Economy & Market

Cement dispatch soars in AP

Published

14 years ago

March 1, 2011

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Andhra Pradesh has reported good demand growth for cement in December 2010. According to industry estimates, the demand increased to 21.7 lakh tonne in December 2010 from 19.5 lakh tonne and 17.7 lakh tonne in November 2010 and October 2010 respectively. This growth was despite the state facing logistics problems and other disruptions due to the month-long agitation for a separate Telangana state. Demand had fallen to 15.5 lakh tonne in September 2010 due to unfortunate events. Dispatches soared in the last one week of December 2010 supported by continuing construction activity in housing and other infrastructure projects and the impact of good season pepped up demand and sales. The demand has support from prices which are now looking up and ruling in the range of Rs 155-165 a bag. In September-October 2009, prices had hit a low of Rs 125-135, marking a decline of over 20 per cent compared with the previous year.

Concrete

Shree Cement reports 2025 financial year results

Published

5 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

5 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

5 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/