Latest News

Cheap cement as Dangote opens $1b plant

Analysts:price crash possible if govt provides infrastructure With plants�� combined capacity of 20 million metric tonnes yearly, the country is on the road to being self-sufficient in cement production. With local consumption hovering around 17 to 18 metric tonnes, there is a surplus of two million metric tonnes.

Date : 2012/02/16
Nigeria:Another era of cement surplus is here

Fifty years after, there is a strong indication that the Nigerian economy is heading for an era of cement surplus and there would be left overs for the export market.

Date : 2012/02/16
India:Cement consumption likely to grow by 6.5%

All-India cement consumption is expected to grow by 6.5% in FY12E against 4.4% in FY11 and 10.2% in FY10. The dispatches grew 7% during April 2011-January 2012 mainly led by 15% YoY growth during Nov-Jan. The demand picked up during the period mainly on account of low base and increase in offtake from construction activities post monsoon.

Date : 2012/02/16
JK Lakshmi Cement Q3 profit zooms 10.7 times

JK Lakshmi Cement has posted a net profit of INR 492.4 million for the quarter ended December 31st 2011 as compared to net profit of INR 46 million for the quarter ended December 31st 2010, representing steep rise of 10.7 times.

Date : 2012/02/15
Kakatiya Cements looks undervalued

Kakatiya Cements is looking undervalued at the current market price, says Ashish Chugh, Investment Analyst & Author of Hidden Gems.

Date : 2012/02/15

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