Economy & Market

Ramco profits take a plunge

Published

4 years ago

October 14, 2021

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Ramco Cements formerly known as Madras Cements, has reported a drop in profit to Rs.25.59 crore from Rs.83.60 a year ago, a 69 per cent drop. The company’s net sales fell from 2.8 per cent to Rs.842.62 crore. Analysts relate this to overcapacity coupled with raw material cost increases. The cost of materials escalated by 23 per cent reaching Rs.161 crore in the December quarter. The cement companies in south have been under pressure for the last 16 quarters. The Telangana issue and lack of availability of construction raw materials like sand and gravel in Tamil Nadu and Karnataka have made matters worse.

Manufacturers of South have lowered the prices by 5 per cent to Rs.290 a bag from a year ago. Most of the companies in this region are operating at 65 per cent of capacity. The sector can be rescued only if demand grows at ten per cent for the next four years so that at least 85 per cent of installed capacity is in use. Analysts predict that the growth rate will fall from six per cent to four per cent in coming year.

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.

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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.