Economy & Market

DS Mishra: Scope for cement, NIP to sustainability

Published

4 years ago

March 5, 2021

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India is the second largest manufacturer as well as consumer of cement in the world. The country produces nearly 5 crore metric tonnes of cement every year, which is expected to grow to almost 6 crore metric tonne per year in the next four to five years. The major consumers are the real estate and the affordable housing sectors. Under the Prime Minister?? Housing for All programme, which was initiated in June 2015 with the launch of Pradhan Mantri Awas Yojana ??Urban and the Pradhan Mantri Awas Yojana ??Rural, a large number of affordable housing projects have been taken up.

??n my own ministry, in 2015, when we started having the initial estimation, the total demand was around one crore, which has now come to 1.12 crore housing across the country in the urban areas, including 4,372 cities, towns or ULBs of different sizes,??said Durga Shanker Mishra, Secretary, Union Ministry of Housing & Urban Affairs, in his chief guest?? address on Wednesday, March 16, at the recently concluded 11th Cement Expo and Webinar presented by First Construction Council and organised by Indian Cement Review. He spelled out big opportunities for the cement sector as he elaborated on the various achievements, initiatives, and ongoing and upcoming projects.

For full story, interaction, and video, click here.

Concrete

Shree Cement reports 2025 financial year results

Published

4 days 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

4 days 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

4 days 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/