In a research note, rating agency CRISIL said new home sales may decline 400 basis points (bps) and volume growth for steel and cement may shrink about 100 bps owing to the liquidity tightening measures of the Reserve Bank of India (RBI). In order to stabilise rupee exchange rate against dollar, RBI raised short-term interest rates and restricted amount that bank
Tag: Cement
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Govt to reject bid of ABG Group
Media reports indicate that the Kerala government decided to reject the sole bid of ABG Group to develop a cement terminal at Azhikkal port in Kannur at a cost of Rs 120 crore. Reports indicate that the government decided to reject the bid on certain technical grounds including disagreement on the revenue share offered by the company
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Cement firms bet big on govt projects ahead of election
Some industry players and analysts feel that demand for cement may rise in the coming months as government expedite key construction projects ahead of Lok Sabha election. VP Sharma, Chief Operating Officer of Dalmia Cement said the oversupply situation still persists but since elections are next year, a slew of measures by the government may turn
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Credit Suisse expects better prospect for cement firms
In the next two years, prospect of cement companies may improve as supply pressure eases and demand rises, a research report by Credit Suisse shows. Cement firms have been battling supply glut because of excess capacity, which was built in anticipation of strong demand from the infrastructure projects
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Case Study: The North East challenge
Building roads in the North-East, as many infrastructure firms are discovering, is literally an uphill task. S S Raju shares experiences about local issues and the suggestions for resolving them.
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Poor infra growth pulls down steel demand
The tapering demand from sectors such as power, infrastructure and real estate affected the demand for steel.
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Cement industry loses Rs 40 cr from bad rail infra
Cement will grow exponentially over the next 40 years, so we should be more worried about 2050 than about 2009, said Rajiv Mehta, Executive President, Ultratech Cement.