Economy & Market

Unrest in Kashmir Valley adversely affects road construction

Published

9 years ago

September 30, 2016

admin

The ongoing unrest in the Kashmir Valley has adversely affected the road construction activities undertaken by the Border Roads Organisation.

BRO has suffered loss of working season (loss of more than three months of working season during summers is of serious concern), while endeavours are being made to execute work whenever and wherever possible.

But owing to restrictions on movement of vehicles and persons, desired progress could not be made and as a result many appreciated targets will have to be revised. Four-laning work on the Srinagar-Baramulla-Uri stretch scheduled for completion by July 2016 has been delayed. Handing over of Road Sinathan Pass- Anantnag to NHAI will be postponed as the pending work on this road will now go beyond the planned target of September 2016. Many vehicles have been damaged, non-availability of which will directly affect the work efficiency. The most affected locations where delay has been seen are Tangdhar, Anantnag, Kupwara and Bandipur.

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/