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1.HP earns over `130 cr from cement firms

Himachal Pradesh has earned a revenue of more than Rs 130 crore in the past three years from eight cement companies including Gujarat Ambuja Cements.

2.Shares of cement cos under pressure

Shares of cement companies are under pressure after hitting a 52 week high in February. At a time when the benchmark indices have lost a little more than 3 per cent after their latest highs,

3.17 per cent revenue growth for cement firms

Cement companies in Q1FY13 is expected to post re­venue growth of over 17 per cent yoy in the quarter ending June 2012 as volumes grow 9.5 per cent YoY

4.ACC, Ambuja pin hopes on continued demand for cement

Cement companies extended a recent winning streak on continued hopes that cement prices will rise on the back of stronger seasonal-related demand.

5.Cement firms continue growth drive

After a spectacular performance in the last September quarter most of the cement companies continued their good run up on the bourses. The revenues and profitability are being driven by volume growth in high margin white cement as well as grey cement. White cement volume grew good 24.9 per cent year-on-year and 9.4 per cent sequentially in the back of strong demand.

6.Cement firms continue to face challenges

Cement companies continue to face challenges owing to weak demand, rise in production costs and excess capacity. While the demand was expected to pick up last month, the pricing power of cement firms is expected to decline marginally. This has been due to several fresh capacities flowing into the markets in the last few months. The industry plans to add new capacity of about 71 mn tonne in the next two financial years. At present, it has an installed capacity of over 315 mn tonne to cater to t

7.Cement cartelisation: Tribunal adjourns case to Jan 29

The Competition Appellate Tribunal (COMPAT) has started hearings on the plea of 11 cement companies seeking stay on Rs 6,307 crore ($1,160.4 mn) penalty imposed by fair trade regulator Competition Commission of India (CCI) on the grounds of cartelisation.

8.External factors affecting cement demand

Factors such as rains and festivities affect cement demand in India every year from August to November. Even discounts offered by MNC cement companies to meet their year-end targets also lead to reduction in realisations.

9.Cement margins to go up with price hikes: Ladiwala

Cement Stockists and Dealers Association of Mumbai predicts that the margins of cement companies will improve going forward. According the Association president Sanjay Ladiwala cement prices increased from Rs 18-25 across the board.

10.Indian cement firms readying to challenge CCI penalty

The cartelisation charges facing eleven cement companies and a trade body that are being penalised Rs 6,714.83 crore by the Competition Commission of India (CCI) are drawing up plans to question the legality of the case when it comes up for hearing before the Competition Appellate Tribunal (Compat) on 29 January.

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