Gold
Shree Cement incurs Rs 6.62 billion profit for Q4; beats expectations
Shree Cement, India's third-largest cement manufacturer by market capitalisation announced a fourth-quarter profit that exceeded, attributing it to increased volumes driven by lower cement prices. Typically, cement companies witness a surge in volumes in the March quarter as they reduce prices to clear year-end inventory backlogs.
Analysts had anticipated that reduced fuel costs would partially offset the decline in prices. Shree Cement's profit for the quarter ending March 31 reached Rs 6.62 billion, surpassing street forecasts of Rs 6.20 billion, as per LSEG data. This marked a si..
UltraTech Cement to Outperform Industry Expectations
UltraTech Cement, one of India's leading cement manufacturers, is poised to exceed industry growth projections in the fiscal year 2025 despite a backdrop of demand moderation. The company's Chief Financial Officer (CFO) remains optimistic about its performance, anticipating a substantial uptick in market share and financial gains.
In a recent statement, the CFO highlighted UltraTech's strategic positioning and operational resilience as key factors driving its anticipated success. Despite broader market challenges, including fluctuations in demand and supply dynamics, UltraTech Cement r..
Ultratech, AM Mining, Others Eye Vadraj Cement
Several major players in the cement sector, including Ultratech and AM Mining, are reportedly exploring the acquisition of Vadraj Cement. This move marks a significant development in the industry, potentially leading to a reshaping of the market landscape.
Vadraj Cement has garnered attention from these companies due to its strategic positioning and market presence. The company's assets and operations are seen as attractive prospects for expansion and consolidation within the sector.
Sources close to the matter indicate that negotiations and due diligence processes are underway a..
Shree Cement incurs Rs 6.62 billion profit for Q4; beats expectations
Shree Cement, India's third-largest cement manufacturer by market capitalisation announced a fourth-quarter profit that exceeded, attributing it to increased volumes driven by lower cement prices. Typically, cement companies witness a surge in volumes in the March quarter as they reduce prices to clear year-end inventory backlogs.
Analysts had anticipated that reduced fuel costs would partially offset the decline in prices. Shree Cement's profit for the quarter ending March 31 reached Rs 6.62 billion, surpassing street forecasts of Rs 6.20 billion, as per LSEG data. This marked a si..
Jaishankar Highlights Mumbai-Ahmedabad Bullet Train Benefits
india's vision of a modern and interconnected transportation network. Foreign Minister S Jaishankar has emphasised the significant benefits of the Mumbai-Ahmedabad bullet train project, citing its potential to revolutionise transportation and boost economic growth. Speaking on the project, Jaishankar highlighted its role in enhancing connectivity, fostering economic development, and strengthening bilateral ties with Japan.
The Mumbai-Ahmedabad bullet train project, a flagship infrastructure initiative between India and Japan, aims to reduce travel time between the two cities from hour..
