Economy & Market

Capacity utilisation fall to 13-year low

Published

14 years ago

May 31, 2011

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According to the Cement Manufacturers Association the Indian cement industry, struggling with oversupply, saw capacity utilisation fall to a 13-year low of 83.9 per cent for 2010-11. The manufacturers have enjoyed an average utilisation of 90 per cent in the past decade. It stood 96 per cent in the past five years. The industry added capacity of 82 million tonnes per annum (mtpa) in the past two years, taking the total to 290 mtpa. The glut is felt more in the western and southern regions than the north, central and east (NCE). In the west and south, capacity utilisation fell to 75 per cent in 2010-11, as compared to 92 per cent in 2008-09. The extended monsoon, lacklustre response from real estate, hike in input costs and increase in cement prices are state as the causes for the low capacity utilisation of cement.

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/