Economy & Market

GMR Infrastructure to develop Mopa airport in Goa

Published

9 years ago

August 30, 2016

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Bengaluru-based GMR Infrastructure has won the final financial bid for construction of the greenfield airport at Mopa in North Goa, Chief Minister Laxmikant Parsekar has announced in Panaji. The claims of all bidders were opened by a committee comprising senior government officials.
"GMR has won the financial bid and it has pledged 36.99 per cent revenue sharing with the state government after the airport becomes operational," the Chief Minister told reporters.
He said other bidders like Airports Authority of India and ESSEL Infra had quoted 32.31 per cent and 27 per cent as the revenue share from the project with the state government, which will be operational on a BOOT (build, own, operate, transfer) basis. The airport is planned in the northernmost part of the state adjoining Maharashtra.

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/