Economy & Market

Century to invest Rs 2,408 cr to up cement production

Published

13 years ago

August 5, 2012

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Century Textiles and Industries is to expand its cement production capacity by 4.3 million tonne at an investment of Rs 2,408 crore.Managing Director of the company Kumar Mangalam Birla on August 2 said that due to rise in input costs in the industries and slowdown in demand in most of business verticals affected the company’s profit. However, with rapid infrastructure development and urbanisation, the company expect its cement vertical to grow after the monsoon, he added.The company is in line with its expansion plan in the cement vertical. Its capacity expansion is for 4.3 million tonne taking the total capacity to 12.8 million tonne at an investment of Rs 2,408 crore, he said.The company expects the cement demand to grow by 8-9 per cent this fiscal from 6.5 per cent last year, he added. Century posted 89.92 per cent fall in net profit for quarter ended June 30, at Rs 2.41 crore compared to Rs 23.90 crore for the same quarter in the previous year.The company’s total income increased by 18.25 per cent at Rs 1,394.75 crore in the reported quarter compared Rs 1,179.51 crore for the corresponding quarter previous year.

Concrete

Shree Cement reports 2025 financial year results

Published

6 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

6 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

6 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/