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Cement market bullish

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According 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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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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