Economy & Market

Vicat to expand its Gulbarga cement plant at Rs 1,300 cr

Published

12 years ago

January 31, 2013

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To expand its its Gulbarga cement plant in Karnataka, global cement manufacturer Vicat Group is planning to invest Rs 1,300 crore. The plant is a joint-venture between Vicat and Hyderabad-based Sagar Cements. M Ravinder Reddy, Head (Marketing), Vicat Group India said that the company plans to set up two identical lines at the cement plant in subsequent years.

The infrastructure and clearances are in place and the second line is expected to be operational by 2016, Reddy said. The three lines together would take the capacity to 8.25 million tonne per annum in the next four years.
The company on January 30 announced commercial dispatch from its first line of 2.75-million tonne plant that had commenced production this month.

The first line had come up with an investment of Rs 1,800 crore with an equity : debt ratio of 35 : 65. Cement from the plant would be marketed under the ‘Bharathi Cement’ brand, and is targeted at domestic consumption in north Andhra Pradesh, north Karnataka and Maharashtra. Vicat, which had acquired a 51 per cent stake in Bharathi Cement, runs the joint venture plant at Kadapa in Andhra Pradesh.

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/