Economy & Market

Cement prices to remain subdued

Published

4 years ago

October 14, 2021

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After seeing some revival during January and February, cement prices came under pressure in March and April. With the monsoons coming and demand remaining sluggish, industry expects further correction. Demand weakened during July-December 2012. However, mid- January saw some recovery as prices increased Rs 5 a bag in Delhi, Rs 21 in Chandigarh, Rs 36 in Kolkata and Rs 7 in Mumbai between December and February. Nevertheless, with no significant demand, prices have come under pressure in March-April, slipping Rs 5-15 a bag in the north and Rs 10-30 in the west. In the south, prices have dropped three-four per cent, said a report. It added the Hyderabad market had seen some volatility in prices. While prices remained in the range of Rs 228-232 a bag till March.

Concrete

Shree Cement reports 2025 financial year results

Published

5 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

5 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

5 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/