Economy & Market

Gaurang Doshi of Mahaveer Agency

Published

13 years ago

April 30, 2012

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Dealers and stockists are the vital links between the cement industry and its customers. They are the people who are in constant touch with the end-users. They are the ‘pulse of the industry’. We bring to you the voice of the dealers and stockists, featuring their suggestions, expectations and much more, for a better tomorrow for the industry.Mahaveer Agency has been in the cement business for the last 30 years. Gaurang Doshi is taking ahead a family business of cement dealing. The company deals in various brands like Ambuja Cement, ACC Cement, Mycem Cement and Jaypee Cement. The company’s area of operations is within Mumbai and Thane. When queried on which are the largest selling brands under his company, Doshi replied, "We largely sell Ultratech Cement." He further stated, "We sell only PPC grade cement."The company sells cement in the wholesale category. Commenting on the company’s despatch, Doshi said, "Our monthly despatch is 1000 mt." The company has received great response from every cement company and has not faced any delay in stock arrival. When asked on the shift towards the Goods and Services Tax (GST), he stated, "It is nice to know that GST is set to be implemented." However, he feels that it will not make a major difference to their business.

Concrete

Shree Cement reports 2025 financial year results

Published

5 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

5 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

5 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/