Latest news with #AmbujaCement
Mint
3 days ago
- Business
- Mint
Cement sector to see tepid Q2FY26 volumes, price gains offer relief: Nuvama
New Delhi [India], August 15 (ANI): India's cement sector is expected to witness subdued volume growth in the second quarter of Financial Year 2026 (Q2FY26) due to seasonal weakness, but improving realisations are offering a silver lining, said a report by Nuvama. The report added that while operating deleverage and higher expenses may pressure margins, softening fuel prices and ongoing cost-efficiency measures by industry players are likely to cushion the impact. "We believe Q2FY26 will witness subdued volume growth on account of a seasonally weak quarter; however, improving realisations have brought cheer to the industry. The sequential dip in realisation and other expenses being higher on account of operating deleverage shall be somewhat negated by softening fuel prices (lag effect) and various cost efficiency measures undertaken by players," the report added. The cement industry showed signs of recovery in the first quarter of FY26, with 15 major companies reporting around 7 per cent growth in sales volumes compared to last year (though volumes were down 11 per cent from the previous quarter). This growth was mainly driven by increased government spending on infrastructure. Ambuja Cement (including its recent acquisitions) and JK Cement led the pack with over 14 per cent volume growth year-on-year. Prices also improved in southern and eastern regions, pushing up the average selling price by about 5 per cent compared to the previous quarter, even though it was slightly lower than the same period last year. Meanwhile, raw material costs dropped by 5 per cent quarter-on-quarter and 15 per cent year-on-year, mainly due to better inventory management. As a result, the industry's profit per tonne (EBITDA/t) improved by 10 per cent quarter-on-quarter and 26 per cent year-on-year, reaching ₹ 1,140 per tonne. Looking ahead, the report added that the monsoon season (Q2FY26) is typically a slow period for construction, so sales may dip. The report further added that the falling fuel costs are expected to help maintain profitability. In August current year, cement prices remained flat compared to the previous month but were stronger on a year-on-year basis. The monsoon season slowed down construction activity, particularly in rural areas and infrastructure projects, leading to weaker offtake and limiting companies' ability to raise or sustain prices.
Hans India
24-07-2025
- Politics
- Hans India
CPM up in arms against Adani's cement plant
Ramannapet ( Yadadri-Bhongir ): CPM State secretary John Wesley has warned that if Adani Group does not withdraw its attempt to establish an Ambuja Cement plant on the outskirts of Ramannapet, it will face strong resistance and another phase of public agitation. On Wednesday, while traveling from Hyderabad to Suryapet, he briefly stopped in Ramannapet and was welcomed by local CPM leaders. Speaking on the occasion, Wesley said that Communist parties will not remain silent if corporate giants like Adani trying to set up polluting industries in green rural areas. He pointed out that despite public opposition during the opinion-gathering process, backdoor attempts were made to push the project forward. He demanded the public opinion report be made transparent and urged the government to officially announce that permission will not be granted. He also stated that a delegation would soon meet the Chief Minister to press for cancellation of the project permissions. Several CPM local leaders accompanied him.
Hindustan Times
02-07-2025
- Business
- Hindustan Times
Punjab GST collections see record 44% jump in June
Punjab registered a record 44% year-on-year growth in net goods and services tax (GST) collection for June 2025 and 27.01% growth for the first quarter of the 2025-26 financial year, said finance and taxation minister Harpal Singh Cheema on Tuesday. Harpal Singh Cheema. Addressing a press conference here, Cheema said that the net GST collection for June 2025 stood at ₹ 2,379.90 crore, reflecting a revenue growth of ₹ 732.21 crore over the ₹ 1,647.69 crore collected in June 2024. 'This follows monthly net growth trends of 15.35% in April and 24.59% in May. During the first quarter, the collection reached ₹ 6,830.40 crore, even amidst the conflict between India and Pakistan in May 2025, compared to ₹ 5,377.75 crore during the corresponding period of 2024-25,' he said, after facilitating the top five taxpayers of the state, including Ambuja Cement, HPCL-Mittal Energy Limited (HMEL), Samsung India Pvt Ltd, Tata Steel and Dada Motors. Launching a scathing attack on the previous SAD-BJP and Congress-led governments, Cheema claimed that while they failed to check tax evasion and improve the state's fiscal health, the AAP government has ensured consistent month-on-month and year-on-year growth. He said the present government registered a GST collection growth rate of 16.25% in FY 2022-23, 15.51% in FY 2023-24, and 12.84% in FY 2024-25, with a total collection of ₹ 62,733 crore in three years. He said that during the Congress regime from 2018-19 to 2021-22, the state merely collected ₹ 55,146 crore. On the recent enforcement activities, Cheema stated that the state intelligence and preventive unit (SIPU) had uncovered a GST fraud syndicate run by an accountant who created and operated 20 fake firms for bogus billing and ITC fraud. Replying to a question, he also stated that the state government recently invested ₹ 1,000 crore each in the guarantee redemption fund (GRF) and consolidated sinking fund (CSF), with the latter now exceeding ₹ 10,000 crore.
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Business Standard
10-06-2025
- Business
- Business Standard
Cement sector to profit from $2.2 trn infra investment by 2030: Karan Adani
The cement industry will be a "key enabler" and is expected to benefit significantly from the approximately $2.2 trillion in investments projected in the infrastructure sector by 2030, said ACC Chairman Karan Adani. ACC Cement, part of Adani Group's cement business, which crossed the 100 MTPA capacity milestone in April 2025, is contributing to India's growth by laying a strong, sustainable foundation for a brighter tomorrow, said Adani in the latest annual report of the company. "The infrastructure sector, vital to realising India's economic ambitions by 2030, is projected to require investments of approximately $2.2 trillion. As a key enabler of infrastructure growth, the cement industry stands to benefit significantly from these investments," he said while addressing the shareholders. The cement sector is set for significant expansion, and its strategic priorities are designed to leverage this potential effectively, he added. ACC is part of Ambuja Cement, which holds the billionaire Gautam Adani-led Adani Group's cement business. "We crossed the 100 MTPA cement capacity milestone in April 2025, propelling us closer to our ambitious 140 MTPA target by FY 2027-28. As India's fastest-growing cement business, we are contributing to its growth by laying a strong, sustainable foundation for a brighter tomorrow," Karan Adani said. Moreover, he further said Adani Group's market leadership in various allied sectors is proving transformative for ACC, driving synergies across logistics, procurement, and market expansion. "By leveraging the Group's extensive infrastructure, including ports, railways, and road networks, ACC has achieved significant cost efficiencies, streamlined operations, and enhanced delivery speed," he said. Moreover, access to Adani Group's vast energy and mining resources ensures a steady supply of raw materials at nominal costs, strengthening ACC's competitive edge. The group also intends to increase the Master Supply Agreement (MSA) between Ambuja Cement and ACC for the supply of cement, clinker, and raw materials, which helps in the reduction of operational costs. "Furthermore, we intend to maximise the value we create through synergies within the Adani ecosphere, MSA with the parent Ambuja Cements Limited and several strategic expansions of our business through the addition of raw material reserves, greenfield and brownfield growth," he said. Moreover, ACC is also embracing digitalisation and sustainability, integrating advanced technologies to enhance operational efficiency and pushing towards ESG targets. "As we move forward, we remain committed to delivering exceptional value, driving innovation, and contributing meaningfully to India's growth and progress," said Karan Adani. Adani Group, a late entrant in the cement sector, now contributes to nearly 30 per cent of the cement used for India's homes and infrastructure. The annual report expects growth to continue for the Indian cement sector, with a further increase of 6-7 per cent annually, to reach 475-480 million MT by FY 2025-26. The Indian cement sector has an installed capacity of 686 MT.
Time of India
10-06-2025
- Business
- Time of India
ACC on track to build 30% of India's future? Karan Adani responds
Karan Adani , Chairman of ACC Cement , underscored the pivotal role of the cement industry in powering India's infrastructure-led growth, fueled by an estimated USD 2.2 trillion investment pipeline through 2030. In his address to shareholders via the company's latest annual report, Adani positioned ACC — a core part of the Adani Group 's cement business — as a key enabler in building the nation's economic ambitions. 'We crossed the 100 MTPA cement capacity milestone in April 2025, propelling us closer to our ambitious 140 MTPA target by FY 2027-28,' said Adani, highlighting the group's rapid ascent in the cement sector. 'As India's fastest-growing cement business, we are laying a strong, sustainable foundation for a brighter tomorrow.' Adani emphasised that the Indian cement industry stands to gain significantly from the country's infrastructure boom. ACC, which operates under Ambuja Cement — also part of the Adani Group — is poised for significant expansion by aligning its strategic priorities with the massive growth potential ahead. Key growth accelerators include integration within the wider Adani Group ecosystem. 'Our market leadership in logistics, procurement, energy, and mining is proving transformative for ACC,' he stated. Leveraging the group's infrastructure — from ports and railways to road networks — has allowed ACC to streamline operations, improve delivery speed, and reduce costs. Additionally, ACC benefits from a steady, low-cost supply of raw materials thanks to the Group's extensive resources, further enhancing its competitiveness. The Group plans to deepen the Master Supply Agreement (MSA) between Ambuja Cement and ACC, fostering greater cost efficiencies through shared supply chains and raw material management. Live Events Looking ahead, ACC aims to drive growth through a combination of greenfield and brownfield expansions, increased reserves of raw materials, and deeper integration with the Adani ecosystem. Sustainability and digitalisation are also cornerstones of this growth, with the company embracing advanced technologies and ESG commitments to future-proof its operations. Adani concluded with a forward-looking vision: 'We remain committed to delivering exceptional value, driving innovation, and contributing meaningfully to India's growth and progress.' With the Indian cement industry expected to grow at 6–7% annually to reach 475–480 million MT by FY 2025–26, and a national installed capacity already at 686 million MT, the momentum is set — and ACC, under Karan Adani's leadership, is positioned to be at its forefront. Economic Times WhatsApp channel )
