Economy & Market

Vicat eyes to sell 4.5 mt cement in 2013 fiscal

Published

12 years ago

January 30, 2013

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France-based Vicat Group, which owns 51 per cent stake in Bharathi Cements and Vicat-Sagar Cement, is likely to sell 4.5 million tonne of cement in India in FY 2013, said its Country-Head (India) Gilles du Manoir. The group was ‘upbeat’ on the cement industry’s growth outlook and expected it to grow at about eight per cent this year, Manoir told the media in Hyderabad on January 31.

Apart from the newly-commissioned Rs 1,800-crore joint venture cement plant, Vicat-Sagar Cement at Chattrasal, Gulbarga district of Karnataka, Vicat has 51 per cent stake in Bharathi Cement. While Bharathi Cement plant in Kadapa has 5 mt capacity, Vicat-Sagar has 2.75 mt capacity in the first phase.

Anoop Kumar Saxena, Managing Director, Bharathi Cement, said the capacity utilisation was at 50 per cent in Kadapa plant. In Vicat-Sagar 60 per cent utilisation was likely in the first year, said M Ravinder Reddy, Head-Marketing.

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/