Economy & Market

Hike in diesel price may impact cement prices

Published

12 years ago

January 27, 2013

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After the rise in diesel prices for retail and bulk buyers cement makers are likely to take a marginal hit. Since diesel is mainly used for transportation of cement and its raw materials, coal and fly ash, industry experts say it will be adding to the cost of sales and not the production cost.

The rise in transport cost in terms of per tonne per kilometre would be a Rs 1 on a 50-kg bag. About 55 per cent of all cement is transported through road and the rest is largely by rail.

Managing Director of a large cement company says that this will not be cement makers’ costs. Transporters’ charges would go up and cement firms will have to compensate while making payments, he says. Since 80 per cent of cement reaches consumption centres via roads in a radius of 400 km from the manufacturing site, the firms will incur an additional cost of 70-80p a bag, he adds.

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/