Economy & Market

Nanoengineered cement wins MIT award

Published

14 years ago

March 1, 2011

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Nanoengineered cement beat out a handful of other technologies in this year’s MIT Entrepreneurship Competition, earning its creators a $100,000 prize. C-Crete Technologies, which created a new type of cement that cuts down on carbon dioxide emissions and yet is stronger than any current cement, took home the top prize at the awards ceremony on MIT’s campus in Cambridge, Massachusetts. A panel of judges composed of fellow entrepreneurs, venture capitalists, and industry executives chose C-Crete as the winner based on the execution of its business plan and presentation."For many years, the world has been looking for simple, scalable solutions to reduce the global carbon footprint and limit its impact on the environment," Natanel Barookhian, an MIT Sloan School of Management MBA graduate and one of C-Crete’s founders, said in a statement. "We at C-Crete Technologies have developed a method for tackling this issue by targeting the production of cement, one of the most widely used materials on earth, while improving all of its core properties."

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/