Economy & Market

Dinesh Gupta of Vishal Trading Corporation

Published

14 years ago

January 3, 2011

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Dinesh Gupta of Vishal Trading Corporation has been a dealer for the past 25 years and he trades in grey cement (Ambuja) and white cement (Birla). About the volatility in cement prices, he said, "Volatility in cement prices doesn’t affect us." He expects better quality cement and better services from the manufactures. He stocks cement, but for 5-10 days. On the demand he explained, "There is no demand for higher grade cement, it is the PPC that are preferred, and it sells more." Regarding the fuel price hike, he said, "Whenever there is hike in petrol/diesel price, our profits decrease and we also have to pick up cement directly from the manufacturers," he informed. The company has tie-up with banks and taxes affect him the most as it dents his profits. Dinesh Gupta is a member of the Cement Stockists & Dealers Association of Bombay.

Concrete

Shree Cement reports 2025 financial year results

Published

4 days ago

June 17, 2025

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Shree Cement posted revenue of US$2.38 billion for FY2025, marking a 5.5 per cent decline year-on-year. Operating costs rose 2.9 per cent to US$2.17 billion, resulting in an EBITDA of US$528 million—down 12 per cent from the previous year. Net profit fell 50 per cent to US$141 million. The company reported cement sales of 9.84Mt in Q4 FY2025, a 3.3 per cent increase from 9.53Mt in Q4 FY2024, with premium products making up 16 per cent of total sales.

Image source:https://newsmantra.in/

Concrete

Rekha Onteddu to become director at Sagar Cements

Published

4 days ago

June 17, 2025

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Sagar Cements has announced the appointment of Rekha Onteddu as a non-executive independent director, effective 30 June 2025. According to People in Business News, Rekha Onteddu is currently serving in a similar capacity at Andhra Cements, the parent company of Sagar Cements.

Image source:https://sagarcements.in/

Concrete

India’s cement consumption set to rise

Published

4 days ago

June 17, 2025

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According to a Moody’s report, India’s cement consumption is projected to rise by 50 per cent over the next five years, increasing from 445 million metric tons per annum (MMTPA) in FY24 to 670 MMTPA by 2030. This growth is expected to be driven by government infrastructure spending and rising housing demand, with an anticipated annual growth rate of 6-7 per cent. To meet this demand, major cement companies are likely to continue acquiring smaller, less profitable firms.

Image source:https://www.telegraphindia.com/