Cement firms hope for better demand
Cement

Cement firms hope for better demand

After a disappointing second quarter in which margins fell to multi-quarter lows, cement manufacturers will see some relief as cost pressures ease. Analysts believe that a recovery in cement demand and the continuation of price increases will be critical to earnings growth.

Prices for imported coal fell 19 per cent in the last month, according to analysts' data, after remaining elevated at $250-350 per tonne between March and October. Pet coke prices have risen slightly since mid-October, but analysts say they are still 29 per cent lower than first-quarter prices on average.

According to Motilal Oswal Financial Services analysts, the decline in coal and pet coke prices should result in an average cost reduction of at least Rs 150 per tonne in Q3 FY23.

Also read:
East Coast Road in TN to be widened in Rs 70 bn project
SWAMIH fund okays Rs 2.07 bn for stalled Noida project

After a disappointing second quarter in which margins fell to multi-quarter lows, cement manufacturers will see some relief as cost pressures ease. Analysts believe that a recovery in cement demand and the continuation of price increases will be critical to earnings growth. Prices for imported coal fell 19 per cent in the last month, according to analysts' data, after remaining elevated at $250-350 per tonne between March and October. Pet coke prices have risen slightly since mid-October, but analysts say they are still 29 per cent lower than first-quarter prices on average. According to Motilal Oswal Financial Services analysts, the decline in coal and pet coke prices should result in an average cost reduction of at least Rs 150 per tonne in Q3 FY23. Also read: East Coast Road in TN to be widened in Rs 70 bn project SWAMIH fund okays Rs 2.07 bn for stalled Noida project

Next Story
Equipment

Handling concrete better

Efficiently handling the transportation and placement of concrete is essential to help maintain the quality of construction, meet project timelines by minimising downtimes, and reduce costs – by 5 to 15 per cent, according to Sandeep Jain, Director, Arkade Developers. CW explores what the efficient handling of concrete entails.Select wellFirst, a word on choosing the right equipment, such as a mixer with a capacity aligned to the volume required onsite, from Vaibhav Kulkarni, Concrete Expert. “An overly large mixer will increase the idle time (and cost), while one that ..

Next Story
Real Estate

Elevated floors!

Raised access flooring, also called false flooring, is a less common interiors feature than false ceilings, but it has as many uses – if not more.A raised floor is a modular panel installed above the structural floor. The space beneath the raised flooring is typically used to accommodate utilities such as electrical cables, plumbing and HVAC systems. And so, raised flooring is usually associated with buildings with heavy cabling and precise air distribution needs, such as data centres.That said, CW interacted with designers and architects and discovered that false flooring can come in handy ..

Next Story
Infrastructure Urban

The Variation Challenge

A variation or change in scope clause is defined in construction contracts to take care of situations arising from change in the defined scope of work. Such changes may arise due to factors such as additions or deletions in the scope of work, modifications in the type, grade or specifications of materials, alterations in specifications or drawings, and acts or omissions of other contractors. Further, ineffective planning, inadequate investigations or surveys and requests from the employer or those within the project’s area of influence can contribute to changes in the scope of work. Ext..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?