Economy & Market

Vizag Steel plans Rs 2k cr slag-based cement plant

Published

13 years ago

May 31, 2012

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A slag-based cement plant with a plan outlay of about Rs 2,000 crore has been being planned by the Visakhapatnam Steel Plant (VSP or Vizag Steel). VSP generates over 8,00,000 tonne of slag every year as a by-product, of which some 1,000 tonne are being exported.NS Rao, Director (Projects), VSP said on June 13 in Visakhapatnam that to fully utilise the slag and fly-ash, the management is now seriously looking at starting a slag-based cement plant. VSP wants to set up this cement plant with private participation. L&T, KCP Cements and a few other cement giants have already expressed their interest to join hands with VSP. Vizag Steel Plant will take a 50 per cent stake in the proposed plant, he said.VSP is spending another Rs 1,100 crore on a proposed slurry pipeline. NMDC and VSP are jointly laying the 436-km pipeline for transporting 10 million tonne of iron ore for an investment of Rs 2,200 crore.Of the total project cost, 50 per cent will be borne by VSP. The project would be completed in two years from the day of signing the agreement, he said, adding the present expansion of the plant, from 3 million tonne to 6.3 million tonne would fully be completed by the end of this financial year.

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/