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Tweets

The Cement Mystery

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Excerpts

Govt channels its inner Vinod Khanna to tackle Cement Cartel

“Tum jis school mein padhte ho hum uske headmaster rah chuke hain…”
Vinod Khanna in Haath ki Safai

 

Government scored a tactical victory over cartelization by cement manufacturers on Tuesday as it put up a list of 36 companies committing to supply 95 lakh tonnes of the construction material during this year at price up to Rs 180 per bag. These companies will supply cement from 103 factories spread over the country and the material can be bought for building roads, affordable housing, irrigation projects, drain and other civil works by Centre, state and local governments.

Announcing this road transport minister Nitin Gadkari said that the manufacturers won’t increase their price for the next one year and a few of them are likely to fix this price for the next three years. “After taking consent of the manufacturers we have put the list on a dedicated website, which any company or government agency can access to book their orders. Since the factories are spread all over the country, they can make the best choice. As per the contract, manufacturers can only reduce the price and increase their commitment to supply more cement,” the minister said.-from TOI

Categories
Cement

Cement stocks take it on the chin

I always find it interesting when a sector under performs when the markets are doing well.

Cement has been the big underperformer of 2013 so far as can be seen from the table below (Close of 31 Dec,2012-Close of 15 Jan 2013):

Company Rise/Decline in %
BIRLACORPN 7.083471899
NCLIND 4.485488127
ANDHRACEMT 3.333333333
BURNPUR 2.325581395
OCL 1.061712011
KAKATCEM -0.777047221
AMBUJACEM -1.443504231
PRISMCEM -2.104208417
SANGHIIND -2.232142857
BINANIIND -2.372262774
SHREECEM -2.56092835
INDIACEM -2.916895982
ACC -3.05823209
ULTRACEMCO -3.310174697
BVCL -3.553299492
HEIDELBERG -3.726708075
MADRASCEM -5.571370476
GUJSIDHCEM -5.576208178
JKCEMENT -6.493686693
KCP -7.3089701
CHETTINAD -8.026554013
SAGCEM -8.631977946
DECCANCE -8.787878788
MANGLMCEM -10.45679692
JKLAKSHMI -12.22531724
Categories
CCI

Order of Competition Commission of India against Cement Cartel

Categories
Sellside Research

Edelweiss Report on Cement

This report is for informational purposes only.Not a recommendation to buy or sell