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Mixed Signals

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At the time of going to press there comes some positive news. Cement stocks have outperformed, as against other indices, at the stock market. The bigger enterprises such as ACC, Ambuja and UltraTech are doing well and this is befuddling the analysts. There are too many negatives for cement companies at the moment. Lower demand, margin pressure, lower capacity utilisation, higher input costs, lower-than-expected growth in profits and the decade’s lowest demand growth, and yet, investors seem to have reasons to believe that the cement sector will do well in the future.Not just cement, the seven other core infrastructure industries growth slowed down to 2.3 per cent for September as against 3.3 per cent during the same period a year ago, mainly due to rising cost of credit and inputs and weak demand. The same grew by 3.7 per cent in August. Steel and cement sectors are down and grew at a pace of 6.6 per cent and 0.9 per cent as against 11.7 per cent and 5.2 per cent during the same period last year. Experts blame this slowdown on decline in coal production. According to economists construction, a prime reason for decline of cement demand, has been the weakest component of the GDP. The cement sector is hoping that these. figures are more likely because of the monsoon.Our cover story features Shree Cement, which has been named one of the 16 new sustainable champions in the world by the World Economic Forum and the Boston Consulting Group. It is a matter of pride that an Indian cement enterprise (another Indian winner is Suzlon) has won this accolade. The organisation deserves to be on the cover and their action needs to be emulated by one and all in the sector. We also feature Lafarge cement in spotlight and an interview with Umesh Shrivasthava, Executive Chairman of Holtec Consulting, apart from our regular features on technology, products, prices and stock update.Please send in your feedback/letters toeditorial@indiancementreview.com

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Concrete

Cement industry to gain from new infrastructure spending

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As per a news report, Karan Adani, ACC Chair, has said that he expects the cement industry to benefit from the an anticipated US$2.2tn in new public infrastructure spending between 2025 and 2030. In a statement he said that ACC has crossed the 100Mt/yr cement capacity milestone in April 2025, propelling the company to get closer to its ambitious 140Mt/yr target by the 2028 financial year. The company’s capacity corresponds to 15 per cent of an all-India installed capacity of 686Mt/yr.

Image source:https://cementplantsupplier.com/cement-manufacturing/emerging-trends-in-cement-manufacturing-technology/

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Concrete

AI boom drives demand, says ACA

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The American Cement Association projects a nearly 1Mt annual increase in US cement demand over the next three years, driven by the surge in AI data centres. Consumption by data centres is expected to grow from 247,000 tonnes in 2025 to 860,000 tonnes by 2027. With over 5,400 AI data centres currently operating and numbers forecast to exceed 6,000 by 2027, the association cautions that regulatory hurdles and labour shortages may impact the industry’s ability to meet demand.

Image source:https://img-s-msn-com.akamaized.net/tenant/amp/entityid/AA1zOrih.img?w=2000&h=1362&m=4&q=79

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Concrete

GoldCrest Cement to build plant in India

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GoldCrest Cement will build a greenfield integrated plant with a 3.5Mt/yr clinker capacity and 4.5Mt/yr cement capacity. GoldCrest Cement appointed Humboldt Wedag India as engineering, procurement and construction contractor in March 2025 and targets completion by March 2027. It has signed a 40-year supply agreement with Gujarat Mineral Development Corporation for 150Mt of limestone from its upcoming Lakhpat Punrajpur mine in Gujarat.

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