Economy & Market

Pak cement cos slash 13% in export price for India

Published

13 years ago

July 10, 2012

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Considering the appreciation of the greenback versus the Indian Rupee, Pakistani cement manufacturers have reduced export price for India by 13 per cent. Market sources said this move will help capture the Indian export market, which has lot of potential despite many hurdles particularly transportation and Bureau of Indian Standards (BIS) certification.The Pakistatn cement producers said that due to deprecation of PKR, Pakistani cement manufacturers reduced the commodity price by $9 per tonne. With the current price decline, cement is now being exported to India at an average price of $60 per tonne as compared to $69 previously.The price cut will help Pak cement companies to maintain export growth to India, which is also a major importing country of Pakistani cement. Though, cement export to India registered a growth of some 3 per cent to 605,543 tonne during FY12 compared to export of 590,102 tonne in FY11, cement sector is still not satisfied with the current growth of export to India saying that export can cross one million tonne, if the hurdles are removed.The Pak cement producers claimed that the quality of Pakistani cement is much better than Indian cement. Pakistani cement consumption is some 5 to 10 per cent less than Indian cement, hence imported cement from Pakistan is cheaper for India, they added.

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/