Economy & Market

Prices declined by 10% during the lean June-August period – CRISIL

Published

14 years ago

October 31, 2011

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The average pan-India retail cement price increased by about 3 per cent month-on-month to Rs 265 per bag in September 2011. "The upturn is stoked by an expectation that demand would revive post-monsoons, while prices could rise further by 2-3 per cent in October 2011," said Ajay D’Souza, Head, CRISIL Research. Prices had declined by 10 per cent during the lean June-August period. Data released by the Cement Manufacturers Association indicated that cement dispatches grew only by 1.2 per cent year-on-year in September 2011. D’Souza explained that weak demand in southern India, particularly Andhra Pradesh, is responsible for the subdued growth in dispatches. The ongoing political uncertainty over the Telangana issue have affected real estate and infrastructure projects in AP.

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/