Economy & Market

Sanghi now focuses on domestic market

Published

13 years ago

November 26, 2012

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Cement maker Sanghi Industries, which started off as a predominantly export-driven company, has turned its focus on the domestic market. It has put in place a turnaround strategy that involves wiping out its debt level, which is around Rs 750 crore at present.

With a turnover of approximately Rs 1,000 crore, the company – with a 3 million tonne per annum plant at Kutch, in Gujarat – has operationalised a 63 mw captive power plant and a sea terminal (Rs 50 crore) in Navlakhi port in Rajkot district.

Alok Sanghi, Director of the Group said that energy and logistics are the biggest costs for the cement business and the company has strengthened them to improve efficiencies and cut costs.

The sea route will be used to cost-effectively increase its geographical reach and grow its markets. At present, the company is serving Gujarat, Rajasthan, Madhya Pradesh and Maharastra. The focus is to expand in the Central and Western regions, and in the coastal States, he said.

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/