Economy & Market

AP lawmaker wants cut in cement prices

Published

8 years ago

April 11, 2017

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Visakhapatnam North MLA P Vishnukumar Raju has sought an urgent intervention of Andhra Pradesh Chief Minister N Chandrababu Naidu in reducing the "abnormal and unreasonable" increase in cement prices in the state.

In a memorandum submitted to the Chief Minister, the legislator said that all cement companies in AP had hiked prices from Rs 235 a bag to Rs 375 a bag.

"It is understood that this is in anticipation of the forthcoming introduction of GST from July. This pre-emptive action of stopping sale on CST basis for three months in advance is not fair. This has resulted in the overall high price of Rs 375 per bag. What is even more surprising is that all cement companies are quoting the same price which is a clear indication of the companies forming a cartel to escalate the price which is against law," Raju said.

Concrete

Cement industry to gain from new infrastructure spending

Published

1 week ago

July 24, 2025

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As per a news report, Karan Adani, ACC Chair, has said that he expects the cement industry to benefit from the an anticipated US$2.2tn in new public infrastructure spending between 2025 and 2030. In a statement he said that ACC has crossed the 100Mt/yr cement capacity milestone in April 2025, propelling the company to get closer to its ambitious 140Mt/yr target by the 2028 financial year. The company’s capacity corresponds to 15 per cent of an all-India installed capacity of 686Mt/yr.

Image source:https://cementplantsupplier.com/cement-manufacturing/emerging-trends-in-cement-manufacturing-technology/

Concrete

AI boom drives demand, says ACA

Published

1 week ago

July 24, 2025

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The American Cement Association projects a nearly 1Mt annual increase in US cement demand over the next three years, driven by the surge in AI data centres. Consumption by data centres is expected to grow from 247,000 tonnes in 2025 to 860,000 tonnes by 2027. With over 5,400 AI data centres currently operating and numbers forecast to exceed 6,000 by 2027, the association cautions that regulatory hurdles and labour shortages may impact the industry’s ability to meet demand.

Image source:https://img-s-msn-com.akamaized.net/tenant/amp/entityid/AA1zOrih.img?w=2000&h=1362&m=4&q=79

Concrete

GoldCrest Cement to build plant in India

Published

1 week ago

July 23, 2025

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GoldCrest Cement will build a greenfield integrated plant with a 3.5Mt/yr clinker capacity and 4.5Mt/yr cement capacity. GoldCrest Cement appointed Humboldt Wedag India as engineering, procurement and construction contractor in March 2025 and targets completion by March 2027. It has signed a 40-year supply agreement with Gujarat Mineral Development Corporation for 150Mt of limestone from its upcoming Lakhpat Punrajpur mine in Gujarat.