Concrete

Cement makers condemn buildersâ€™ strike over input cost hike issue

Published

4 years ago

March 5, 2021

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The South India Cement Manufacturers Association (SICMA) condemned the proposed strike by Builders Association of India (BAI) on February 12 against rising input cost including cement. SICMA said builders are spreading misinformation among the public and accused them of trying to take advantage of economic recovery and further increase real estate prices, which are already at unaffordable levels. SICMA has written to the Prime Minister and Finance Minister to look into profiteering being done by builders.

The association alleged that across markets, builders access cement at the rate of Rs 6,000 per tonne or below, which means cement accounts for only Rs 150 a sq ft of a built-up area. They wondered how cement prices can impact the increase in their flat construction cost.

Responding to BAI?? claims that the price of cement has gone up Rs 100 a bag, SICAM said the CAGR of the price in the past five years has remained flat. “It is their (builders) intent to take higher input credit of GST by giving non genuine bills,??alleged SICMA.

SICMA said that it has done detailed costing of a flat construction based on the guideline value of land in different markets. “We see that the total cost of a flat is not even 50 per cent of its sale price,” said SICMA, while asking the government to intervene and ask builders to reduce prices, so that the consumers benefit.

The Association also wondered why builders are not reducing price and selling off inventory instead of holding on to finished/semi-finished flats in a “cartelised” manner.

Concrete

Star Cement launches ‘Star Smart Building Solutions’

Published

4 days ago

June 17, 2025

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Star Cement has launched ‘Star Smart Building Solutions,’ a new initiative aimed at promoting sustainable construction practices, as per a recent news report. This venture introduces a range of eco-friendly products, including tile adhesives, tile cleaners and grouts, designed to enhance durability and reduce environmental impact. The company plans to expand this portfolio with additional value-added products in the near future. By focusing on sustainable materials and innovative building solutions, Star Cement aims to contribute to environmentally responsible construction and meet the evolving needs of modern infrastructure development.

Image source:https://www.starcement.co.in/

Concrete

Nuvoco Vistas reports record quarterly EBITDA

Published

4 days ago

June 17, 2025

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Nuvoco Vistas reported its highest-ever quarterly consolidated EBITDA of Rs.556 crore in Q4 FY25, with annual EBITDA at Rs.1,391 crore. Cement sales reached 19.4 MMT in FY25, with Q4 contributing 5.7 MMT. Revenue rose 4 per cent YoY to Rs.3,042 crore in Q4. Net debt reduced by Rs.390 crore to Rs.3,640 crore. The company received NCLT approval for acquiring Vadraj Cement, targeting 31 MMTPA capacity by FY27. Key marketing initiatives, expanding RMX and MBM businesses, and a focus on sustainability (457 kg CO2/tonne) drove performance. Nuvoco remains focused on premiumisation, operational efficiency, and market expansion.

Image source:nuvoco.com

Concrete

UltraTech Cement increases capacity by 1.4Mt/yr

Published

4 days ago

June 17, 2025

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UltraTech Cement has expanded its production capacity by 1.4 million tonnes per annum (Mt/yr) through a combination of debottlenecking efforts and operational efficiency upgrades across several of its plants. The enhancements include an addition of 0.6Mt/yr in grinding capacity at the Nagpur facility in Maharashtra and a combined 0.8Mt/yr at the Panipat and Jhajjar units in Haryana. With these upgrades, the company’s total domestic grey cement capacity has risen to 184.8Mt/yr, while its global capacity now stands at 190.2Mt/yr.