Economy & Market

Shree Cement sees 30% growth in 1st quarter

Published

13 years ago

August 28, 2012

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HM Bangur, Managing Director, Shree Cement, has said the company’s volumes grew 30 per cent in first quarter and capacity utilisations for the last two quarters is more than 100 per cent. The company is able to sell whatever it is producing, he added.Cement prices in Northern India fell by Rs 10-15 on an average in the first quarter due to adverse weather conditions. Prices in the last two quarters were very good, infact they were the peak prices. But, in this quarter because of drought conditions earlier and heavy rains now, prices have slipped, he explained.Commenting on Competition Commission of India’s (CCI) Rs 400 crore fine, Bangur said, the company was given a chance to defend. He added that the company was fined suddenly. He said the company will definitely challenge it in the court then judiciary will decide what to do.

Concrete

Cement industry to gain from new infrastructure spending

Published

7 days ago

July 24, 2025

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As per a news report, Karan Adani, ACC Chair, has said that he expects the cement industry to benefit from the an anticipated US$2.2tn in new public infrastructure spending between 2025 and 2030. In a statement he said that ACC has crossed the 100Mt/yr cement capacity milestone in April 2025, propelling the company to get closer to its ambitious 140Mt/yr target by the 2028 financial year. The company’s capacity corresponds to 15 per cent of an all-India installed capacity of 686Mt/yr.

Image source:https://cementplantsupplier.com/cement-manufacturing/emerging-trends-in-cement-manufacturing-technology/

Concrete

AI boom drives demand, says ACA

Published

7 days ago

July 24, 2025

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The American Cement Association projects a nearly 1Mt annual increase in US cement demand over the next three years, driven by the surge in AI data centres. Consumption by data centres is expected to grow from 247,000 tonnes in 2025 to 860,000 tonnes by 2027. With over 5,400 AI data centres currently operating and numbers forecast to exceed 6,000 by 2027, the association cautions that regulatory hurdles and labour shortages may impact the industry’s ability to meet demand.

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Concrete

GoldCrest Cement to build plant in India

Published

1 week ago

July 23, 2025

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GoldCrest Cement will build a greenfield integrated plant with a 3.5Mt/yr clinker capacity and 4.5Mt/yr cement capacity. GoldCrest Cement appointed Humboldt Wedag India as engineering, procurement and construction contractor in March 2025 and targets completion by March 2027. It has signed a 40-year supply agreement with Gujarat Mineral Development Corporation for 150Mt of limestone from its upcoming Lakhpat Punrajpur mine in Gujarat.