1 bag of cement reqd per sq feet of built-up space in Realty sector. With project activity ⬇️ eyebrows raised on ❓cement prices up 20-40%
— Vinayak Chatterjee (@Infra_VinayakCh) September 22, 2015
Tag: cement
“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
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 |
Edelweiss Report on Cement
This report is for informational purposes only.Not a recommendation to buy or sell