Economy & Market

Cement companies to grow by consolidation

Published

11 years ago

July 31, 2014

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Ambitious infrastructure development plans by the new government has infused the cement industry with optimism. Most of the major cement plants are looking ahead for capacity expansion. However, since the lime-?stone reserves are limited, growth will be driven primarily by consolidation.

A report released by Barclays states that greenfield capacity additions in the north by newer players will significantly decrease. Limestone is one of the key raw materials in manufacturing cement. The north has only 16 per cent of India?s total limestone resources compared with 50 per cent concentrated in the south, according to the Barclays report.

Talking about the shortage of lime-?stone, VM Mohan, Joint President of Corporate Finance at The India Cements, said that since the raw material is limited, it is possible for firms to acquire smaller assets in the region and grow.

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/