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Cement market up

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Cement markets have performed well over the past year, gaining the share market with most cement company shares looking up.

With infrastructure development in full swing in India, the cement sector stands to gain by the demand for cement in India. Markets have performed well over the past one year with Sensex delivering approximately 2.90 per cent over a one year period and almost 7.50 per cent on YTD basis.

Even as broader markets struggled to gain in double digits, three cement stocks have more than doubled in one year time frame. Kakatiya Cement Sugar & Industries Ltd (KCSI), Shiva Cement Ltd, and Deccan Cements Ltd, are the three stocks that have gained more than 100 per cent in one year time frame.

From Oct-15 to Oct-16 period KCSI has gained almost 226 per cent, Shiva Cement Ltd 147 per cent and Deccan Cement-128 per cent.

The other cement stocks that did well by generating more than 50 per cent returns over one year are Shree Digvijay Cement Company Ltd, Ramco Industries Ltd, OCL India Ltd, Burnpur Cement Ltd, Sainik Finance & Industries Ltd, Century Textiles & Industries Ltd, Heidelberg Cement India Ltd, Mangalam Cement Ltd, and Barak Cement Ltd.

(Source: PM)

ICICI Direct is bullish on UltraTech Cement and has recommended buy rating on the stock with a target price of Rs 4,600 in its research report. UltraTech Cement announced its Q2FY17 results that are not directly comparable due to adoption of new accounting standard (IND-AS). Under the new accounting standard, the company reported sales including excise duty. Hence, optically revenues look significantly higher than estimates (Rs 6,134.6 crore as against the estimated Rs 5,502.8 crore).

After adjusting for excise duty, revenues of Rs 5,397.9 crore are in line with the estimated figure. However, the EBITDA and PAT were above estimates mainly due to lower than anticipated power cost and higher than anticipated other income (IND AS impact). Revenues during the quarter declined 2.3 per cent year-on-year (YoY) to Rs 5,397.9 crore due to 3.1 per cent YoY decline in realisation (Rs 4,828 per tonne against the estimated Rs 4,804 per tonne), partly offset by 0.8 per cent YoY growth in volumes (11.2 MT as against the estimate of 11.5 MT) EBITDA per tonne increased 17.6 per cent YoY to Rs 978 per tonne (against estimateed Rs 900 per tonne) in Q2FY17, led by lower power and fuel cost per tonne and freight cost per tonne. The cement sector is poised to witness robust growth in the coming years, led by: improving demand, slowdown in capacity addition and consolidation. UltraTech being a pan India player makes it a key beneficiary of this upturn. Further, improving realisation and the companyGC?s focus on cost rationalisation is expected to aid margins. With the industry-leading growth, higher margins and healthy balance-sheet, maintain our positive view with a target price of Rs 4,600 per share (at 20.0 x FY18E EV/EBITDA).

(Source: ICICI Direct)

JK Lakshmi Cement plans to raise up to Rs 500 crore through private placement for which it will seek shareholders approval. The Board shall consider issue of non-convertible debentures (NCDs) of up to Rs 500 crore, in one or more tranches, on private placement basis subject to requisite approval of the shareholders, according to the company. Part of the $4 billion JK Group, JK Lakshmi Cement operates integrated cement facilities at Sirohi (Rajashthan), Durg (Chhatisgarh), Kalol and Surat (Gujarat) and Jharli (Haryana).

At present, it produces 8.4 million tonne annually and its capacity is scheduled to go up to 12 million tonne per annum shortly.

(Source: Moneycontrol)

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Concrete

Wonder Cement appoints Mahesh Singh as VP Corporate Brand Communication 

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Singh brings 20+ years of brand and marketing experience, and will lead integrated corporate brand communication initiatives at Wonder Cement 

New Delhi

Wonder Cement, a leading cement manufacturer, has appointed Mahesh Singh as Vice President – Corporate Brand Communication. In his new role, he will oversee corporate brand strategy and communication, including digital and performance marketing, public relations, trade, events, exhibitions, sports and experiential marketing. 

Singh brings over two decades of experience across marketing and communications, with roles spanning the automotive industry, agencies and entrepreneurship. He spent more than a decade with Honda Motorcycle & Scooter India, working across integrated communication, media, digital, retail and consumer engagement. His stint also included helping build the company’s digital marketing capabilities. 

He moved to dentsu X India as Vice President – Strategy & Planning, working across categories such as automotive, auto components, electric vehicles, FMCG, consumer electronics, BFSI, apparel and brand consulting. His responsibilities included media and marketing strategy, product launches, content, performance marketing and consumer activations. 

Singh subsequently took an entrepreneurial route with Radiant Brands before joining Shriram Ltd (SPR Autotech) as Head – Marketing & Communications. There, his remit included brand and corporate strategy, communications, PR and ORM, retail identity, loyalty programmes and events. 

At Wonder Cement, Singh will be responsible for bringing together the company’s corporate brand communication initiatives across digital, performance marketing, PR, trade, sports and experiential platforms. The role will focus on creating an integrated approach to communication across consumers, trade partners and other key stakeholders. 

The appointment brings to Wonder Cement a marketer whose career has spanned the brand, agency and entrepreneurial sides of the communications ecosystem. 

Wonder Cement, part of the RK Group, is a cement manufacturer with roots in Rajasthan and a focus on quality, trust and transparency. The company has grown to six manufacturing plants, and a cement capacity of 21.5 MTPA. With more than 2,000 employees and a network of over 5,000 dealers, its operations span manufacturing, distribution and customer engagement, with a focus on consistent product quality and efficient execution. 

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Concrete

JSW Cement commissions additional 1 MTPA grinding unit at Nagaur

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With this commissioning, JSW Cement’s total cement grinding capacity has increased to 25.10 MTPA, 
Mumbai

JSW Cement, one of India’s leading green cement producers and part of the diversified JSW Group, today announced the successful commissioning of an additional 1.00 MTPA cement grinding unit at Nagaur, Rajasthan. The commissioning marks another significant milestone in the Company’s growth strategy.

With this commissioning, JSW Cement’s total cement grinding capacity has increased to 25.10 MTPA, while its total clinker manufacturing capacity, including clinker capacity at its joint venture, JSW Cement FZC, stands at 9.74 MTPA.

JSW Cement had commenced operations in North India in March 2026 with the Nagaur Integrated Plant, comprising a 3.30 MTPA clinkerisation unit and 2.50 MTPA cement grinding unit. With the commissioning of the additional 1.00 MTPA cement grinding unit, the plant’s total cement grinding capacity has increased to 3.50 MTPA, enhancing the company’s ability to cater to the growing cement demand across Rajasthan, Haryana, Punjab and the National Capital Region (NCR). The expansion has been funded through a strategic mix of equity and long-term debt.

During the quarter ended 30th September 2026, JSW Cement has also commissioned the Alternate Fuel Handling System and the Waste Heat Recovery system (WHRS) at the Nagaur Integrated Plant.

Nilesh Narwekar, CEO, JSW Cement, said: “The commissioning of additional 1.00 MTPA grinding capacity at Nagaur is a key strategic priority for us and will accelerate JSW Cement’s expansion into North India. We look forward to servicing the growing needs of the region and contributing to the economic growth of Rajasthan, Haryana, Punjab and the NCR area. I am delighted to share that the company has commissioned this grinding unit within the expected timeline, showcasing our project execution capabilities. Further, the Alternate Fuel Handling System and the Waste Heat Recovery system (WHRS) are expected to substantially reduce our production costs going forward.”

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Concrete

UltraTech becomes first Indian cement firm to cross 2 GW green energy

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UltraTech Cement has crossed 2 GW of captive green energy capacity, with renewables and waste heat recovery meeting 48 per cent of its power needs.

Mumbai

UltraTech Cement Limited has surpassed 2 GW of installed green energy capacity for captive use, becoming the first cement company in India to achieve the milestone. The Aditya Birla Group company commissioned 116.55 MW of wind capacity at its Inter-State Transmission System-connected wind-solar hybrid project in Barmer, Rajasthan, along with 10 MW of Waste Heat Recovery System capacity at Sarlanagar Cement Works in Karnataka.

With these additions, UltraTech’s cumulative installed green energy capacity has reached 2,024 MW. This includes 1,580 MW of renewable energy capacity and 444 MW of waste heat recovery capacity, together meeting around 48 per cent of the company’s current power requirements.

The company said the milestone reflects the progress of its long-term energy transition strategy. In FY27 so far, nearly one-third of UltraTech’s 76 manufacturing units in India have maintained green energy utilisation above 50 per cent of their electricity requirements, while five units have crossed 95 per cent.

K C Jhanwar, Managing Director, UltraTech Cement Limited, said, “Crossing the 2 GW green energy milestone is the result of a strategy we have pursued consistently over the past decade. Cement is an energy-intensive, hard-to-abate sector, and showing that reliability and growth can go hand in hand with a rapid shift to green energy sets a benchmark for the industry. With nearly half of our power needs now met through green energy, we are significantly less exposed to fossil fuel supply constraints and power price volatility. As we scale up renewables, waste heat recovery and battery storage across our operations, we are building an energy foundation for stable, long-term growth.”

UltraTech commissioned 430 MW of green energy capacity in FY26 and continues to expand its renewable energy and waste heat recovery portfolio.

The company is also progressively integrating Battery Energy Storage Systems across its operations to improve renewable energy utilisation and supply reliability.

In 2025, UltraTech operationalised what it described as India’s first on-site hybrid round-the-clock renewable energy project at Sewagram Cement Works in Gujarat. The project combines solar, wind and battery storage.

As part of its decarbonisation strategy, UltraTech said it has not invested in new captive thermal power capacity for either greenfield projects or brownfield expansions at its integrated units for more than a decade.

The company said its expanding green energy portfolio is helping reduce dependence on conventional grid electricity and fossil fuel-based power, while lowering exposure to fluctuations in coal and electricity prices.

UltraTech aims to increase green energy’s share in its total power mix to 85 per cent by 2030. As a member of RE100, it has also committed to meeting 100 per cent of its electricity requirement through renewable sources by 2050.

UltraTech Cement, the cement flagship of the Aditya Birla Group, has a total grey cement capacity of 210.1 MTPA and white cement and putty capacity of 3.5 MTPA. The company is also a signatory to the GCCA Climate Ambition 2050 and has committed to the GCCA Net Zero Concrete roadmap.

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