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The muted trend in cement prices has become a niggling worry. A meaningful improvement in demand and pricing is possible only in the second half of FY25. Why are stock prices surging then? ....
The company has planned capex of ₹1,200 crore in FY24, ₹2,200 crore in FY25, and ₹1,800 crore in FY26. At the end of December 2023, its gross debt stood at ₹4,585 crore, and this is expected to peak at ₹5,600 crore by FY26. ....
InGovern said although the sale price as part of the deal would be below market benchmarks, the transaction would ensure higher capacity utilisation for Sanghi Industries ....
Sanghi Industries signed a contract with Ambuja Cements to supply its entire production to Ambuja and ACC at a fixed 10 percent markup over the production cost. ....