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NEERAJ AKHOURY
Cement makers expect 7-8% growth in FY27 despite West Asia headwindsIndian cement companies anticipate strong growth of 7-8 per cent in FY27. Government infrastructure projects and housing demand are key dri...- Cement companies expect costs, muted demand to dent growthIndian cement companies are revising growth expectations downwards. Higher fuel, packaging, and logistics costs are impacting profitability...
- Shree Cement profit dips as costs rise and demand outlook weakensShree Cement reported an 8% fall in Q4 profit due to rising costs, despite higher revenue and volumes. Elevated fuel expenses and geopoliti...
- Shree Cement Q4 results: Cons PAT falls 8% YoY to Rs 526 cr despite 10% revenue uptick. Rs 70/share dividend declaredCement maker Shree Cement reported an 8% YoY drop in Q4 consolidated PAT to Rs 526 crore, even as revenue rose 10% to Rs 6,101 crore. The b...
- Shree Cement back in the market for strategic buysShree Cement, aiming for 80 million tonnes of production capacity by fiscal year 2028, is actively evaluating potential acquisition targets...
- Shree Cement’s Akhoury appointed Chairman for state-owned cement research bodyAkhoury, the managing director of Kolkata-based Shree Cement, was also appointed as the- president of the Cement Manufacturers’ Association...
- Neeraj Akhoury elected as President of Cement Manufacturers' Association; Parth Jindal appointed as Vice PresidentBoth were unanimously elected at the Extraordinary General Meeting (EGM) of CMA held on July 14, 2023, said a statement from the associatio...
- Shree Cement completes Rs 550 crore cement plant in PuruliaShree Cement has completed its new cement plant in the Purulia district of Bengal, with trial production already underway. The plant has an...
- Ambuja Cements Q2 Results: Profit rises 45% to Rs 1,048 croreNet sales for the quarter rose 18.43 per cent YoY to Rs 3,958 crore from Rs 3,342 crore in the same quarter last year. Ebitda for the quart...
- Ambuja Cements plans ₹3,500 crore expansionThe company is also looking at expanding an existing 3.2-million-tonne clinker facility at Bhatapara, Chhattisgarh.
- Ambuja Cement Q3 results: Net profit up 11% YoY to Rs 891 croreOn a standalone basis, the company’s net profit remained flat at Rs 441 crore. During the June quarter, Ambuja reported a consolidated net ...
- Ambuja Cements begins commercial production at Marwar Plant in Rajasthan“The plant has deployed all modern equipment and technology to produce cement in a more environmentally friendly manner. It has a Waste Hea...
- Cement market may see more consolidation: Neeraj Akhoury, CEO India, LafargeHolcim and managing director, Ambuja CementsIndia has a huge market growth potential for LafargeHolcim and is also one of the important emerging markets in the world. Both Ambuja and ...
- ACC net profit up 45% at Rs 303 crore in Sept quarterConsolidated net sales stood at Rs 3,464.43 crore for the period under review as against Rs 3,363.96 crore for the same period year ago.
- ACC posts 39% rises in profit for June quarterConsolidated net profit for the period increased by 38.6% to Rs 455.70 crore.
- ACC Q4 profit rises over twofold to Rs 206 croreThe company had posted consolidated profit of Rs 90.92 crore in the year-ago period.
- ACC reports over 2-fold jump in consolidated net profit in Q3Consolidated total revenue from operations jumped 9.62% year-on-year to Rs 3,116.49 crore
- Buy ACC, target Rs 1760.0 : Kunal BothraBuy ACC Ltd. at a price target of Rs 1760.0 and a stop loss at Rs 1710.0 from entry point
- Buy ACC Ltd. target Rs 1700.0 : Sumeet BagadiaBuy ACC Ltd. at a price target of Rs 1700.0 and a stoploss at Rs 1570.0 from entry point
- ACC Cement announces capex plan of Rs 600 crore for 2017The company reported a profit of Rs 604.38 crore for the year ending 31st December, 2016, up from Rs 587.60 crore in 2015, registering a gr...
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