Concrete

Indian cement sector grows on demand from rural housing

Published

13 years ago

November 30, 2012

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During the first six months of current financial year cement production has seen a 7.4 per cent growth. Within the eight core industries, that have a combined weight of 37.9 per cent in the Index of Industrial Production (IIP), cement industry has recorded the second fastest production growth.During the first six months of 2012-13, coal at 8.3 per cent emerged as the fastest growing sector, followed by cement.Cement production, after remaining slightly soft in August affected by monsoon, recorded a 13.4 per cent Y-o-Y growth during the month of September 2012. Bhupali Gursale, economist at Angel Broking, says that cement has also been supporting the overall GDP growth.Cement demand has remained strong largely driven by rural housing segment feels Ravi Sodah, cement analyst at Elara Capital. Sanjeev Kumar Singh analyst at Centrum also sees the rural retail housing demand to have been a major contributor to cement demand. Analysts also feel there is some support from urban retail demand as well.Bankers have also said that there is an increase in new building activity in semi-urban and rural housing. The activity level at contractors is more now than what was seen three months ago. This is one indicator for the rise in cement demand.

Concrete

Star Cement launches ‘Star Smart Building Solutions’

Published

5 days ago

June 17, 2025

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Star Cement has launched ‘Star Smart Building Solutions,’ a new initiative aimed at promoting sustainable construction practices, as per a recent news report. This venture introduces a range of eco-friendly products, including tile adhesives, tile cleaners and grouts, designed to enhance durability and reduce environmental impact. The company plans to expand this portfolio with additional value-added products in the near future. By focusing on sustainable materials and innovative building solutions, Star Cement aims to contribute to environmentally responsible construction and meet the evolving needs of modern infrastructure development.

Image source:https://www.starcement.co.in/

Concrete

Nuvoco Vistas reports record quarterly EBITDA

Published

5 days ago

June 17, 2025

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Nuvoco Vistas reported its highest-ever quarterly consolidated EBITDA of Rs.556 crore in Q4 FY25, with annual EBITDA at Rs.1,391 crore. Cement sales reached 19.4 MMT in FY25, with Q4 contributing 5.7 MMT. Revenue rose 4 per cent YoY to Rs.3,042 crore in Q4. Net debt reduced by Rs.390 crore to Rs.3,640 crore. The company received NCLT approval for acquiring Vadraj Cement, targeting 31 MMTPA capacity by FY27. Key marketing initiatives, expanding RMX and MBM businesses, and a focus on sustainability (457 kg CO2/tonne) drove performance. Nuvoco remains focused on premiumisation, operational efficiency, and market expansion.

Image source:nuvoco.com

Concrete

UltraTech Cement increases capacity by 1.4Mt/yr

Published

5 days ago

June 17, 2025

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UltraTech Cement has expanded its production capacity by 1.4 million tonnes per annum (Mt/yr) through a combination of debottlenecking efforts and operational efficiency upgrades across several of its plants. The enhancements include an addition of 0.6Mt/yr in grinding capacity at the Nagpur facility in Maharashtra and a combined 0.8Mt/yr at the Panipat and Jhajjar units in Haryana. With these upgrades, the company’s total domestic grey cement capacity has risen to 184.8Mt/yr, while its global capacity now stands at 190.2Mt/yr.