Latest Sectors News

Cementmakers in India are experiencing a weak first half of the fiscal year due to rising costs. They expect price increases and seasonal construction activity to improve profitability. Price stability is noted after recent increases, which may help offset costs. Cement prices have risen and are expected to stay high in the coming months. The market leaders remain optimistic about further price improvements in the near future. View More

Mumbai: Cementmakers are relying on price increases and a seasonal pickup in construction activity to offset a weak first half of the fiscal year, when rising input costs weighed on profitability. The industry's strong seasonality generally seen in the December and March quarters is likely to be supported by government spending on infrastructure while prices are seen as anchored by higher production costs. While the September quarter is seasonally weak for cement producers, prices were relatively stable this year as weak monsoon rains in most parts of the country led to more days of construction activities. ET BureauSeasonal demand, govt infra spending expected to support revival Cement prices in India have been picking up since late September and are now ₹15-20 higher per 50 kg bag as compared with average prices in the September quarter. "Both September and October have seen healthy price increases, helping us recover a part of the cost inflation," Dalmia Bharat managing director Puneet Dalmia said recently. "We are hopeful that the positive momentum will continue, going forward." Prices inching up steadily should help offset the rising cost pressures, he said. Live Events MORE STORIES FOR YOU✕Ambuja Cements to invest $1.5 billion to raise capacity to 155 MTPA by FY30JK Lakshmi Cement breaks ground on Project ‘Kamakshi’ in Assam, marking its first footprint in the Northeast India« Back to recommendation storiesI don't want to see these stories becauseThey are not relevant to meThey disrupt the reading flowOthersSUBMIT For the September quarter, the profitability of most players, except UltraTech Cement , was lower than the previous year, weighed down by higher fuel, power, logistics and packaging costs. While companies expect costs to remain elevated in the current quarter as well, they see a pickup in profitability. "The average ₹20 price increase should totally defray the cost increase, and we'll have a delta benefit in realisation in Q3 versus Q2," Nuvoco Vistas Corp managing director Jayakumar Krishnaswamy said. Krishnaswamy expects the recent price hikes to "stick" as demand opens up after Diwali. If prices remain stable and the increase in cost is in the range of ₹100-120 per tonne, there is likely to be an improvement in overall profitability, he told analysts recently. Market leader UltraTech Cement is also optimistic on cement prices. "Prices have risen substantially in October and continue to stay high," chief financial officer Atul Daga said. "I sense that there is more price improvement that will happen in the near future, in the next couple of months," he said. .Pbanner{display:flex;justify-content:space-between;align-items:center;background-color:#ec1c40;margin-top:20px;padding:5px 10px;border-radius:4px;color:#fff;line-height:10px;width: 100%;box-sizing: border-box} .Pbannertext{display:flex;align-items:center;font-size:16px;font-weight:600;font-family:'Montserrat';} .Pbannertext img{height:20px;margin:0 6px} .Pbannerbutton a{display:flex;align-items:center;background-color:#fff;color:#ec1c40;text-decoration:none;font-weight:600;padding:4px 8px;border-radius:6px;font-size:15px;font-family:'Montserrat';} .Pbannerbutton img{height:20px;margin-right:6px} .Pbannerbutton a:hover{background-color:#f7f7f7} Add as a Reliable and Trusted News Source Add Now! (You can now subscribe to our Economic Times WhatsApp channel) (You can now subscribe to our Economic Times WhatsApp channel)

View More

Mindspace REIT's net operating income rose 31.9 per cent to ?836 crore in Q2FY27, supported by strong leasing and higher rentals, while revenue increased 29.8 per cent View More

The dispute stems from an agreement signed between Ram Gopal Varma and Eclatant Films on April 10, 2010. The agreement was reportedly upheld by the Bombay High Court on April 17, 2013. View More

NBCC Ltd will create the world's tallest statue of Maharana Pratap in Haldighati, Rajasthan. The project is part of a Rs 168 crore tourist circuit to promote the region's historical significance. A world-class museum will showcase the legendary warrior and his horse, Chetak. An immersive projection show will highlight the historical events from the Battle of Haldighati. The circuit aims to enhance Haldighati's appeal as a heritage and tourism destination. View More

State-owned NBCC Ltd will develop a Rs 168.39 crore tourist circuit at Haldighati in Rajasthan, which will feature the world's tallest statue of Maharana Pratap, as part of the state government's efforts to promote its historical and cultural heritage. In a statement on Monday, NBCC said it has signed a Memorandum of Understanding (MoU) with the Department of Tourism, Government of Rajasthan, and the Rajasthan Heritage Authority (RHA) for the development of the Maharana Pratap Tourist Circuit at Haldighati. Under the agreement, NBCC will be responsible for planning, designing, executing, operating and maintaining the identified works. The project has been sanctioned by the Rajasthan government at a cost of Rs 168.39 crore, excluding GST. This includes a project management consultancy (PMC) fee of 4.25% of the actual project cost. A key feature of the proposed tourist circuit will be the construction of the world's tallest statue of Maharana Pratap, the ruler of the Kingdom of Mewar, at Haldighati. The development will also include a historical museum depicting the legendary warrior riding his iconic horse, Chetak, NBCC said. Live Events The project will also feature a topographical projection show at the Haldighati Memorial, presenting the historical significance and events of the Battle of Haldighati through an immersive visual experience. NBCC said the tourist circuit is expected to enhance Haldighati's standing as a heritage and tourism destination, attract visitors from across the world and support the local economy. .Pbanner{display:flex;justify-content:space-between;align-items:center;background-color:#ec1c40;margin-top:20px;padding:5px 10px;border-radius:4px;color:#fff;line-height:10px;width: 100%;box-sizing: border-box} .Pbannertext{display:flex;align-items:center;font-size:16px;font-weight:600;font-family:'Montserrat';} .Pbannertext img{height:20px;margin:0 6px} .Pbannerbutton a{display:flex;align-items:center;background-color:#fff;color:#ec1c40;text-decoration:none;font-weight:600;padding:4px 8px;border-radius:6px;font-size:15px;font-family:'Montserrat';} .Pbannerbutton img{height:20px;margin-right:6px} .Pbannerbutton a:hover{background-color:#f7f7f7} Add as a Reliable and Trusted News Source Add Now! (You can now subscribe to our Economic Times WhatsApp channel) (You can now subscribe to our Economic Times WhatsApp channel)

Brookfield India REIT reports net operating income of ?767.2 crore, with committed occupancy at 93 per cent and global capability centres accounting for 51 per cent of gross leasing. View More

Delhi pollution curbs: Authorities would take prompt action against industries that fail to meet pollution standards, and against major sources of emissions and traffic congestion hotspots, with the help of the new monitoring system. View More

Infrastructure major Larsen & Toubro (L&T) on Monday said that it has bagged significant orders from a prestigious client for the construction of residential buildings in Mumbai and Bengaluru, and a commercial tower in Hyderabad. L&T classifies orders in the range of Rs 1,000 crore to Rs 2,500 crore as 'significant'. The orders have been bagged by the residential, commercial buildings and factories business vertical of L&T. In Mumbai, the company has secured an order for the construction of nine high-rise residential towers, comprising one basement and 50 floors each. In Bengaluru, it has won an order to construct nine residential towers with three basements and 25 floors each, the company said in a statement. The commercial development in Hyderabad entails the construction of a premium commercial tower comprising five basements and 22 floors. The business has also secured add-on orders for some of its ongoing projects. Larsen & Toubro is a USD 32 billion Indian ... View More

Coal India subsidiary South Eastern Coalfields has filed its draft papers with SEBI for an IPO comprising an offer for sale of up to 66.81 crore shares. One of India’s largest coal producers, SECL reported higher revenue and profit and plans to list on the BSE and NSE. View More

South Eastern Coalfields Limited (SECL), a wholly owned subsidiary of Coal India Limited , has filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India ( SEBI ) for an initial public offering (IPO). The proposed IPO will be an offer for sale (OFS) of up to 66.81 crore equity shares by promoter Coal India Limited. The equity shares will have a face value of Rs 2 each. Since the issue is entirely an OFS, SECL will not receive any proceeds from the offering; the proceeds will accrue to Coal India Limited, the selling shareholder. The IPO will be conducted through the book-building process. Under the proposed allocation structure, not more than 50% of the net offer will be reserved for qualified institutional buyers (QIBs), while not less than 15% and 35% will be allocated to non-institutional investors (NIIs) and retail individual investors, respectively. Incorporated in 1985, South Eastern Coalfields is among India's largest coal producers. The company produced 176.29 million tonnes of coal in FY26, accounting for 16.94% of the country's total coal production , according to the CRISIL report. Also Read | Cheap stocks aren’t enough: The one trigger FIIs need to return to India Live Events Headquartered in Bilaspur, Chhattisgarh, SECL is a wholly owned subsidiary of Coal India and holds Miniratna Category-I status, which was conferred on it on March 15, 2007. The company completed 40 years of coal mining operations in 2025. SECL is the second-largest coal-producing subsidiary of Coal India, contributing 22.95% to the parent company's total coal production in FY26. Its coal output increased 5.25% to 176.29 million tonnes in FY26 from 167.49 million tonnes in FY25, registering the highest production growth among Coal India's subsidiaries during the period, according to CRISIL. As of April 1, 2026, SECL had total geological coal resources of approximately 47.55 billion tonnes, accounting for around 11.50% of India's total coal geological resources. Of this, approximately 10.93 billion tonnes had been projectised, according to the DMT and CRISIL reports. Its audited coal reserves stood at 4.61 billion tonnes as of the same date. Based on its FY26 production of 176.29 million tonnes, these reserves are estimated to be sufficient to sustain operations for approximately 26 years. The company's Gevra and Kusmunda opencast mines, located in the Korba coalfield of Chhattisgarh, are among the world's largest coal mines. In FY26, Gevra and Kusmunda were ranked the second and fourth-largest coal mines globally by production capacity, respectively. Gevra was also recognised as Asia's largest and the world's second-largest coal mining operation by production, according to CRISIL. The strategic location of its coalfields across Chhattisgarh and Madhya Pradesh, along with its substantial resource base, enables SECL to supply non-coking coal to customers across northern, western and central India. As of September 30, 2026, the company operated 53 producing mines, comprising 19 opencast and 34 underground mines, across 13 operating areas in the Korba, Mand-Raigarh and Central India coalfields. For the six months ended September 30, 2026, opencast mines contributed 91.76% of SECL's total coal production. The corresponding contribution was 92.69% in the six months ended September 30, 2025, and 93.64%, 92.91% and 93.61% in FY26, FY25 and FY24, respectively. The company is also increasing the use of mechanised mining techniques. Coal production through continuous miners rose 38.65% to 5.13 million tonnes in the six months ended September 30, 2026, from 3.70 million tonnes in the corresponding period last year. SECL holds approximately 59,022.44 hectares, or 590.22 square kilometres, of land, including acquired and leased land across Chhattisgarh, Madhya Pradesh and West Bengal. Its mining rights extend over approximately 126,529.81 hectares. These include rights acquired under the Coal Bearing Areas (Acquisition and Development) Act, 1957, which are perpetual in nature, and 39 mining leases granted under the Mineral Concession Rules, 1960. The remaining land holdings are primarily used for residential settlements and associated infrastructure. The company has an extensive coal evacuation network comprising rail connectivity through the South East Central Railway zone of Indian Railways, dedicated Merry-Go-Round (MGR) systems and belt conveyors connecting mines to pithead power stations. Rail corridors being developed through its subsidiaries are also expected to support coal transportation. Road transportation is another important component of its evacuation infrastructure. In FY26, road dispatch accounted for 66.65 million tonnes, representing 37.31% of the company's total coal dispatch. SECL has also undertaken various measures to reduce its environmental footprint as part of its sustainability and environmental stewardship initiatives. SECL reported improved financial performance during the six months ended September 30, 2026. Revenue from operations increased to Rs 16,593.7 crore from Rs 15,090.2 crore in the corresponding period last year. Net profit rose to Rs 2,174.3 crore from Rs 1,140.9 crore. For FY26, the company's revenue from operations stood at Rs 32,956.5 crore, compared with Rs 29,998.3 crore in FY25. Net profit increased to Rs 4,754.5 crore in FY26 from Rs 4,540.4 crore in the previous fiscal. SBI Capital Markets Limited, ICICI Securities Limited, IDBI Capital Markets & Securities Limited and Motilal Oswal Investment Advisors Limited are the book-running lead managers to the proposed IPO. KFin Technologies Limited has been appointed as the registrar to the issue. The company's equity shares are proposed to be listed on both the BSE and NSE . Disclaimer: The views/recommendations mentioned in this article, wherever applicable, are those of the respective SEBI-registered Research Analyst/brokerage and have been reproduced/reported with due attribution. They should not be construed as the views or recommendations of The Economic Times Digital or the journalist. Readers are advised to consider the original research report and make their investment decisions based on their own assessment. Brokerage disclaimers here .Pbanner{display:flex;justify-content:space-between;align-items:center;background-color:#ec1c40;margin-top:20px;padding:5px 10px;border-radius:4px;color:#fff;line-height:10px;width: 100%;box-sizing: border-box} .Pbannertext{display:flex;align-items:center;font-size:16px;font-weight:600;font-family:'Montserrat';} .Pbannertext img{height:20px;margin:0 6px} .Pbannerbutton a{display:flex;align-items:center;background-color:#fff;color:#ec1c40;text-decoration:none;font-weight:600;padding:4px 8px;border-radius:6px;font-size:15px;font-family:'Montserrat';} .Pbannerbutton img{height:20px;margin-right:6px} .Pbannerbutton a:hover{background-color:#f7f7f7} Add as a Reliable and Trusted News Source Add Now! (You can now subscribe to our ETMarkets WhatsApp channel) (You can now subscribe to our ETMarkets WhatsApp channel)

Ambuja Cements plans to invest ?14,500 crore to enhance its cement production capacity by fiscal 2030. The current capacity of 113.5 MTPA is expected to rise to 119 MTPA by March 2027. This expansion will occur across states including Assam, Bihar, and Maharashtra, improving regional manufacturing. The investment aligns with growing infrastructure and housing demands in India. Recent financial reports indicated a 34. View More

Ambuja Cements on Monday announced an investment of Rs 14,500 crore ($1.53 billion) to expand its cement manufacturing capacity to 155 million tonnes per annum (MTPA) by fiscal 2030. The company, which currently has a capacity of 113.5 MTPA, expects this to increase to 119 MTPA by March 2027. The expansion will add capacity across Assam, Bihar, Jharkhand, Gujarat, Maharashtra and Uttar Pradesh, strengthening Ambuja's manufacturing presence in eastern, western and northern India. The investment comes amid capacity expansion across India's cement industry, as manufacturers look to cater to anticipated growth in infrastructure and housing demand. The announcement follows Ambuja's report of a 34.7% decline in quarterly net profit, weighed down by higher fuel and freight costs. .Pbanner{display:flex;justify-content:space-between;align-items:center;background-color:#ec1c40;margin-top:20px;padding:5px 10px;border-radius:4px;color:#fff;line-height:10px;width: 100%;box-sizing: border-box} .Pbannertext{display:flex;align-items:center;font-size:16px;font-weight:600;font-family:'Montserrat';} .Pbannertext img{height:20px;margin:0 6px} .Pbannerbutton a{display:flex;align-items:center;background-color:#fff;color:#ec1c40;text-decoration:none;font-weight:600;padding:4px 8px;border-radius:6px;font-size:15px;font-family:'Montserrat';} .Pbannerbutton img{height:20px;margin-right:6px} .Pbannerbutton a:hover{background-color:#f7f7f7} Add as a Reliable and Trusted News Source Add Now! (You can now subscribe to our Economic Times WhatsApp channel) (You can now subscribe to our Economic Times WhatsApp channel)