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 %. […]
ICRA reports cement output growth 6.3% in FY18more
By Realty Quarter Bureau Engineering major Larsen and Toubro (L&T) said its subsidiary L&T Construction has bagged orders worth Rs 2,440 crore in the domestic market. “The power transmission and distribution business of L&T Construction has bagged EPC orders worth Rs 2,440 crore,” L&T said in a BSE filing. L&T said it has received an order […]
L&T Construction Bags Orders for Rs 2,440 crmore
By Realty Quarter Bureau Jindal Steel and Power beat consensus estimates for both revenue and net profit in Q4FY18. Revenue grew by 27.3% yoy to Rs8, 599cr (expectation Rs8, 081cr). EBITDA stood at Rs2, 136cr, up 37.7% yoy against estimates of Rs2, 014cr. EBIDTA margin rose by 187bps yoy to 24.8%. Adjusted Net Profit stood […]
Jindal Steel & Power Ltd Posts Consolidated Net Profit of Rs5.5cr in Q4FY18more
By Realty Quarter Bureau Berger Paints India, a decorative paint company, will invest Rs 150 crore to setup a plant in the Sandila Industrial area near Lucknow, Uttar Pradesh, the company said in a media release. “This new plant will address product demands from the Uttar Pradesh–Bihar belt,” said Abhijit Roy, MD & CEO of the company. The […]
Berger Paints will invest 150crore to setup production plant near Lucknowmore
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 […]
Vicat French Cement giant agrees to invest Rs. 1,735crore in Indiamore
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 […]
Cement demand to see 4.5% growth in FY19: ICRAmore
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 […]
Ambuja Cement sees profit in Q3 up to 77% to Rs 478croremore
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 […]
Cement & Steel strongest infrastructure show in a yearmore
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 % […]
Cement demand will rise by 1.5% in 2018 reports: World Cement Associationmore
By Realty Quarter Bureau Asian Paints, which is investing around Rs 5,000 crore as part of expansion plans, said it sees some signs of recovery and is hopeful of better demand conditions in the second half after a challenging first six months of FY18. “There are signs of some recovery towards the latter part of […]
Asian Paints sees boost in second half of FY18: reportsmore
