Economy & Market

India Ratings maintains stable outlook for cement firms for FY18

Published

8 years ago

March 1, 2017

admin

India Ratings and Research has maintained a stable outlook on cement manufacturers for financial year 2017-18 due to stable demand growth, despite an increase in input cost. The rating agency also expects cement prices to go up during FY 2017-18 on stable demand.
"Ind-Ra expects stable cement demand to enable cement manufacturers to pass on increases in cost during FY18," the ratings agency said.
It expects the credit profile of cement manufacturers to remain stable on stable operating profitability and in the absence of debt-led capex. The operating profitability of cement manufacturers in the next financial year will be around the FY16 and estimated FY17 levels on increase in government expenditure, according to the agency.
The ratings agency has revised down its growth estimates for the cement industry to 3-3.5 per cent in the current financial year from 4-6 per cent earlier due to a drop in demand due to demonetisation.
It, however, expects the cement industry to grow 4-5 per cent year-on-year in the next fiscal, driven largely by demand from infrastructure activities and a revival in housing demand in rural areas, both led by government spending.

Concrete

Cement industry to gain from new infrastructure spending

Published

1 week ago

July 24, 2025

admin

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

1 week ago

July 24, 2025

admin

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.

Image source:https://img-s-msn-com.akamaized.net/tenant/amp/entityid/AA1zOrih.img?w=2000&h=1362&m=4&q=79

Concrete

GoldCrest Cement to build plant in India

Published

1 week ago

July 23, 2025

admin

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.