previous fiscal, it said in a statement.
Total income from operations for the July-September quarter also increased by Rs 30.72 crore to Rs 951.43 crore from Rs 920.71 crore in the same period a year ago. For the half-year ended September 30, the net profit of the company escalated 44.59 per cent to Rs 125.97 crore from Rs 87.12 crore in the year-ago period. For the first half of the current fiscal, Ramco?s total income from operations increased marginally and stood at Rs 1,910.58 crore, up from Rs 1,907.89 crore in the corresponding period of the previous fiscal.
The lower production and sale of cement during the half-year under review is due to continued slackness in demand for cement in key areas of its market, the company said. The fillip for infrastructure activities due to bifurcation of Andhra Pradesh is expected to materialise in the coming months.
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As part of the 10th India Construction Festival, the RAHSTA Awards recognised outstanding contributions to the road construction industry.
On October 10, 2024, the RAHSTA Awards were held at the Jio Convention Centre in Mumbai, forming a significant part of the 10th India Construction Festival. This esteemed event serves as a pivotal platform for recognising and honouring outstanding contributions in the road construction industry, particularly those that prioritise sustainability, innovation and excellence.
RAHSTA, an acronym for ‘Roads and Highways Sustainable Technologies & Advancement’, has become synonymous with the promotion of advancements in road construction equipment and technologies. Organised by the FIRST Construction Council, the awards seek to highlight the importance of sustainable practices in infrastructure development and celebrate those organisations that lead the way in this critical area.
At the event, Pratap Padode, Founder, FIRST Construction Council, underscored the importance of skilling the workforce in the construction sector. He pointed out that construction is India’s second-largest employer, with the potential to reach 100 million jobs by 2030. However, he emphasised that a significant portion of this workforce remains unskilled, with 80 per cent of the 70 million workers lacking adequate training.
“To bridge this skill gap, we must incorporate practical orientation in engineering and management courses,” Padode urged. He highlighted the Indian Government’s initiative to onboard 1 crore interns through CSR funding over five years, encouraging construction companies to participate actively
in this programme. By doing so, he said, the industry could not only enhance skill development but also position itself for future growth and sustainability.
The RAHSTA Awards recognised seven outstanding contributions to the road construction sector, celebrating innovations that drive sustainability and efficiency:
- Award for Highest Standards of Excellence in Road Engineering & Construction: Patel Infrastructure
- Award for Excellence in Bridge Engineering: L&T Construction, DIAL Phase 3A Project
- Best Road Financier Award: HDFC Bank
- Award for Best Use of Waste Material Recycling in Road Construction: Tata Steel
- Best Digital Technology Award in Road Building: Cube Highways and Transport Assets Advisors
- Award for Excellence in Project Management: Haryana Rural Road Infrastructure Development Agency
- Innovation Award in Project Execution:
- CC Precast Solutions
Indeed, the RAHSTA Awards 2024 were more than just a ceremony; they represented a vital call to action for the road construction sector in India. By highlighting the importance of sustainability and technological advancement, the awards inspired industry stakeholders to strive for excellence
and innovation.
As the event concluded, it left attendees with a renewed sense of purpose and a collective vision for a more sustainable and efficient future in infrastructure development. The RAHSTA Awards stand as a testament to the possibilities that lie ahead when industry leaders come together to embrace change and foster growth.
The titans of the construction equipment industry were honoured at the 12th BKT Equipment India Awards 2024.
On October 10, 2024, Mumbai played host to the much-anticipated 12th BKT Equipment India Awards 2024, an event that recognised and celebrated the outstanding achievements within the construction equipment sector. The grand ceremony took place at Jio Convention Centre and was among the highlights of the India Construction Festival, which gathered industry leaders, manufacturers and financiers from across the nation to honour innovation and excellence in this vital sector.
The inaugural addresses set a reflective tone for the evening, emphasising the importance of collaboration and information sharing within the industry. In his opening speech, Pratap Padode, Founder, First Construction Council, remarked, “At Equipment India, we have always tried to enhance the standard of the industry. During this 17th year of our existence, we still find that companies are trying to hide behind a veil as far as the disclosure of factual data is concerned.” His emphasis on transparency resonated with the audience, highlighting the critical need for the construction equipment sector to adopt best practices for data sharing, akin to those seen in the automobile industry.
For his part, Vipin Sondhi, Chairman, RAHSTA Committee, and former MD and CEO, JCB India and Ashok Leyland, also shared optimistic insights, stating, “Today, we celebrate not just the figures but the remarkable individuals behind them – the innovators, manufacturers and teams that push the boundaries of what’s possible.” He highlighted the impressive growth of equipment sales, which saw a 26 per cent increase during FY2023-24, reflecting strong market recovery and renewed confidence.
The 12th BKT Equipment India Awards not only celebrated the achievements of key players in the construction equipment sector but also served as a reminder of the collective effort required to drive the industry forward. The event reaffirmed its commitment to supporting the industry’s ongoing evolution, ensuring that India remains a significant player in the global construction equipment market. With the industry poised to grow at a CAGR of 12 per cent, reaching $25 billion by the end of the decade, the evening left attendees inspired and motivated to continue pushing boundaries in their respective fields.
A significant highlight of the evening was the presentation of the Equipment India Person of the Year 2024 award to Jaideep Shekhar, Managing Director, Terex India. Under his astute leadership, the company has achieved remarkable growth, marked by innovation and a commitment to excellence. The jury praised his strategic vision, which has not only propelled the company’s success but also contributed positively to the broader industry landscape.
Receiving the award, Shekhar expressed heartfelt gratitude, stating, “I’m deeply grateful to the jury and Equipment India for this remarkable honour. This award reflects not only my contributions but also the dedication and hard work of my team. I have been associated with the industry for more than 25 years and this award motivates me to keep pushing boundaries and to lead the growth
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The award presentation was made all the more special by the presence of previous winners of the Equipment India Persons of the Year, including Vipin Sondhi, former MD and CEO, JCB India (Equipment India Person of the Year 2013); Sandeep Singh, Managing Director, Tata Hitachi Construction Machinery (Equipment India Person of the Year 2015); and Dimitrov Krishnan, Managing Director, Volvo Construction Equipment India (Equipment India Person of the Year 2013).
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– Sanjay Koul, President- India and South East Asia and Managing Director, Timken India
Concrete
22nd CONSTRUCTION WORLD Global Awards Excellence Revisited!
Published
4 weeks agoon
November 23, 2024By
RoshnaAt the 22nd CONSTRUCTION WORLD Global Awards, over 50 awards in 21categories were presented to industry stalwarts.
The 22nd CONSTRUCTION WORLD Global Awards, was held on October 9 and 10, 2024, at the Jio World Convention Centre, Mumbai, and hosted by infrastructure think-tank FIRST Construction Council in partnership with CONSTRUCTION WORLD (CW) and Equipment India (EI) magazines. Incidentally, the spectacular RAHSTA Expo was India’s first indoor trade fair for construction equipment technology.
Benchmarked to global standards
At the inaugural session, Sanjay Bhatia, Upa-Lokayukta, Government of Maharashtra, along with Vipin Sondhi, Chairman, RAHSTA Expo Committee, and Pratap Padode, Founder, FIRST Construction Council, inaugurated the RAHSTA Expo. Expressing delight at the huge display of construction technology, Bhatia said, “The expo has put the construction industry on an international standard. India is experiencing nation-building at a robust pace and I am truly impressed with the work now being done by our youth with their startups, many of whom are showcasing their innovation here.”
Special bytes
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“I am thrilled to accept this award on behalf of Century Ply,” said Anup Mangaserri, Chief Executive Officer – Laminates, Century Plyboards India.
“It’s an honour to be recognised and I extend my heartfelt thanks.”
“Tata Consulting Engineers has made significant strides in nation-building projects in India and
high-impact engineering efforts abroad,” said BR Parthasarathy, Senior Vice President and Head – Infrastructure Cluster, Tata Consulting Engineers (TCE), sharing his pride in receiving the ENR Award. “This recognition underscores our global capabilities and we are honoured to be part of this journey.”
For his part, Sarat Chandak, CEO, H&R Johnson, said, “We are truly delighted to receive this award as the most admired brand in the construction world. This recognition reflects the dedication and hard work of the brand over its six-year journey in India. Thank you for acknowledging our efforts.”
And Sandeep Desai, Executive Director, and Ananta Rayaprolu, Director, Afcons Infrastructure, noted, “This is a proud moment for the entire Afcons team to have this particular trophy and prestigious award. Afcons has always been at the forefront of extreme engineering, and we are really happy for this acknowledgment, which motivates us to continue pushing the boundaries of innovation.”
Joining the chorus of gratitude, Manish Kumar, Executive Vice President, ITD Cementation, stated, “It is an incredible honour to receive this award and to be here for this event, which is very well organised. Being recognised among the best of our peers in the industry is truly a privilege. I accept this on behalf of my team and company and we are deeply grateful for this recognition.”
Many winners addressed the efforts that led to their recognition. “We are extremely proud and thankful that our founder has received the CW Person of the Year (Private Sector) award,” said Hardik Agrawal, Director, Dineshchandra Agrawal (DRAIPL). “This recognition reflects the relentless efforts of the entire Dinesh Chandra Group. We are deeply motivated by this honour and we thank the CONSTRUCTION WORLD Global Awards for this acknowledgment.” And Lalit Chhabra, Managing Director, PINI India, added, “It is a tremendous honour to receive this award. We are delighted that our global efforts have been recognised. This is a testament to what we have done in the past and our hard work. We look forward to improving our ranking in the years to come.”
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This collection of leaders from different sectors was a showcase of the diversity and excellence celebrated by these prestigious awards, marking significant milestones in their respective industries.
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An event to remember Another highlight of the event was the launch of Pratap Padode’s book, Tarmac to Towers – India’s Infrastructure Story.
Indeed, in keeping with tradition, the annual CWGA Awards ceremony was a memorable celebration of architectural achievements and a platform for dialogue on critical issues affecting the construction industry.