Economy & Market

Telangana: Cement industry not to be affected in AP

Published

12 years ago

March 9, 2013

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Cement industry in Andhra Pradesh is one of largest industries in India and the industry is expected to bear no effect from the proposed creation of Telangana out of united Andhra Pradesh. Cement industry in the state is predominantly concentrated in the Telangana region, which has most of the limestone deposits.

Cement industry in Talangana area, with easy access to both Karnataka and Maharashtra, can drive the growth and infrastructure development in the proposed new state, say analysts. The area has around 40 cement units, with an installed capacity of about 55 million tonne. Interestingly, international majors such as CRH of Ireland, Italicement, Vicat of France all have presence in Andhra Pradesh.

Big players such as UltraTech, Zuari, India Cements, ACC, Jaypee, JSW, Orient, Kesoram, Madras Cement, KCP, Anjani, Hemadri, Rain Group, DCL and NCL are located in the state.

Concrete

Shree Cement reports 2025 financial year results

Published

4 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

4 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

4 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/