The National Company Law Tribunal (NCLT) has approved the merger of Adani Cementation with Ambuja Cements, consolidating Adani Group's cement business. This strategic move, effective April 1, 2024, involves a share-swapping arrangement and aims to enhance value, improve resource utilization, and expand manufacturing capacity, targeting 140 MTPA by FY28.
JK Cement Ltd witnessed a significant surge in profitability, reporting a 75.4% increase in net profit to Rs 324.25 crore for the June quarter of 2025-26. Revenue from operations also climbed by 19.4% to Rs 3,352.53 crore. The company's board approved expansion plans, including a new wall putty plant in Rajasthan and increased capacity at its Ujjain cement grinding unit.
India Cements Ltd, now a subsidiary of UltraTech Cement under the Aditya Birla Group, reported a consolidated net loss of Rs 132.90 crore for Q1 FY26, a stark contrast to the previous year's profit. Despite a slight dip in revenue, the company is optimistic about future growth, driven by infrastructure spending and housing market improvements.
The Union Forest Protection Division has ordered an investigation into proposed ready-mix concrete plants in Navi Mumbai's Parsik Hill, following environmentalists' concerns about air and noise pollution. These plants are planned for former quarry sites, raising fears about worsening air quality in the rapidly developing urban area. Previous quarrying on 260 hectares was stopped in 2017.
Nuvoco Vistas Corp, the Nirma Group's building materials division, reported a significant profit increase to Rs 133.16 crore in Q1 FY26, driven by a 9% revenue increase to Rs 2,872.70 crore. The company achieved record first-quarter EBITDA through volume growth, premiumization, and strategic trade mix.
Cement producers are poised to report substantial profit increases for the June quarter, driven by improved prices and volumes, particularly in East and South India. Despite early monsoon rains impacting volume growth, the industry witnessed the highest average cement prices since December 2023. While near-term margins may peak, consolidation is expected to continue within the sector.
Residents of Talwandi Aklia and Karamgarh Autanwali protested against a proposed cement plant. The Punjab Pollution Control Board held a public hearing. Villagers fear environmental hazards from the red category industry. The Public Action Committee mobilized the opposition. JSW Cement Limited plans a 6 MTPA plant. Concerns were raised about the project's impact.
UltraTech Cement clarifies it is not under investigation by the Competition Commission of India regarding ONGC tenders. However, its subsidiary, India Cements Limited, is a party to the case and is exploring legal options. India Cements is assessing its options after receiving an investigation report.
Competition Commission of India has instructed UltraTech, Dalmia Bharat Cements, and Shree Digvijay Cements to provide financial records. This follows an investigation that revealed breaches of competition regulations. The directive includes executives submitting financial details.
India's cement industry is set for robust growth in FY2026, with volumes expected to rise by 6-7%, reaching 480-485 million metric tonnes, driven by housing and infrastructure demand. Capacity additions are projected to increase significantly.
While speaking at a review meeting held with officials of the DHBVN and pollution control board on Tuesday regarding departmental works in the district, action on illegal activities, and strengthening of infrastructure, Singh said,
Get updates on your preferred social platform
Follow us for the latest news, insider access to events and more.
