Economy & Market

Jiangxi Wannianqing Cement to issue shares

Published

14 years ago

January 3, 2011

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Jiangxi Wannianqing Cement intends to raise CNY 692 million by issuing 65 million shares at CNY 10.64 per share. Of the total money raised, CNY 500 million will be used to supplement its working capital and acquire a 50 per cent stake in Jinxi Cement. The remaining funds will go to a thermal power project and the construction of two cement mixers. Since Nanfang Wannianqing Cement, Jiangxi Wannianqing Cement subsidiary also holds a 50 per cent stake in Jinxi Cement, Jiangxi Wannianqing will be entitled to 75 per cent of Jinxi Cement’s net profit after the acquisition. Jinxi Cement posted a net profit of CNY 29.97 million in 2009 and CNY 25.81 million for the first nine months of 2010.

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/