Economy & Market

Cement prices may come down on poor demand

Published

12 years ago

April 6, 2013

admin

Cement prices in India are likely to come down on sluggish demand from construction sector for a short term. The industrial commodity witnessed a Rs 25 a bag (50 kgs each) fall in prices on m-o-m basis in West Bengal as against Rs and Rs 10 a bag in Vidarbha (Maharashtra) region and elsewhere in the country respectively. Demand of the construction raw material generally declines in the lean monsoon season when most of running overhangs.

Since, the sentiment continues to remain poor over the last few months, there is little room for a revival in demand in the upcoming monsoon season. Hence, poor demand show is set to continue in the next three months, say analysts. Consequently, a further price decline of Rs 5-10 especially in the eastern region except Chhattisgarh, cannot be ruled out.

Prices in the northern region i.e. Delhi and NCR are expected to inch upward while in other regions, cement prices are expected to rise by about Rs 10 per bag. The decline in cement price indicates an overall slowdown in construction activities across the country. Also, lower growth in production was mainly attributable to the slowdown in cement offtake led by the muted construction activity.

Concrete

Shree Cement reports 2025 financial year results

Published

4 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

4 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/