Economy & Market

Dalmia Cement mulls Rs 1,800-cr expansion plan

Published

12 years ago

January 21, 2013

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For its expansion over the next two years, Dalmia Cement (Bharat) has planned to invest Rs 1,800 crore.
While the company would invest Rs 1,300 crore for its upcoming 2.5 million tonne greenfield project at Belgaum in Karnataka, its plants in North-East would entail an estimated investment of Rs 500 crore for capacity expansion, Puneet Yadu Dalmia, Managing Director, told the media in Kolkata on January 18.

According to Dalmia, the company currently has a total capacity of 17 mt and wants to add nearly four mt capacity by 2014-15. The company has roped in Olympic champion boxer Mary Kom as the brand ambassador.

Dalmia Cement (Bharat) has recently acquired Meghalaya-based Adhunik Cement with an investment of nearly Rs 560 crore and increased its stake in Calcom Cement in Assam. Dalmia Cement acquired Adhunik Cement at a phased investment of Rs 560 crore. Dalmia is an an early mover into the north-eastern market.

It added an additional 26 per cent (stake) in Calcom Cement to its existing 50 per cent stake for Rs 77 crore; the initial stake had been acquired for Rs 238 crore, a company release said. Dalmia said his company would be open to ‘selective acquisitions’ in the North-East.

Concrete

Shree Cement reports 2025 financial year results

Published

5 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

5 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

5 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/