Economy & Market

Siemens supports Make in India

Published

11 years ago

September 30, 2014

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Global MNC Siements has endorsed the Make in India initiative. While speaking about the Make in India campaign launched by the government of India, Sunil Mathur, CEO, Siemens India said that the "Make in India philosophy resonates Siemens India?s thoughts as well. Indians and India are renowned for innovation. We start with an idea and then work backwards to develop state-of-the-art manufacturing facil?ties. This enables us to do things quicker and better than anyone else. Additionally, being a young country, we have immense raw talent, which can be tapped and developed into
a skilled workforce. Subsequently, manufacturing activities are carried out by highly-skilled people who are completely motivated to deliver best quality products at competitive prices. Siemens India has been providing cutting-edge technology for India and the global market for over 150 years. India definitely has the capability, inclination towards innovation and the skill sets. Hence, we urge the world to come and make in India."

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/