Economy & Market

Cement firms hike prices in north India

Published

8 years ago

March 9, 2017

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Various cement companies have increased prices in the northern market by Rs 10-15 per 50 kg bag. However, there has been a drop in prices of cement bags in the southern market.
According to trade sources, the hike in prices was the result of increase in input costs, as coal, pet coke and freight are the major production inputs used by cement companies and their prices have risen as compared to last year.
An official from a leading cement company in the southern part of India, has informed that prices slipped in Kerala and Tamil Nadu due to weak demand.
In Delhi, a cement bag is priced at around Rs 290 to Rs 320.
A price hike has been adopted by almost all cement companies, the major ones being, Jaiprakash Associates, Shree Cement and Birla Corporation.

Concrete

Shree Cement reports 2025 financial year results

Published

1 week 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

1 week 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

1 week 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/