RAMCOCEM

** Cement industry volume growth in 2Q to remain slow at 5% YoY, notes Jefferies

** Says, volume growth impacted by heavy monsoon, early festive season and weak dispatches two weeks ahead of new GST rates

** Forecasts volume growth for UltraTech ULTC.NS and Ambuja Cements ABUJ.NS to be highest among peers at ~10% and 15%, respectively, on the back of M&A consolidation

** ULTC, ABUJ and JK Lakshmi Cement JKCE.NS are its top picks

** Adds, earnings to rise on better pricing and low base from last year, even as volumes remain soft

** ULTC, ABUJ, JKCE rated "Buy" on avg, per data compiled by LSEG

(Reporting by Komal Salecha)

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** India's The Ramco Cements TRCE.NS down 5.6% to 1,073 rupees after Q1 results

** Stock set for worst day since February 2024, if losses hold

** Co's cement volumes fell 7% y/y in Q1 due to weak demand amid early monsoon rains in the southern state of Kerala

** South India gives Chennai-based Ramco 80% of its sales volumes

** Ambit Capital says Ramco's volume drop was worse than other South or East India peers, implying market share loss again

** Adds, EBITDA missed street estimates, says co has been losing market share in the past few quarters

** DAM Capital says improvement in cement pricing was a positive, but is fully factored in valuations and unlikely to deliver earnings beat vs its estimates going forward

** TRCE shares up 11.2% YTD

(Reporting by Ananta Agarwal in Bengaluru)

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Aug 7 (Reuters) - Ramco Cements Limited TRCE.NS:

• Q1 NET PAT 860.1 MILLION RUPEES; IBES EST. 962.3 MILLION RUPEES

• Q1 REVENUE FROM OPERATIONS 20.7 BILLION RUPEES, IBES EST. 22.41 BILLION RUPEES

Source text: ID:nBSEbwT25S

Further company coverage: TRCE.NS

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July 16 (Reuters) - Ramco Cements Limited TRCE.NS:

• COMMISSIONS FIFTH CONSTRUCTION CHEMICAL PLANT IN ODISHA

Source text: ID:nBSE7BfQPw

Further company coverage: TRCE.NS

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** Shares of Indian cement makers decline

** Sector leader UltraTech ULTC.NS drops 2.3%; Ambuja ABUJ.NS down 1.3%; Shree Cement SHCM.NS and ACC ACC.NS slip nearly 1%

** Early onset of monsoon rains spurs fears of construction slowdown, demand drag, five analysts tell Reuters

** Monsoon rains hit India's southern coast on May 24, earliest in 16 years

** South India-focussed cement makers Ramco TRCE.NS and Dalmia Bharat DALB.NS down roughly 1% each, extending losses

** Over past few days, dealers have started offering discounts in South India, says Nishant Bagrecha, research analyst at Incred Equities

** Adds, we feel this could be potential indication of prices moving towards seasonal dip

** Q1 cement volume growth can be lower than expectations. Q1 growth was anticipated to be strong given general elections-led weak base last year - Abhishek Jain, head of research at Arihant Capital Markets

(Reporting by Hritam Mukherjee and Vivek Kumar M in Bengaluru)

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** Shares of India's Ramco Cements TRCE.NS up 1%, reversing course from early 2% drop

** South India-focussed cement maker said prices in the region are improving, after Q4 profit slumped and rev missed estimates

** Citi raises TP to 1,140 rupees from 1,025 rupees; says that while Q4 disappoints, cement price upsides to look forward to

** "Worst appears to be behind" as south region plays "catch up", Ambit Capital says, hiking TP by 20% to 950 rupees

** Of 29 analysts covering the stock, atleast four raised TPs after results - data compiled by LSEG

** Median TP rises to 920 rupees on the day vs 900 rupees a month back but avg rating remains "hold" - LSEG

** YTD stock up over 3%

(Reporting by Hritam Mukherjee in Bengaluru)

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May 22 (Reuters) - Ramco Cements Limited TRCE.NS:

• RECOMMENDS DIVIDEND OF 2 RUPEES PER SHARE

• Q4 NET PAT 309.9 MILLION RUPEES

• Q4 REVENUE FROM OPERATIONS 23.92 BILLION RUPEES, IBES EST. 26.62 BILLION RUPEES

Source text: ID:nBSE6zQvx3

Further company coverage: TRCE.NS

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April 22 (Reuters) - Ramco Cements Limited TRCE.NS:

• TO CONSIDER FUND RAISING VIA ISSUANCE OF NON-CONVERTIBLE SECURITIES

Source text: ID:nBSE8dBsYm

Further company coverage: TRCE.NS

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April 10 (Reuters) - Ramco Cements Limited TRCE.NS:

• RAMCO CEMENTS LIMITED - CFO SELLS 10,000 SHARES OF CO AT 945.60 RUPEES EACH ON APRIL 9

Source text: ID:nBSE5mWjcZ

Further company coverage: TRCE.NS

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March 13 (Reuters) - Ramco Cements Limited TRCE.NS:

• IMPOSITION OF NEW TAX WOULD ADVERSELY AFFECT THE CEMENT INDUSTRY IN TAMIL NADU

• IMPOSITION OF NEW TAX WOULD MAKE CEMENT COSTLIER AT HANDS OF END USER

• PROPOSES GOVERNMENT OF TAMIL NADU TO RECONSIDER PROPOSAL TO LEVY MINERAL BEARING LAND TAX

Further company coverage: TRCE.NS

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March 12 (Reuters) - Ramco Cements Limited TRCE.NS:

• RAMCO CEMENTS LIMITED - CESTAT REMANDS APPEAL ON CENVAT CREDIT DISALLOWANCE TO ORIGINAL AUTHORITY

• RAMCO CEMENTS LIMITED - ORIGINAL AUTHORITY DROPS PROCEEDINGS, RESOLVES ISSUE WORTH 49.2 MILLION RUPEES

Source text: ID:nBSE1c2bkq

Further company coverage: TRCE.NS

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** Ramco Cements TRCE.NS falls 3% to 857 rupees

** Co's Q3 profit before exceptional items and tax drops to 43.5 mln rupees ($497,683) from 1.35 bln rupees a year ago; rev from ops down 6% y/y

** Co incurs one-time gain of 3.29 bln rupees from sale of surplus land and investments in Q3

** TRCE hurt by low cement prices in the reported quarter

** Ambit Capital Research says co's market share loss to be of concern if it does not manage to achieve higher blended sales

** More than 788,000 shares traded, 2x the 30-day avg

($1 = 87.4050 Indian rupees)

(Reporting by Ashna Teresa Britto in Bengaluru)

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Feb 6 (Reuters) - Ramco Cements Limited TRCE.NS:

• Q3 NET PAT 3.25 BILLION RUPEES; IBES EST. 455.3 MILLION RUPEES

• Q3 REVENUE FROM OPERATIONS 19.77 BILLION RUPEES, IBES EST. 20.19 BILLION RUPEES

Source text: [ID:]

Further company coverage: TRCE.NS

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** India's average cement prices/bag rose by 1 rupee q/q to 337 rupees in the Dec-qtr, Nomura says

** Q3 prices still ~11% lower y/y - data from brokerages Nomura and Ambit

** Nomura says hikes of 8 rupees and 6 rupees per bag in north and west markets, respectively; declines of 7 rupees and 5 rupees per bag in south and east markets, respectively

** Brokerage prefers UltraTech Cement ULTC.NS, Shree Cement SHCM.NS, Ambuja Cement ABUJ.NS, Ramco Cements TRCE.NS - all rated "buy"

** Maintains "reduce" call on Dalmia Bharat DALB.NS

** Traders across regions flag demand uncertainty in at least first fortnight of Jan, weighed by cold weather (north, central), labour crunch (south) - note

** ULTC, SHCM, ABUJ, TRCE, DALB up between 0.3% to 1.1% on the day

** In 2024, ULTC was best performing stock of the lot with 8.8% gains; followed by ABUJ's ~3% rise

($1 = 85.7420 Indian rupees)

(Reporting by Hritam Mukherjee in Bengaluru)

(([email protected];))

Nov 27 (Reuters) - Ramco Cements Limited TRCE.NS:

• CFO TO SELL 10,000 SHARES OF CO IN APRIL 2025

Source text: ID:nBSE7nH2yZ

Further company coverage: TRCE.NS

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Nov 25 (Reuters) - Ramco Industries Ltd RAMC.NS:

• ACQUIRED SHARES OF THE RAMCO CEMENTS FOR 126.7 MILLION RUPEES

Source text: ID:nBSE6hn4gl

Further company coverage: RAMC.NS

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Nov 21 (Reuters) - Ramco Industries Ltd RAMC.NS:

• RAMCO INDUSTRIES - ACQUIRED SHARES OF RAMCO CEMENTS WORTH 293.4 MILLION RUPEES

Further company coverage: RAMC.NS

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Nov 18 (Reuters) - Ramco Industries Ltd RAMC.NS:

• RAMCO INDUSTRIES - ACQUIRED 4,66,600 SHARES OF RAMCO CEMENTS FOR 419.5 MILLION RUPEES

Source text: ID:nBSEXWSVz

Further company coverage: RAMC.NS

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Nov 11 (Reuters) - Ramco Industries Ltd RAMC.NS:

• RAMCO INDUSTRIES - APPROVED RAISING OF CREDIT FACILITIES

• RAMCO INDUSTRIES - TO INVEST IN RAMCO CEMENTS FOR VALUE UPTO 1.6 BILLION RUPEES

• RAMCO INDUSTRIES - APPROVED RAISING OF CREDIT FACILITIES OF UP TO 1.6 BILLION RUPEES

Source text: ID:nBSEbyxvBX

Further company coverage: RAMC.NS

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** Indian cement firms are expected to attempt a price hike in September after mid-August hikes were rolled back amid weak demand, brokerage Nomura says

** Hike per bag of 14 rupees ($0.17) expected pan-India but dealers wary of absorption - note

** Brokerage prefers Shree Cement SHCM.NS, Ambuja Cements ABUJ.NS and Ramco Cements TRCE.NS within sector

** Monsoons, upcoming festival period to keep demand subdued; see uptick in November - Nomura citing dealers

** Avg pan-India cement prices at 3-yr lows; note adds hikes "desperate attempt" to halt moderation of prices rather to lift them

($1 = 83.8520 Indian rupees)

(Reporting by Hritam Mukherjee in Bengaluru)

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July 25 (Reuters) - Ramco Cements Limited TRCE.NS:

• RAMCO CEMENTS - CAPEX GUIDANCE FOR FY25 AT12 BILLION RUPEES

Further company coverage: TRCE.NS

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July 11 (Reuters) - Ramco Cements Limited TRCE.NS:

• RAMCO CEMENTS - CO'S APPEAL BEFORE CESTAT WAS ALLOWED

Source text for Eikon: ID:nBSE7n9Ppy

Further company coverage: TRCE.NS

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** Shares of India's Ambuja Cements ABUJ.NS up as much as 3.7% to record high of 689 rupees; Nifty 50 .NSEI down 0.2%

** Adani-owned co bought smaller rival Penna Cement Industries PENC.NS in a $1.25 billion deal

** Ambuja now among top 3 cement producers in south India alongside UltraTech ULTC.NS and Ramco TRCE.NS, Jefferies says

** Ambuja said deal will help increase Adani's share in India's southern cement market by ~8%

SOUTHERN COMPETITION

** Jefferies ("buy", PT 735 rupees): Growing dominance of ULTC post the Kesoram deal, and ABUJ suggest a competition for market share in south India and is negative for regional firms

** Antique Stock Broking ("buy", PT 700 rupees): Short-term pricing pain in southern markets may continue as ABUJ ramps up Penna; ULTC, ABUJ to be key beneficiaries of increasing consolidation

** Emkay Research ("buy", PT 700 rupees): Deal to solidify ABUJ's hold in "highly fragmented" southern markets; long-term consolidation expected to improve pricing discipline

(Reporting by Hritam Mukherjee in Bengaluru)

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Adds details, background, analyst quote in paragraph 4

By Hritam Mukherjee

BENGALURU, June 13 (Reuters) - Adani-backed Ambuja Cements ABUJ.NS bought out smaller rival Penna Cement Industries PENC.NS on Thursday for an enterprise value of 104.22 billion rupees ($1.25 billion), dialling up its presence in India's southern region.

The deal comes nearly a year after the conglomerate, through Ambuja, bought a majority stake in debt-ridden Sanghi Industries SNGI.NS, to boost its cement presence in the country and compete with market leader UltraTech Cement ULTC.NS.

Ambuja said the buyout of Penna Cement will help improve Adani's share in India's southern cement market by roughly 8%, with the deal coming a few months after UltraTech bolstered its own hold in the region by buying Kesoram's KSRM.NS cement assets.

"The acquisition of Penna is very favourable for Ambuja, as Adani's plants in the southern region were unmatched to UltraTech before. This region is key to Adani to boost its pan-India market share and narrow the lead UltraTech has across the country," said Ashutosh Murarka, research analyst at Choice Broking.

Indian cement makers are looking for ways, including dealmaking, to ramp up production and meet demand for the construction material amid upbeat housing momentum and strong government spending on infrastructure.

Adani Group, the ports-to-power conglomerate, had said in December it plans to spend $84 billion over the next decade towards infrastructure projects.

Ambuja will fund the buyout of Penna through internal accruals. The deal will give Ambuja access to Penna's operational facilities in Andhra Pradesh and Telangana, and under-construction facilities in Rajasthan.

Penna's cement assets, which total to 14 million tons per annum (MTPA), will help the conglomerate beef up its capacity as it aims to reach 140 MTPA by 2028. The latter's capacity, as of March-end, stood at 79 MTPA.

($1 = 83.5406 Indian rupees)

(Reporting by Hritam Mukherjee in Bengaluru; Editing by Mrigank Dhaniwala, Varun H K and Krishna Chandra Eluri)

(([email protected]; X: @MukherjeeHritam;))

** Shares of India's Ramco Cements TRCE.NS up 1.4%, trimming some gains after a 3.3% jump earlier in the session

** Low prices in key South India market helped maker's cement volumes rise to 5.5 million tonnes in Q4

** Co's volume growth of 17% y/y exceeds Centrum's 7% growth view, brokerage maintains "reduce" rating

** Brokerage Antique Stock Broking retains "buy" rating, adds "worst in terms of pricing, especially in the South, seems likely behind"

** Both brokerages cut TP:

** South India-focussed cement maker's Q4 profit fell-more-than-feared as cement prices in the region hit four-yr-lows

** YTD TRCE has shed over 23%

(Reporting by Hritam Mukherjee in Bengaluru)

(([email protected];))

May 22 (Reuters) - Ramco Cements Limited TRCE.NS:

• RAMCO CEMENTS LIMITED - DIVIDEND 2.5 RUPEESPER SHARE

• RAMCO CEMENTS Q4 NET PAT 1.21 BILLION RUPEES; LSEG IBES PROFIT EST. 1.27 BILLION RUPEES

• RAMCO CEMENTS Q4 REVENUE FROM OPERATIONS 26.73 BILLION RUPEES

• RAMCO CEMENTS YEAR AGO Q4 NET PAT 1.52 BILLION RUPEES, REVENUE FROM OPERATIONS 25.7 BILLION RUPEES

Source text for Eikon: ID:nBSE1gwKsw

Further company coverage: TRCE.NS

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April 2 (Reuters) - Ramco Cements Limited TRCE.NS:

• RAMCO CEMENTS LIMITED - CO COMMISSIONED LINE II, COMMENCED COMMERCIAL PRODUCTION ON 31ST MARCH 2024

• RAMCO CEMENTS LIMITED - AGGREGATE CAPACITY OF ODISHA GRINDING UNIT HAS INCREASED TO 1.8 MTPA

• RAMCO CEMENTS - COMMISSIONED LINE II AND COMMENCED COMMERCIAL PRODUCTION AT JAJPUR UNIT EFFECTIVE MAR 31

Source text for Eikon: ID:nBSE6jS6sc

Further company coverage: TRCE.NS

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** Earnings of India's J K Cement JKCE.NS likely to outperform peers on higher volume growth - Antique Stock Broking

** Brokerage expects JKCE's volume CAGR of ~13% over FY19-24 led by accelerated ramp-up of capacities vs ~5% volume CAGR for the industry

** Company aims to more than double capacity to ~50 mtpa by 2030-31, implying near double-digit volume CAGR in medium term - brokerage

** Brokerage retains "buy" rating, PT at 4,500 Indian rupees; adds company remains top pick among mid-caps

** Avg recommendation of 20 analysts is "buy", median PT 4,456.50 rupees - LSEG

** UltraTech Cement ULTC.NS, ACC ACC.NS, Ambuja Cements ABUJ.NS also rated "buy"; Shree Cement SHCM.NS, Ramco Cements TRCE.NS "hold", India Cements ICMN.NS "sell"

** JKCE up 6% YTD vs Nifty mid-cap index's .NIFSMCP100 1% decline

(Reporting by Rama Venkat in Bengaluru)

(([email protected]; https://twitter.com/ramavenkat0607))

MUMBAI, March 12 (Reuters) - India's DMI Finance has accepted bids worth 4.64 billion Indian rupees ($56.07 million) for bonds maturing in three years, three bankers said on Tuesday.

It will pay an annual coupon of 9.80% and had invited commitment bids for the issue on Monday, they said.

Here is the list of deals reported so far on March 12:

*Size includes base plus greenshoe for some issues

($1 = 82.7540 Indian rupees)

(Reporting by Dharamraj Dhutia
Editing by)

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** Shares of Ambuja Cement ABUJ.NS up 0.9% at 608.15 rupees, trading between gains of 1.5% and losses of 0.3% in session so far

** Upcoming fund infusion of 150 bln rupees ($1.81 bln) from large shareholder could potentially help co reach 140 mtpa capacity target well ahead of its FY28 forecast, ICICI Securities says

** "Set amid the ongoing industry-wide race for capacity creation, the cushion of rising cost efficiency will likely give ABUJ a leg up versus peers" - ICICI Securities

** Brokerage notes under Adani Group, ABUJ has narrowed margin gap of >6% vs peers in past 3 quarters, mainly led by cost controls

** ICICI Securities rates ABUJ 'buy', raises target price to 831 rupees from 668 rupees

** ICICI's PT is the second-highest of 32 analysts, just behind Nirmal Bang's 915 rupees - LSEG

** Avg recommendation on ABUJ, ACC ACC.NS, UltraTech Cement ULTC.NS, Dalmia Bharat DALB.NS is 'buy', while Shree Cement SHCM.NS and Ramco Cements TRCE.NS rated 'hold' - LSEG

** Stock risen 16.5% YTD, after 0.6% decline in 2023

($1 = 82.6780 Indian rupees)

(Reporting by Rama Venkat in Bengaluru)

(([email protected]; https://twitter.com/ramavenkat0607;))