Economy & Market

Cement companies set to gain in coming months | Deutsche Bank

Published

9 years ago

September 22, 2016

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A recovery in demand on the back of a good monsoon this year and low capacity additions are likely to reflect in the earnings of cement companies, leading to a re-rating of shares of these firms, according to a Deutsche Bank sector note. Shares of most cement producers such as India Cements, Ambuja Cements, ACC and UltraTech Cement were trading with gains in the range of 1 to 4 per cent.
In its sectoral analysis, Deutsche Bank said that the progressive distribution of rainfall in the country augurs well for the sector in the second half of the current fiscal after a weak demand in August in the range of 2 to 4 per cent. An update by the official weather forecaster of India puts the rainfall at 95 per cent of the average for the period June 1 to September 11, 2016.
However, most players agree that rainfall across most parts of the country has been normal and this has raised hopes of a pick-up in housing demand across rural parts, Tier-2 and Tier-3 cities in the second half of this year," Chockalingam Narayanan, research analyst at Deutsche Bank, said in his note.
The second boost is expected from the pick-up in roads. "Road construction activity has remained strong, barring the normal slackness seen in the monsoon season. In this scenario, we maintain our demand growth estimate for FY17at 7 per cent – implying an ask rate of 9 per cent demand growth in 2H (October 2016 to March 2017)," he added.
The price dynamics for cement firms in India, the second-largest producer of cement in the world, is also likely to benefit from negligible capacity addition and consequently, supply.
An exception to a fairly stable capacity scenario is in eastern India, with companies such as the Emami Group, ACC, Shree Cements and UltraTech ramping up capacity.
The cement sector went through a tough time till recently on account of weak domestic demand and cheap imports from Pakistan and China

Economy & Market

Celebrating Haryana’s Wrestling Heroes: Nuvoco Concludes 45-Day ‘Sabse Khaas Pehelwaan’ Campaign

Published

2 days ago

May 7, 2025

Roshna

Nuvoco Vistas Corp Ltd., India’s fifth-largest cement group by capacity, successfully concluded the grand finale of ‘Sabse Khaas Pehelwaan’, presented by Nuvoco Duraguard Cement, on May 2, 2025, at New Delhi’s iconic Talkatora Indoor Stadium. The wrestling championship, rooted in Haryana’s rich sporting culture, was a celebration of strength, resilience, and community pride—values that mirror the essence of Nuvoco’s Duraguard Cement brand.

The 45-day campaign attracted over 1,500 participants from all 22 districts of Haryana, culminating in a high-energy finale featuring the top contenders from district-level qualifiers. The competition included freestyle bouts across multiple weight classes for both men and women. The winners were awarded cash prizes of ₹1,00,000 for first place, ₹50,000 for second, and ₹25,000 each for the joint third-place finishers. Notably, champions such as Aakash Kumar (61 kg), Jaideep (74 kg), Anirudh (125 kg), Parveen (53 kg), Neha (62 kg), and Priya (76 kg) will also be featured as micro-market brand ambassadors, deepening Nuvoco’s local engagement.

Chirag Shah, Head of Marketing, Innovation and Sales Excellence at Nuvoco, said, “Sabse Khaas Pehelwaan brought our brand closer to the heart of Haryana by uniting sport, culture, and community. This platform not only showcased remarkable athleticism but reinforced Duraguard Cement’s brand values of strength and durability.”

Manish Kumar, Head of North Sales, added, “Haryana is a vital market for Nuvoco. Through this campaign, we’ve built authentic relationships and increased brand trust at the grassroots level. It has opened new avenues for engagement and sustainable growth.”

The event’s live broadcast, combined with vibrant community events and digital outreach, created a powerful blend of cultural celebration and brand building across one of India’s most dynamic regions.

Concrete

UltraTech Cement boosts capacity with new clinker line

Published

3 weeks ago

April 21, 2025

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UltraTech Cement has commissioned a 3.35 million tonnes per annum (Mt/yr) brownfield clinker line and one of two 2.7Mt/yr cement grinding mills at its Maihar facility in Madhya Pradesh. The second mill is expected to be operational in Q1 of FY2026. The company has also expanded its Dhule (1.2Mt/yr) and Durgapur (0.6Mt/yr) grinding units and inaugurated its first bulk terminal in Lucknow with a 1.8Mt/yr handling capacity.

Concrete

Ambuja Cements gets a new CEO

Published

3 weeks ago

April 21, 2025

Roshna

Ambuja Cements has named Vinod Bahety as its CEO for a three-year term, following Ajay Kapur’s elevation to Managing Director. Bahety, formerly the company’s CFO, brings over 25 years of experience in finance and manufacturing, including a previous role as Group Head of M&A at Adani Group. Other key appointments include Rakesh Tiwary as CFO, Madhavi Isanaka as Chief Digital Officer, Vaibhav Dixit as Manufacturing Head, and Ashwin Raikundaliya as Chief Sustainability Officer.

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