Economy & Market

Cement prices rise 50 per cent in Bihar as supplies fall

Published

13 years ago

March 31, 2012

admin

In past few months, cement prices in the eastern state have jumped almost 50 per cent due to fall in production from one of the biggest suppliers, even as construction activity continues to boom across the state.The eastern state, which does not have any major cement producing plant and relies on supplies from plants located in Satna, Madhya Pradesh, is grappling with an unprecedented rise in cement prices, which have surpassed that in Gujarat, one of the largest cement consuming states in India.Compounding the situation is the shutdown of a unit of Prism Cements in Satna, which has a significant share in the Bihar market."Clinker production in Unit II at Satna will be temporarily suspended as there has been damage to the blending silo. Cement production and dispatches shall continue", stated a Prism Cement spokesman.Also, operations, both for clinker and cement, at Unit I at Satna continue to be normal." Prism has the capacity to make 5.6 million tonnes a year.Hari Kishore Singh, a cement stockist in Patna, said he is currently selling cement at about Rs 365-385 for a 50 kg bag. The price of the same bag used to cost Rs 230-250 two months ago."There is a supply shortage in this peak construction season, so prices have gone up.

Concrete

Shree Cement reports 2025 financial year results

Published

5 days ago

June 17, 2025

admin

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

admin

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

admin

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/