India Cement & Construction Materials, vol 1 / issue 27

CW Group is pleased to announce the publication of the new issue of India Cement and Construction Materials magazine. Among other major topics, the 27^th issue provides an in depth features about India's resilience to the negative trends on the global cement market, as highlighted by CW Group's latest Global Cement Trade Price Report, as well as about the efforts undertaken by Indian cement majors in curbing the carbon footprints.

Here are some of the topics covered in the latest edition of the magazine.

• The new issue of ICCM magazine features a detailed analysis of the way India has so far resisted the impact caused by a weakening global economy and the negative trends in terms of cement demand. The story focuses on data provided by the latest quarterly edition of the Global Cement Trade Price Report, released by CW Research. The paper highlights India, being one of the markets with positive development in gray cement prices and slag exports, despite the global downturn caused mainly by the fall in commodity prices and exchange rates.
• Another major topic covered in this issue of ICCM is India's commitment towards curbing the carbon footprints. The feature in the magazine details how India was the only developing country that issued a blunt warning, after the ÔÇ£rich-nationsÔÇØ at the Paris high-level discussions passed the baton of curbing carbon emissions on to the developing countries.
• The latest issue of ICCM also brings an extensive story about the coal issue in India following the cancellation of blocks by the Supreme Court. Meanwhile, the government is likely to earmark 25 per cent of the coal production for the unregulated sector, mainly benefiting the cement industry.

Analyst recommendations

• Mayuresh Joshi of Angel Broking sees UltraTech Cement as a company that stands out from the cement pack. ÔÇ£The numbers were impressive both on the EBITDA front as well as the expectation coming through in terms of how volume growth will pan out,ÔÇØ said the analyst.
• VK Sharma of HDFC Securities says BUY Ambuja Cements. "I am suggesting buying 195 Put in Ambuja Cements at around Rs 3 with stop loss at Rs 2 and target around Rs 7 and one can hold on to the stock for the rest of the series," said the broker.

Equipment

• Humboldt Wedag India and Humbold Wedag, two subsidiaries of KHD Humboldt Wedag, have won contracts valued between EUR 55-65 million for the supply and maintenance of eight slag grinding mills.
• In India, a pilot plant for separation of Iron, Sand and Carbon from Bottom Slag emitted by Neyveli Thermal Power Stations has been launched.

Infrastructure and projects

The United Kingdom wants to become India's biggest partner in infrastructure projects and make London the world's center for offshore trading in the Indian national currency, the rupee.

M&A and finance

• India-based JSW Cement and J.K Lakshmi Cement are among the seven bidders shortlisted for Reliance Infrastructure's 5.5 million ton cement assets.
• HeidelbergCement India recorded a decline in standalone total income from operations to INR 402.69 crore.

Market and competition

• The government of India plans to earmark Scheduled III round of coal mines for non-regulated sector, including cement. The e-auction will of the Schedule III mines will be held from January 18 to 22 January, 2016.
• India's Prism Cement has acquired a 50 percent stake in Coral Gold Tiles, a company that manufactures ceramic wall tiles.

Projects and expansions

• India-based Birla Corp has commissioned its cement blending unit in Raebareli, Uttar Pradesh with an annual capacity of 50,000tons. The company has eight manufacturing facilities located in Pune, Rajasthan, West Bengal, Gurgoan, Uttar Pradesh and Madhya Pradesh.

Regional news

• The Chairman of All Pakistan Cement Manufacturers Association said that cement import from Iran have been halted to support local cement production.
• Pakistan is likely to challenge South Africa's decision to impose anti-dumping duty on import of cement manufactured in Pakistan at the World Trade Organization.

Volume and pricing

• According to CW Research analysis, India's imports of uncalcined petcoke totaled just short of 0.7 million tons in October 2015 with cement companies representing close to 60 percent of purchases.
• Builders approached the competition commission of India to prevent cement manufacturers from hiking prices as it has a direct impact on the cost of construction.

We welcome you to read the free e-magazine online (click on the magazine below). If you rather receive a physical print copy of the India Cement & Construction Materials magazine Print Edition, contact us to order a subscription at [email protected].

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CONTENTS

FEATURES

4 The One Billion Target

The coal issue in India became complex due to cancellation of blocks

8 Cement Plants Going Green

A collective responsibility towards green cement plant

18  India Unscathed Despite Global Shock-waves

CW Research: Global Cement Trade Price Report

24  Green Petcoke Imports Double

A CW Research analysis

DEPARTMENTS

2  EDITORIAL LETTER

Framework, Policy and Action

3  NUMBERS IN BRIEF

Performance of India's Cement Sector

46  ANALYST RECOMMENDATIONS

Latest Broker Recommendations

RESEARCH AND ANALYTICS

26 Cement Volumes

29 Coal Market Update

30 Energy Price Update

CONSTRUCTION AND BUILDING MATERIALS

44 Infrastructure & Projects

Japan adis India for highway project

CEMENT

34 Market and Competition

36 M&A and Finance

38 Projects and Expansions

40 Volume and Pricing

41 People

42 Regional Update

43 Equipment Highlights