A recent judgment handed down by the Telangana High Court addressed a legal battle between Cement Companies of the State and the State government over increased fees for transporting forest minerals. The dispute centered around an amendment to Rule 5 of the Andhra Pradesh Forest Produces Rules, 1970. This amendment significantly increased the permit fee for major minerals, minor minerals, …
For cement companies, the December quarter was a mixed bag. “Fuel consumption costs for cement players declined 5-15% quarter-on-quarter to ₹1.50- ₹R2.05/Kcal in Q3FY24," said a Motilal Oswal Financial Services report. In a bid to save operating costs and reduce their carbon footprint, cement companies are increasingly adopting green energy and alternative fuels in their overall fuel mix. “Given that …
Pricing trends in the domestic cement industry have remained subdued for a while now. According to a recent dealers channel check by Jefferies India, there was a 1.5% decrease in the all-India average cement price to ₹362 per 50-kg bag in January. There is a risk to realization of cement companies in the March quarter, if prices remain muted in …
