Cement
Cement cos in Meghalaya imported nearly 3 lakh mt of coal without valid papers: HC-appointed panel
Two cement companies in Meghalaya face accusations of violating norms in transporting over 2.93 lakh metric tonnes of coal. A high court-appointed committee reported the companies moved the coal without mandatory approvals. This movement also lacked essential documents and weekly returns. The committee recommended strict enforcement and improved tracking systems to curb illegal coal movement across the state.
UltraTech wins trademark battle; Bombay High Court bars ‘Ultra’-branded rival cement
The Bombay High Court has handed UltraTech Cement a significant legal victory, preventing Shiv Cement Co. from utilizing the 'UltraPlus' and 'UltraHiTouch' branding. The court identified these trademarks as confusingly alike to UltraTech’s renowned products. Alongside the ruling, Shiv Cement Co. is ordered to compensate UltraTech with Rs 50 lakh and cover Rs 16.48 lakh in legal expenses.
UltraTech crosses 200 MTPA capacity, set to become world’s largest cement maker outside China
UltraTech Cement has achieved a significant milestone, crossing 200 million tonnes per annum of installed cement manufacturing capacity in India. This expansion positions the company as the world's largest cement producer outside China. The company's capacity has grown rapidly, adding the next 100 MTPA in under seven years. Future plans include further expansion to over 240 MTPA.
Cement demand to be healthy in Q1FY27E; Likely to hit profitability despite price hikes: Nuvama
Indian cement demand is set for a strong start in the first quarter of FY27. Government infrastructure spending is driving growth. However, rising fuel and packaging costs are a concern. Cement companies are increasing prices to offset these expenses. The sector's performance will depend on the balance between cement prices and production costs.
UltraTech crosses 200 million tonne capacity in India
UltraTech Cement has achieved a significant milestone, crossing 200 million tonnes in production capacity in India. This expansion solidifies its leadership in the Indian market and positions it as the world's largest cement producer outside China. The company plans further growth, aiming for 240 million tonnes by FY28.
Cement makers set to see sharp Q-o-Q growth in profits
Cement companies are poised for a strong performance in the January-March quarter. Profits are expected to surge significantly compared to the previous quarter. This improvement is driven by better profit margins and robust volume growth. Analysts anticipate a healthy conclusion to the fiscal year.
UltraTech settles arbitration dispute with Jaiprakash Associates over Dalla Super unit and mines
UltraTech Cement has settled its arbitration with Jaiprakash Associates Ltd concerning the Dalla Super unit and associated mines. The company will redeem preference shares valued at Rs 1,000 crore. This resolution concludes a long-standing dispute. The settlement also aids in monetizing Jaiprakash Associates' assets during its insolvency process. Adani Group is the successful bidder in that process.
UltraTech settles JAL dispute, agrees to redeem Rs 1k-cr shares
UltraTech Cement has finally settled a lengthy arbitration dispute with Jaiprakash Associates, paving the way for a fresh financial landscape. Under the newly minted agreement, ₹1,000 crore worth of preference shares tied to the Dalla Super cement project will be redeemed. This resolution is strategically aligned with the Adani Group’s recent acquisition, potentially easing their initial cash burden.
Adani Enterprises gets NCLT nod for JAL takeover
The National Company Law Tribunal has officially sanctioned Adani Enterprises' acquisition of Jaiprakash Associates, marking a historic moment in India’s insolvency landscape. Secured in November 2025, this takeover allows Adani Enterprises to take the helm of the struggling cement and infrastructure firm, setting the stage for a transformative era for Jaiprakash Associates.
Lucky numbers and collusion: How an Indian cement cartel came unstuck
A five-year probe uncovered a decade of price collusion by Indian cement companies. Dalmia Bharat, Shree Digvijay, and India Cements allegedly fixed prices for ONGC tenders. Evidence includes communications and admissions. The Competition Commission of India is investigating. Firms face potential fines up to three times profits or 10% of turnover annually.
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Assam CM inaugurates Star Cement’s Cachar unit, Boosting Industrial Footprint in Barak Valley
Assam Chief Minister Himanta Biswa Sarma opened Star Cement Ltd.'s new plant in Cachar. This Rs 400 crore facility will boost cement availability in southern Assam and nearby states. It is expected to create over 1,000 jobs. The investment highlights growing confidence in Assam's industrial growth. The unit will support regional development and meet rising demand.
Cement sector demand revives as prices decline in Q3FY26: Nuvama report
Demand revived as prices declined in the cement sector as the third quarter of the financial year 2026 presented a mixed performance for major players. According to a report by Nuvama, the industry saw an improvement in demand traction with volumes rising approximately 7 per cent year-on-year for 15 major companies.
NCLT approves merger of Adani-led Ambuja Cements and Sanghi Industries
Ambuja Sanghi merger: The National Company Law Tribunal has approved the merger of Sanghi Industries with Ambuja Cements. This significant development was announced by Ambuja Cements in an exchange filing. The tribunal pronounced its order on February 9, 2026, sanctioning the scheme of arrangement. April 1, 2024, is the appointed date for this merger.
Modern civilisation's most important commodity hits a wall. Looks like there's no coming back
Cement consumption has hit a peak. China, the largest producer, is seeing its construction boom end. Output has fallen significantly and is expected to decline further. This drop in demand is good news for the environment. Efforts to reduce cement's carbon footprint have been slow. A decline in consumption offers the best chance to clean up this industry.
Cement cos feel GST-led price drop, Q3 profits may slip
Cement firms expect lower earnings for the December 2025 quarter. Prices have fallen, impacted by GST changes and reduced demand from the non-trade sector. Higher raw material costs also pressure profits. Despite strong volume growth, this is unlikely to offset price weakness. Net profit is projected to rise year-on-year due to a low base and acquisitions.
No road tax on factory, mine machinery: Supreme Court
The Supreme Court has ruled that heavy industrial and construction machinery like dumpers and excavators, used within factories and mines, are not motor vehicles and thus exempt from road tax. This decision overturns a 2011 Gujarat High Court judgment, clarifying that vehicles designed for closed premises are outside the Motor Vehicles Act's purview.