India Cement & Construction Materials journal

India Cement & Construction Materials journal Issue 28

CW Group proudly announces the publication of the 28th issue of India Cement & Construction Materials Magazine. Amongst the relevant topics for the Indian construction materials market, the magazine presents an in depth analysis of expected developments in infrastructure and housing construction policies in 2016.

  • The current issue of ICCM magazine presents the latest developments regarding the petcoke prices. The story outlines trends and figures from the CW Research’s January update of India Petcoke CFR price assessment, with a focus on current oversupply.
  • Another major topic covered in this issue is the ICCM team’s visit to India Wonder Cement’s plant at Nimbahera, District Chittorgarh, Rajasthan. The discussions with the company’s management highlighted Wonder Cement’s strategy of installing state-of-the-art technologies despite the large expense made in order to focus on plant efficiency and environmental compliance.
  • The latest issue of ICCM also brings a detailed analysis on Indian limestone deposits split by regions, estimated time for exploitation and possible material replacements in the industrial process for the future. The feature also includes opinions from Mr K N Rao,  Director- Energy Environment at ACC Limited and Mr Shailesh Gosavi, Dy General Manager, Technical Services, JSW Cement Ltd.
  • ICCM’s 28th issue comes with a complete feature about the challenges of building a cement plant in the middle of the desert. The new plant built by Monpolymet Group in the Gobi Desert, Mongolia is a feat of engineering and ambition which aims to dramatically improve the country’s balance of cement imports and exports.
  • Cement volumes: Pakistani cement demand increased by 19.3 percent in December YoY 2015
  • Cement Energy: The average coal price for January 2016 fell 24 percent YoY

Analyst Recommendations:

  • Mihir Jhaveri of Religare Capital Markets declares: “We don't really like ACC, on a relative basis we like UltraTech more than ACC. So, that is what our stance is and we maintain that”.
  • Edelweiss is bullish on JK Cement and has recommended buy rating on the stock with a target of Rs 702. “With a long term positive view, we maintain ‘BUY’ with a revised target price of INR702.

Orders and Equipment:

  • Chinese cement equipment major Sinoma enters India through acquisition. The Chinese firm will bring its expertise in R&D, design, manufacturing, installation and after sales service to the Indian Joint Venture
  • FLSmidth designs a new classifier plant. The new equipment is suitable for fine gravity separation, as it is easy to install and commission on site in a relatively short period.

People:

  • Mumbai-based Grasim Industries has appointed Dilip Gaur as Managing Director of the company.

Market and Competition:

  • Lafarge plans to exit India operations planning to sell 5.15 million tons of cement capacity in Chhattisgarh and Jharkhand to Birla Corp for INR 5,000 crore
  • Indian cement producer Jaypee Cement has been allowed to increase limestone extraction volumes from Andhra Pradesh, India

M & A and Finance:

  • India’s Prism Cement’s net loss widens in 3Q2015
  • India’s Reliance Infrastructure will be selling debt ridden cement assets for INR 26 billion (USD 394 million)

Infrastructure and Projects:

  • India taking steps to address infrastructure woes “multiple institutions being required to meet the funding requirements” says Finance Minister Arun Jaitley

Numbers in Brief:

  • The latest released numbers indicate that India’s economy is growing at a faster pace than that of China
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