Economy & Market

Jaypee Group to form cement JV

Published

10 years ago

March 31, 2015

admin

Jaypee Group is in talks with Heidelberg Cement, the world?s third biggest cement maker, and JSW Cement, to form a joint venture which will control the majority of its cement plants as part of an ongoing exercise to reduce debt.
The plan envisages a separate joint venture entity which will house around 20-22 million tonne (mt) of Jaypee?s operational units spread across Uttar Pradesh, Himachal, Uttarakhand, Andhra Pradesh, Chhattisgarh and a new greenfield unit in Karnataka, which is expected to come on stream this year. Jaypee is open to becoming a junior partner in the proposed venture with a 49 per cent shareholding but may even go down to 40 per cent, thereby ceding management control and a majority stake.

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

4 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/