Economy & Market

Telangana demand boosts cement sales

Published

9 years ago

July 4, 2016

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Robust demand from the Telangana region was the sweet spot in the performance of both India Cements and Ramco Cements. New road and irrigation projects, and planned housing for weaker sections of society should push up cement demand and eventually prices. Analysts believe that it could make up for five years of subdued growth in the south, partly precipitated by surplus capacity.
India Cements sold 18 per cent more cement in the quarter under consideration when compared with a year ago. Ramco sold 12 per cent more. Better still, both firms? sales shot up by about 28 per cent when compared with the December quarter.
The deluge softened cement prices, dragging down realisations for both firms.
Therefore, net revenue of India Cements and Ramco grew only marginally, although they bettered forecasts on the Street.
Meanwhile, the southern firms have cashed in on the benefits of captive power generation over the last few years, through both thermal and renewable energy routes.

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/