Be it a high-rise apartment in the suburbs or a bungalow in a quiet corner of the city, Indian homes always reflect an elegant look a vibrant presence. When it comes to interior decor, Indian homes are based more on the rich heritage. With time, Indian home owners have also adapted the innovative, and inspiring designing concepts to make their […]
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By Realty Quarter Bureau Shree Cements today informed that it has incorporated two step-down subsidiaries in Dubai International Financial Centre, which would act as investment companies for the group. Shree Global FZE, a wholly-owned subsidiary of the company in Jebel Ali Free Zone, Dubai, has incorporated Shree Enterprises Management and Shree International Holding. The two incorporated companies will act as investment companies for acquiring […]
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By Realty Quarter Bureau The domestic cement sector is expected to post a 6% growth in FY2019 with growth momentum likely to sustain though input costs like power, fuel and freight expenses are likely to put pressure on the operating profitability of cement companies in the coming quarters, ratings agency ICRA has said. Domestic cement production was higher by 6.3% at 298 million tonnes […]
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By Realty Quarter Bureau By improving demand, domestic cement output grew 6.3 per cent to 298 million tonne (MT) in 2017-18, according to credit rating firm Icra. It also said that going by the prevalent trend, the growth momentum is expected to continue in the current financial year and the industry is likely to report a growth of 6 %. “In 2017-2018, cement production registered […]
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By Realty Quarter Bureau French Euro 2.5 billion cement giant Vicat group will invest Rs 1,735crore (223 million euros) in the Indian cement sector involving both brownfield expansions and Greenfield projects. The Vicat group chairman Guy Sidos, who was part of the team of French industrialists accompanied France President Emmanuel Macron to India, has signed two memoranda of understanding to this effect in Delhi on Saturday. […]
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By Realty Quarter Bureau For the ongoing fiscal, ICRA said, demand is expected to grow around 3 per cent based on current trends as in December 2017, production increased 8.4 per cent month-on-month. Cement demand in India is likely to grow about 4.5 per cent in 2018-19 on the back of pick-up in housing segment, and higher infrastructure spend, rating agency ICRA said […]
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By Realty Quarter Bureau Part of the Swiss cement giant LafargeHolcim, the company had clocked a net profit of Rs 270.08 crore in October- December a year-ago, Ambuja Cement reported Ambuja Cement yesterday reported 77.12 per cent increase in consolidated net profit to Rs 478.39crore for the third quarter ended December 31, helped by volume growth and increased clinker production. […]
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By Realty Quarter Bureau The index of eight core industries rose 6.8% in November, the government data showed, riding high on growth in cement and steel sectors India’s infrastructure sector logged the highest growth in more than a year in November, while the country’s biggest carmakers reported double-digit sales growth in December, kicking off the New Year on a positive […]
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By Realty Quarter Bureau The head of World Cement Association reported the global demand for cement is back on upward scale after years of downslide as developed markets recover in Europe and United States. Pent-up demand in developed markets will increase global cement consumption by 1.5% next year, following an expected increase of 1 % in 2017, Emir Adiguzel said. […]
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