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1.The Hyderabad-based company gets Sebi nod for Rs 15.50 billion IPO

Hyderabad-based Penna Cement has received an approval from Sebi to proceed with its Rs 15.50 billion IPO.


2.Resilient demand, moderate capacity addition, tapering costs

India Ratings and Research (Ind-Ra) has maintained a stable outlook on the cement sector for FY2020.


3.Cement firms with north or central exposure better off

Cement companies having substantial exposure to northern and central India are expected to report stronger earnings in growth as compared to pan-India firms.


4.Cement companies set to gain in coming months

A recovery in demand on the back of a good monsoon this year and low capacity additions are likely to reflect in the earnings of cement companies, leading to a re-rating of shares of these firms, according to a Deutsche Bank sector note.


5.Innovation needed in cement companies

According to a report by Carbon Disclosure Project (CDP), three Indian cement companies have significantly reduced emissions among the top 12 producers of the building material in the world.


6.East to contribute to cement production

The country´s eastern region will account for close to one-third of the new cement production capacity over the next two fiscals. Of the total 46.7 mn tonne of new capacity due to come up over this period, the eastern region will contribute 32 per cent, to be followed by the northern region at 23 per cent. In the past two years, there was no capacity addition in the eastern part, which recorded capacity utilisation in the range of 75-80 per cent. Over the next two fiscals, large cement companies


7.Fastest Growing Cement Companies 2013

Construction World ranks Fastest Growing Cement Companies 2013


8.Cement firms look for green pastures in Telangana

As the formation of separate Telangana state out of Andhra Pradesh seems to be imminent, cement companies expect to garner about one lakh crore rupees worth business in the proposed new state. The cement companies say the new state will require to build a new capital of its own comprising a legislature house, secretariat, high court, housing facilities for government employees and other constructions.


9.Hearing on cement firms' cartelisation

In the cartelisation case of cement companies, the Competition Appellate Tribunal (COMPAT) was scheduled to resume its hearing on March 13 over a batch of petitions filed by cement firms seeking stay on Rs 6,307-crore penalty imposed by fair trade regulator CCI on the grounds of cartelisation.


10.Indian cement sector margins to expand

On the back of price increases and demand improvement for cement, margins in India's cement sector should expand over the next two years, says Credit Suisse.