Economy & Market

Cement industry worried over diesel price hike

Published

12 years ago

February 4, 2013

admin

While demand for cement was already down, manufacturers of the key building raw material in south India have now faced another big trouble of hike in diesel prices. Oil companies in India have raised the cost of diesel by Rs 10 a litre.

The hike in diesel price has increased cement production costs. The price rise can be traced back to the fact the government has recently removed controls on diesel prices, perhaps because of the Rs 96 000 crore oil subsidy bill that it must now pick up. The removal of the controls has seen the oil companies instantly beginning to raise diesel prices, and though the initial price rise isn’t large, there’s no telling whether it will continue upwards.

For the cement industry, this is just one of several issues it is currently facing. Power is in short supply, and this only deepens manufacturers’ dependence on diesel. Recent rail freight price hikes have also taken their toll, making the transportation of raw materials more expensive.

Concrete

Shree Cement reports 2025 financial year results

Published

5 days ago

June 17, 2025

admin

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

admin

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

admin

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/