Economy & Market

Cement Cos may post poor earnings – Reports

Published

15 years ago

January 10, 2011

admin

Firm raw material prices and subdued cement prices owing to weak demand may play spoilsports on the financials of the cement companies in the second quarter of 2011-12. While the monsoon months are not the best for cement demand in India, stagnating infrastructure projects and sluggish demand in the real estate sector have hurt cement companies. Going by the demand scenario in the real estate market, cement demand may not revive significantly to improve utilisation. Analysts expect the sector to remain volatile this year and the next, as the first and second quarters would remain subdued and the third and fourth would see good demand. But some analysts expect revival of demand going forward. According to channel checks by Deutsche Bank’s global markets research team, many wholesalers or retailers and marketing personnel are seeing significant new inquiries for cement deliveries in the second half of 2011-12. The Bank estimates at least 8 per cent growth in the second half of 2011-12, followed by a 9 per cent (estimated) CAGR in 2012-14.

Concrete

CCU testbeds in Tamil Nadu

Published

3 weeks ago

August 12, 2025

admin

Tamil Nadu is set to host one of India’s five national carbon capture and utilisation (CCU) testbeds, aimed at reducing CO2 emissions in the cement industry as part of the country’s 2070 net-zero goal, as per a news report. The facility will be based at UltraTech Cement’s Reddipalayam plant in Ariyalur, supported by IIT Madras and BITS Pilani. Backed by the Department of Science and Technology (DST), the project will pilot an oxygen-enriched kiln capable of capturing up to two tonnes of CO2 per day for conversion into concrete products. Additional testbeds are planned in Rajasthan, Odisha, and Andhra Pradesh, involving companies like JK Cement and Dalmia Cement. Union Minister Jitendra Singh confirmed that funding approvals are underway, with full implementation expected in 2025.

Image source:https://www.heavyequipmentguide.ca/

Concrete

JSW Cement gears up for IPO

Published

3 weeks ago

August 12, 2025

admin

JSW Cement has set the price range for its upcoming initial public offering(IPO) at US$1.58 to US$1.67 per share, aiming to raise approximately US$409 million. As reported in the news, around US$91 million from the proceeds will be directed towards partially financing a new integrated cement plant in Nagaur, Rajasthan. Additionally, the company plans to utilise US$59.2 million to repay or prepay existing debts. The remaining capital will be allocated for general corporate purposes.

Concrete

Cement industry to gain from new infrastructure spending

Published

1 month 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/