Concrete

Cement producers tried a 5% hike pan-India, led by sharper increases

Published

3 years ago

May 17, 2022

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Cement producers tried a 5% hike pan-India, led by sharper increases

As per the dealer checks by Kotak Institutional Equities, cement producers tried a Rs 15-20 a bag (5 per cent) hike pan-India, led by sharper increases in the south and the east for April. Only a part of this would get absorbed and more such hikes could be attempted in the coming weeks, it said.

Cement prices are set to go up as costlier Asian thermal coal and higher gas price outlook in Europe are likely to swell expenses for cement manufacturers. Power and fuel costs are likely to increase by 10 per cent in the April-June quarter because of a steep rise in coal and pet coke prices in March.

Cost inflation, muted volume growth and inadequate price hikes led to margin contraction for the quarter ended March.

UltraTech reported flat volumes and its power and fuel costs were higher than pan-India peers ACC and Ambuja Cements. Yet, its operating profit per tonne fell the least. Higher prices of petcoke and coal usually reflect in the financials of the cement makers after a lag of 30-45 days.

Margins contracted for ACC and Ambuja as their costs rose. Price hikes in a seasonally strong quarter did offset pressure to an extent.

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Concrete

Star Cement launches ‘Star Smart Building Solutions’

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6 days ago

June 17, 2025

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Star Cement has launched ‘Star Smart Building Solutions,’ a new initiative aimed at promoting sustainable construction practices, as per a recent news report. This venture introduces a range of eco-friendly products, including tile adhesives, tile cleaners and grouts, designed to enhance durability and reduce environmental impact. The company plans to expand this portfolio with additional value-added products in the near future. By focusing on sustainable materials and innovative building solutions, Star Cement aims to contribute to environmentally responsible construction and meet the evolving needs of modern infrastructure development.

Image source:https://www.starcement.co.in/

Concrete

Nuvoco Vistas reports record quarterly EBITDA

Published

6 days ago

June 17, 2025

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Nuvoco Vistas reported its highest-ever quarterly consolidated EBITDA of Rs.556 crore in Q4 FY25, with annual EBITDA at Rs.1,391 crore. Cement sales reached 19.4 MMT in FY25, with Q4 contributing 5.7 MMT. Revenue rose 4 per cent YoY to Rs.3,042 crore in Q4. Net debt reduced by Rs.390 crore to Rs.3,640 crore. The company received NCLT approval for acquiring Vadraj Cement, targeting 31 MMTPA capacity by FY27. Key marketing initiatives, expanding RMX and MBM businesses, and a focus on sustainability (457 kg CO2/tonne) drove performance. Nuvoco remains focused on premiumisation, operational efficiency, and market expansion.

Image source:nuvoco.com

Concrete

UltraTech Cement increases capacity by 1.4Mt/yr

Published

6 days ago

June 17, 2025

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UltraTech Cement has expanded its production capacity by 1.4 million tonnes per annum (Mt/yr) through a combination of debottlenecking efforts and operational efficiency upgrades across several of its plants. The enhancements include an addition of 0.6Mt/yr in grinding capacity at the Nagpur facility in Maharashtra and a combined 0.8Mt/yr at the Panipat and Jhajjar units in Haryana. With these upgrades, the company’s total domestic grey cement capacity has risen to 184.8Mt/yr, while its global capacity now stands at 190.2Mt/yr.