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Ambuja Cements purchases 60% equity stake in Dirk India

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Ambuja Cements has stated that it has purchased 60% equity stake in processed fly ash manufacturer Dirk India for a sum of Rs 16.51 crore. In a statement to the BSE, Ambuja Cements stated that with this acquisition, Dirk India and Dirk Pozzocrete have turned into arms of the company. Dirk Pozzocrete is the company’s arm, which is based in the state of Maharashtra. The equity stake was purchased from the Dirk India’s promoters. Ambuja Cements added that the company has daily processed fly ash fabrication capacitance of 2,500 tonne. "During the financial year 2010-11, the Dirk generated sales revenue of Rs. 55.40 crore and earned EBITDA of Rs. 6.8 crore," Ambuja added. In the year 2001, Dirk India had got a 30-year deal for the exclusive recycling of all Pulverised Fuel Ash from Nashik Thermal Power Station of the Maharashtra State Electricity Board.

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Concrete

Shree Cement reports 2025 financial year results

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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/

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Concrete

Rekha Onteddu to become director at Sagar Cements

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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/

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Concrete

India’s cement consumption set to rise

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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/

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Economy & Market

Ambuja Cements purchases 60% equity stake in Dirk India

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on

Shares
Ambuja Cements has stated that it has purchased 60% equity stake in processed fly ash manufacturer Dirk India for a sum of Rs 16.51 crore. In a statement to the BSE, Ambuja Cements stated that with this acquisition, Dirk India and Dirk Pozzocrete have turned into arms of the company. Dirk Pozzocrete is the company’s arm, which is based in the state of Maharashtra. The equity stake was purchased from the Dirk India’s promoters. Ambuja Cements added that the company has daily processed fly ash fabrication capacitance of 2,500 tonne. "During the financial year 2010-11, the Dirk generated sales revenue of Rs. 55.40 crore and earned EBITDA of Rs. 6.8 crore," Ambuja added. In the year 2001, Dirk India had got a 30-year deal for the exclusive recycling of all Pulverised Fuel Ash from Nashik Thermal Power Station of the Maharashtra State Electricity Board.

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Concrete

Shree Cement reports 2025 financial year results

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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/

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Concrete

Rekha Onteddu to become director at Sagar Cements

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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/

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Concrete

India’s cement consumption set to rise

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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/

Continue Reading

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