Economy & Market

Amaravathi ground-breaking ceremony likely to be held in June

Published

10 years ago

May 31, 2015

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With the government planning the ground-breaking ceremony of Amaravathi, the new capital city of Andhra Pradesh on June 06, the cement industry in the state will most likely witness a boost from the construction activities that will follow.

The experts are hopeful that these developments will catapult the state?s cement industry which has been in a slump for a couple of years now.

According to Deepak Khetrapal, MD and CEO of Orient Cement Ltd, "while capacity utilisation and demand in Andhra Pradesh is still low, the state will have a higher demand in view of the new construction line-up."

"The demand for cement in the these states is improving due to steps taken by the new government in Telangana for building a new capital and low income housing," said Jagan Mohan Reddy, MD, Rain Industries Ltd.

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/