Cement shares on a roll

04 Feb 2021 Editorial Team

Cement manufacturer shares rocketed this week, with industry giants Ambuja Cements, Shree Cement, UltraTech Cement, Grasim Industries and ACC rising to 8% on the Bombay Stock Exchange (BSE) as the union budget provided a sharp increase in capital expenditure (capex) allocation, and even though real estate received only a mention in the “affordable” segment.

The major thrust on infrastructure spending by the Centre in the Budget 2021 comes as a boost for construction materials such as steel and cement. A higher allocation towards capital expenditure focusing on infra, roads, and railways is expected to offer a significant growth impetus to the economy, as per analysts.

UltraTech Cement hit a record high of Rs 6,180 among individual stocks, after rallying 8% on the BSE. The stock crossed its previous high of Rs 5,832 in January 2021.

Shree Cement hit a new high of Rs 26,500 too, up 8%, trading above its previous high of Rs 25,980 touched January. Ambuja Cements and Grasim Industries were up 7%, while Ramco Cements and ACC were up 6% each on the BSE.

To know current cement prices click here

Image Source

4th Indian Cement Review Conference 2021

17-18 March

Click for event info

Make in Steel 2021

24 February

Click for event info

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..