Cement Selling Price Hits Ambuja's Bottomline

Lower Cement Prices Hurt Ambuja Cements

Ambuja Cements announced their Q2 results, a synopsis is given below.

Q2 Profits at Rs.226.4 crore.
Dip at 45% over last year same period.
Total income declined to Rs 2,510.5 crore from Rs 2,720.1 crore.
Cement sales increased from 5.88 million tonnes of cement during the quarter, a growth of 1.6 percent compared to 5.79 million tonnes sold in the corresponding period last year despite poor demand for cement.

More data on Ambuja Cements Bottomline.
How lower cement selling prices hurt Ambuja Cements performance.

UltraTech Cement Follows ACC Cement

ACC Cement Sets The Trend

Aditya Birla Group's UltraTech Cement has announced its cement results for the quarter ending June 2015. The salient points are as under:

Consolidated Net Profit : Rs.591 crore as against Rs.628 crore last year.
Drop in net cement profit as against last year : 6 %.
Consolidated Net Sales : Rs.6372 crore as against Rs.5989 last year.
Rise in net cement sales : 6%.
Clinker and Cement sales : 12.14 Million Tonnes as against 11.70 Million Tonnes.

More here on Cement capacity increase and other acquisitions.

Sales of 1 Crore Cement Bags

1 Crore Amma Cement Bags Sold

The Tamil Nadu Government under its Cement Subsidy Scheme has sold over 1 crore cement bags which is just a little over 5 lakh MT in just under 6 months of the scheme being launched.

Amma Cement available at Rs.190/= per bag has till date benefitted 1,33,595 cement consumers, serviced from 470 cement godowns spread over the entire state of Tamail Nadu.

More on Amma Cement

Cement Subsidy

Tamil Nadu Cements Limited

1 Crore Cement Bags Sales

Signs Of Cement Market Revival

Cement Demand Still Weak

Despite signs of revival in the cement markets in India, cement demand still remains lacklustre. The demand for cement in the month of June 2015 was better than the previous three months. The cement Industry is keeping a close watch on the monsoon which will determine the way the rural cement market behaves.

A good monsoon will ensure that the rural markets will have surplus money to spend on housing and other related construction activities. A less than average monsoon will see the rural retail cement markets under pressure as rural spending will be muted.

The cement industry is placing high hopes in the revival in a big way of infrastructure spending by the government in the coming quarter.

More on Cement Demand

ABG Cement

ABG' 5.8 Million Tonne Cement Unit

ABG Cement is a Gujarat based cement company with a 3.3 Million tonne cement clinker plant located at Kutch in Gujarat, and a cement grinding unit based in Surat. Though the original plan was for a 5.8 million tonne cement unit, cost and time over-runs landed the cement company with only a 3.3 million tonne cement clinker unit as of now.

A special report from cement market insiders and cement industry experts give all the details here at ABG Cement

Sanghi Cement Expansion

Sanghi Industries Cement Production Expansion

Sanghi Industries has installed a new 1.2 Million tonne cement grinding unit at the cement company's plant located in Sanghipuram, Abdasa Taluka, Kutch District in Gujarat. With this new cement grinding unit installation, the total installed capacity will go upto 4.1 million tonnes from the existing 2.9 million tonnes.

More reading o this topic below...

Sanghi Cements Expansion

Sanghi Cements Production

Sanghi Cements Production Expansion