Economy & Market

‘Cement consumption has to improve’

Published

8 years ago

March 31, 2017

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The domestic cement industry has a long way to go to improve the country’s low per capita consumption, a senior official has said. Joint Secretary in the Department of Industrial Policy and Promotion (DIPP) Ravneet Kaur also said that the government would "support the cement industryo to facilitate usage of alternate fuels and raw materials (AFR). "(The) Indian cement industry, currently producing 7 per cent of the global cement requirement, has a long way to go to improve (as) the country’s per capita consumption (is) at a dismal low," an official statement quoted Kaur as saying. The industry is putting in efforts to enhance the AFR usage to increase the thermal substitution rate, which is very low at 1 per cent, as against the average 60 per cent the world over, the statement added. Cement producers raise prices again in north India

Concrete

Shree Cement reports 2025 financial year results

Published

11 hours 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

11 hours 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

11 hours 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/