Economy & Market

UltraTech to focus more on domestic market: Birla

Published

13 years ago

September 9, 2012

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To focus on the domestic market UltraTech Cement is planning to keep its exports flat for the next few years, the company Chairman Kumar Mangalam Birla has said. Robust domestic demand propelled the cement major to take the decision.Last year, the Birla group company’s exports stood at around Rs 371 crore. He said that the outlook for the cement industry remains challenging, but the company is bullish on the sector. It expects a boost in the domestic market as the infrastructure and construction industry is poised to grow in the coming years, he said.Birla said that at present there is a demand-supply mismatch. With the industry’s proposed capacity expansion of around 71 million tonne between FY13 and FY15, it will be no different for the next 2-3 years. I believe the short-term prospects for the industry appear bearish. Regardless, over the medium to long-term, the sector offers good growth potential, Birla said.The company has also embarked on a Rs 12,000 crore expansion plan to increase its capacity to 62 million tonne by FY14.

Concrete

Shree Cement reports 2025 financial year results

Published

3 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

3 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

3 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/