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TN builders protest hike in prices of cement and sand

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Protesting to the rising prices of cement and sand, the Builders Association of India (BAI) proposed to stage a state-wide demonstration in Coimbatore. "The association is to take out a rally and present a memorandum to officials concerned," said K. Viswanathan, National Vice-President of BAI. The cement companies allegedly created an artificial demand to increase the price and want the situation corrected immediately. S Pandian, Chairman, BAI Madurai Chapter, said that the price of a bag of cement has increased by around 20 per cent within the last two to three months alone despite cement companies having been fined for malpractices. Despite a verdict from the Competition Commission of India (CCI) there seemed to be no control over the prices of cement. The cement companies did not reduce prices despite the CCI order. Currently the price has risen to Rs 330 per bag from Rs. 260-275 and the price of sand rose up to Rs 5,000 from Rs.3, 000.

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Concrete

Shree Cement reports 2025 financial year results

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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/

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Concrete

Rekha Onteddu to become director at Sagar Cements

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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/

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Concrete

India’s cement consumption set to rise

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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/

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