According to research by CRISIL Ratings, cement consumption is predicted to increase at a slower rate of 7-8% on-year to over 475 million tonnes (MT) this fiscal, following a compound annual growth rate of almost 11% between fiscal 2022 and 2024. Nonetheless, it stated that cement companies’ operating profitability is probably going to remain above…
Stocks of cement companies have increased as a result of better demand driving up prices and lowering input costs. Cement prices across all of India have increased by 2% on average. Last month, prices increased by 4% in the Eastern region, where increases have already occurred three months in a row, and by 2% in…
UltraTech Cement, an Aditya Birla Group company, plans to invest ₹12,886 crore to add capacity of 22.6 million tonnes per year with a mix of brown-field and green-field expansion across the country. The fresh capacity addition comes at a most competitive cost of $76 per tonne. Over completion of the latest round of expansion, the…
Indices rise further as positive pharma and metal stocks rise as auto stocks rise to boost overall performance. The BSE Sensex is currently trading at 49,525.29, up 318.82 points, or 0.65%. The Nifty 50 is currently trading at 14,943.95, up 120.80 points or 0.81%. The Nifty Bank was up 0.66% at 33,123.20 and the Mid…
