Economy & Market

Cement prices likely to decline

Published

4 years ago

October 14, 2021

admin

Cement prices are likely to start declining from early May, much before the advent of monsoon, as demand remained muted even in the traditionally peak season for cement companies. Prices are likely to correct by Rs 5-10 per 50 kg bag across the country from next month, said the industry experts to a popular newspaper.

"In April, cement companies had increased prices by Rs 5-10 per 50 kg bag, but the demand didn’t support the price. So the price increase was rolled-back by the companies.

Seeing the present scenario, it is unlikely that cement companies will be able to increase prices in May. Instead, they may go for a price cut of around Rs 5-10 per bag to boost sales and clear stocks before monsoon," said a senior official on the condition of anonymity from Cement Manufacturers Association (CMA).

Concrete

Shree Cement reports 2025 financial year results

Published

2 days ago

June 17, 2025

admin

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

2 days ago

June 17, 2025

admin

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

2 days ago

June 17, 2025

admin

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/