Economy & Market

Cement prices fall due to seasonal weakness

Published

9 years ago

August 31, 2016

admin

Cement prices in north, east, west and central India have fallen on a month-on-month (m-o-m) basis. Average cement prices in the north fell nearly 2-3 per cent m-o-m; in Delhi, the fall was to the extent of Rs 20-25 per bag. In the eastern region, prices dipped by around Rs 5-10 per bag, said a recent Edelweiss Securities Ltd report. The only exception was southern India. Prices in the states of Andhra Pradesh and Telangana have improved recently by around Rs 20-25 per bag over the previous month, an analyst with Reliance Securities said. However, cement prices haven?t dropped as sharply as they had during the same period last year.

For instance, in central India, prices corrected from Rs 270-275 per bag in Q1FY16 to Rs 230-238/a bag during the lean season last year; this year, it has corrected from Rs 300-305 per bag to Rs 270-280 per bag, mainly because of drought conditions prevailing last year.

The price correction gap has narrowed, but the cause for concern is the offtake in terms of volume hasn?t been significant despite the government?s efforts to push infrastructure activities.

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

5 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/