Economy & Market

Shree Cement expects growth in H2FY13

Published

13 years ago

January 24, 2013

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In the financial year 2012-13, Shree Cements reported a better than expected second quarter performance with a 3.67 times rise in net profit to Rs 217 crore. The company’s net sales grew by 19.4 per cent to Rs 1,428 crore from Rs 1,195.8 crore during the same period.

HM Bangur, MD of Shree Cement said traditionally, the cement sector performs better in the second half of the financial year as compared to the first half. The company’s power segment has posted good results in the current quarter despite the fact that the plant is mainly dependent on imported coal and pet coke. Lower prices of imported coal have largely benefitted its power operations, he added.

Bangur expects the second half of FY13 to be better than the first half in terms of the company’s overall performance. Shree cements is also confident of running its cement business at 100 percent capacity.

Concrete

Cement industry to gain from new infrastructure spending

Published

6 days ago

July 24, 2025

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As per a news report, Karan Adani, ACC Chair, has said that he expects the cement industry to benefit from the an anticipated US$2.2tn in new public infrastructure spending between 2025 and 2030. In a statement he said that ACC has crossed the 100Mt/yr cement capacity milestone in April 2025, propelling the company to get closer to its ambitious 140Mt/yr target by the 2028 financial year. The company’s capacity corresponds to 15 per cent of an all-India installed capacity of 686Mt/yr.

Image source:https://cementplantsupplier.com/cement-manufacturing/emerging-trends-in-cement-manufacturing-technology/

Concrete

AI boom drives demand, says ACA

Published

6 days ago

July 24, 2025

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The American Cement Association projects a nearly 1Mt annual increase in US cement demand over the next three years, driven by the surge in AI data centres. Consumption by data centres is expected to grow from 247,000 tonnes in 2025 to 860,000 tonnes by 2027. With over 5,400 AI data centres currently operating and numbers forecast to exceed 6,000 by 2027, the association cautions that regulatory hurdles and labour shortages may impact the industry’s ability to meet demand.

Image source:https://img-s-msn-com.akamaized.net/tenant/amp/entityid/AA1zOrih.img?w=2000&h=1362&m=4&q=79

Concrete

GoldCrest Cement to build plant in India

Published

1 week ago

July 23, 2025

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GoldCrest Cement will build a greenfield integrated plant with a 3.5Mt/yr clinker capacity and 4.5Mt/yr cement capacity. GoldCrest Cement appointed Humboldt Wedag India as engineering, procurement and construction contractor in March 2025 and targets completion by March 2027. It has signed a 40-year supply agreement with Gujarat Mineral Development Corporation for 150Mt of limestone from its upcoming Lakhpat Punrajpur mine in Gujarat.