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ACC plans plant at Kharagpur to regain WB market

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Cement major ACC’s Chief Executive (East) Vivek Chawla said that the company aims to regain its lost markets in West Bengal over the next few years with capacity building and fresh retail focus in the state.

The company has 12 to 13 per cent market share in the state four years back which had come down to 11 per cent now. But, ACC will regain it in the next few years with new capacity coming up at Kharagpur, he said on September 10 in Kolkata.

He said with the new proposed cement grinding unit for 1.5 million tonne capacity and new focus on retail marketing the company will able to increase its marketshare to 13-14 per cent in the six million tonnes market of West Bengal. The cement market in the state is witnessing double digit growth at present.

Chawla said the company will announce the concreate plan for the new cement grinding unit for 1.5 million tonne capacity at Kharagpur in West Midnapore district will be announced early 2014.

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Concrete

Shree Cement reports 2025 financial year results

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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/

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Concrete

Rekha Onteddu to become director at Sagar Cements

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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/

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Concrete

India’s cement consumption set to rise

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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/

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