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Rising pet coke prices put cement sector in a fix

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In the past six months, price has risen by over 36 per cent year-to-date to Rs 6,350 per tonne following higher crude oil prices. Pet coke forms 30-40 per cent of power and fuel cost of cement companies. This should further impact the earnings of cement companies in the coming quarters.

Of the total cement demand in the country, nearly 40 per cent is from rural housing and 20 per cent from urban housing. The scarcity of cash due to demonetisation has delayed construction activities. The slowdown in the housing sector is expected to impact the cement sector.

An analyst with a leading domestic brokerage said, ‘Builders in urban areas are facing a cash crunch. Due to withdrawal of high currency notes, a large part of unaccounted money would not go into real estate and this would result in fall in real estate prices.

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Concrete

Shree Cement reports 2025 financial year results

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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/

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Concrete

Rekha Onteddu to become director at Sagar Cements

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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/

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Concrete

India’s cement consumption set to rise

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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/

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