RAMCOCEM

** 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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** Indian cement makers Ramco Cements TRCE.NS down 3% at 796.20 rupees, Dalmia Bharat DALB.NS down 2.2% at 1,605 rupees

** Ramco down ~8% so far this week, its steepest weekly fall since week ending February 5, 2024

** DALB sees worst week since December 16, 2024, down 5.3%

** Southern Indian state Tamil Nadu imposed 160 rupees per ton tax on limestone mining this week

** Kotak Institutional Equities says TRCE is worst impacted as it has 50% clinker capacity in Tamil Nadu, sees 10% impact on FY26 EBITDA

** DALB said it expects 1.30 billion rupees ($14.94 million) per year impact due to mining tax, plans to pass cost to customers

** TRCE down 17% YTD, while DALB down over 9% YTD

($1 = 87.0400 Indian rupees)

(Reporting by Sethuraman NR)

(([email protected]; (+91 9945291420); Reuters Messaging: [email protected]))

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)

(([email protected] ; ( +91 8078332441))

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)

(([email protected];))

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

• RAMCO CEMENTS Q1 NET PAT 355 MILLION RUPEES; IBES EST. 442. 6 MILLION RUPEES

• RAMCO CEMENTS Q1 REVENUE FROM OPERATIONS 20.88 BILLION RUPEES, IBES EST. 21.91 BILLION RUPEES

Source text for Eikon: ID:nNSE2xrP1

Further company coverage: TRCE.NS

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** Shares of Ambuja Cements ABUJ.NS rise 2.1% to 675.6 rupees

** Nomura double upgrades ABUJ to "buy" from "reduce"; raises PT to 780 rupees, a 56% upside

** Says co's aggressive capacity expansion with acquisition of Penna Cement will imply 14% compound annual growth in capacity for ABUJ over FY24-26

** AMBJ could see highest volume growth vs 6% and 9% growth, respectively, for industry, rival Ultratech ULTC.NS - Nomura

** Adds, entry into newer markets will help ABUJ become third-largest player in southern India, behind Ultratech and Ramco Cements TRCE.NS

** ABUJ among top gainers on Nifty 100 .NIFTY100, Nifty infrastructure .NIFTYINFRA

** ABUJ has a fwd 12-month PE ratio of 33 on NIFTYINFRA index vs 34 for ULTC

(Reporting by Ashna Teresa Britto in Bengaluru)

(([email protected] ; ( +91 8078332441))

** KCP KCP.NS drops 0.8%, only Indian cement stock in the red

** Bigger rival Ambuja Cements ABUJ.NS buys Penna Cement in a $1.25 bln deal, bolstering south India presence

** ~60% of Penna's capacity is in Andhra Pradesh, while KCP's two cement plants are also in that state

** Ambuja and fellow Adani-group cement stock ACC ACC.NS are both up ~2% on the day

** Other cement firms with Andhra Pradesh presence also gain: India Cement ICMN.NS 1.8%, Ramco Cements TRCE.NS 0.5%, Sagar Cement SGRC.NS 4%

** KCP has surged ~27% since India's elections, in which Telugu Desam Party (TDP) chief Chandrababu Naidu returned to power in A.P.

** Analysts say Naidu could revive his ambitious project to develop Amravati, which he has suggested as state capital

** Sagar up 20% since election results, Ramco ~13%, India Cements ~3%; Ambuja has gained ~1% and ACC is flat

(Reporting by Savio Dsouza)

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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 NIIF Infrastructure Finance plans to raise 6 billion rupees ($72.51 million) through sale of bonds maturing in 12 years, three bankers said on Tuesday.

The company has invited bids from bankers and investors for the issue on Wednesday, they said.

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

* Size includes base plus greenshoe for some issues

($1 = 82.7520 Indian rupees)

(Reporting by Dharamraj Dhutia; Editing by Sherry Jacob-Phillips)

(([email protected]))

** 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;))

MUMBAI, March 6 (Reuters) - India's Pipeline Infrastructure plans to raise up to 64.52 billion rupees ($778.5 million) through an issue of bonds with maturities ranging from three to five years, three bankers said on Wednesday.

The company will pay an annual coupon of 7.96% on each issue, and has invited commitment bids from bankers and investors on Thursday, they said.

Here is the list of deals reported so far on March 6

*Size includes base plus greenshoe for some issues

($1 = 82.8800 Indian rupees)

(Reporting by Dharamraj Dhutia and Bhakti Tambe; Editing by Dhanya Ann Thoppil)

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Adds mention of Ramco Cements in last bullet, updates shares in penultimate bullet

** Core profit per ton of Indian cement makers is likely to decline Q/Q in the range of 70 rupees to 100 rupees in Q4, brokerage Emkay Research says

** Pan-India prices so far in Q4 are 3%-3.5% lower than average prices in Q3, led by declines in east and south regions, says note

** Adds QTD, volumes likely rose in mid-single digits Y/Y

** Emkay expects demand trends to improve in March but says any material price hike unlikely before general elections due by May

** Brokerage's "top picks" are sector leader UltraTech Cement ULTC.NS and Adani-owned Ambuja Cements ABUJ.NS

** Adds relative demand slowdown, market share fight by larger players led prices to dip 1.5%-2% M/M in Feb

** ULTC slips 0.9% while ABUJ largely flat

** The Ramco Cements TRCE.NS - which counts south and east as its major markets and has a "reduce" rating from the brokerage - loses ~3%

(Reporting by Hritam Mukherjee in Bengaluru)

(([email protected];))

** Shares of Ramco Cements TRCE.NS down as much as 8.3% to 893.55 rupees

** The cement maker missed analysts' estimates for third-quarter profit, dragged down by softer demand and weak prices

** Co's standalone net profit after tax rose 39%, and rev from ops up 5%

** Co logged a volume growth of 10% in the quarter, falling short of analysts' expectations of 14%-15% growth

** Average rating of 28 analysts equivalent of "hold"; median PT 1,000 rupees - LSEG data

** Stock posts biggest intraday pct loss since Nov 2022, and on track to snap a two-week streak of gains, if trend holds

** TRCE stis down 9.3% so far this year

(Reporting by Navamya Ganesh Acharya in Bengaluru)

(([email protected]; +91 8805175330 ;))

Feb 8 (Reuters) - Ramco Cements Limited TRCE.NS:

• DEC-QUARTER NET PAT 933.8 MILLION RUPEES VERSUS 673.9 MILLION RUPEES

• DEC-QUARTER REVENUE FROM OPERATIONS 21.06 BILLION RUPEES VERSUS 20.09 BILLION RUPEES

Source text for Eikon: ID:nBSE3hQfVW

Further company coverage: TRCE.NS

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