Economy & Market

Government involvement is needed

Published

10 years ago

January 31, 2015

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– G VenkatA Rao, Properietor, Sri Venkata Lakshmi Durga Cement & Iron Stores
We are in the business for 15 year in Kakinada of Andhra Pradesh. We stock brands of India Cements, MyHome Industries, Madras Cements, Parashakti Cement, Sagar Cement, Anjani Cement, and KCP Cement.

We sell both in retail and project markets. Majority of our sales is in retail market and our main target is individual customers. Doing business with projects is risky compared to retail market in the current scenario.

Today the market is very slow and the profit level is not good. For the last two years, the industry growth is very low due to various issues like sand problem and overall slowdown. The division of Andhra Pradesh has also created problems for the industry, due to lack of fund allocation for various projects.

Cement price is going high but profit margin is shrinking. So effectively investment is huge and returns is less.

Future looks positive with the government taking some measures on the various projects. However, we have to wait and see the actual growth of the industry and the business. Depends on the market growth, we are thinking of expanding our network to nearby areas also.

Support from cement companies is also not good nowadays. Since the price is going high, we are forced to sell cement at a loss. Involvement of the government is also negligible. In the coming budget, hope the government will do something on the cement prices.

To feature your views in this section, please contact Sudheer Vathiyath
at 022-24193044 or write to him at
Sudheer@ASAPPmedia.com

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/