Economy & Market

ACC, Ambuja Cements to pay 1% royalty to Holcim

Published

13 years ago

December 17, 2012

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With the decision of ACC and Ambuja Cement to pay one per cent royalty to their parent Holcim, the two companies’ earnings will have only a marginal impact. The two companies boards recently gave nod to pay the one per cent royalty to Holcim.

This should mitigate the concerns of the investors, who were expecting a higher royalty outgo. The boards of ACC and Ambuja Cements have agreed to pay 1 per cent of their sales as technology and knowhow fees to Holcim, Switzerland with effect from CY13.

This is marginally higher than the existing royalty payment, which was about 0.6 per cent to 0.7 per cent of sales in 2011 and 2012, but lower than the anticipated 2 per cent of sales, which the parent company had earlier hinted at.

Concrete

Shree Cement reports 2025 financial year results

Published

4 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

4 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

4 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/