Connect with us

Economy & Market

Ramco profits take a plunge

Published

on

Shares

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.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Concrete

thyssenkrupp Polysius, SaltX partner for electrified production

Published

on

By

Shares

thyssenkrupp Polysius and Swedish startup SaltX have signed a Letter of Intent (LOI) to co-develop the next generation of electrified production facilities, advancing industrial decarbonisation. Their collaboration will integrate SaltX’s patented Electric Arc Calciner (EAC) technology into thyssenkrupp Polysius’ green system solutions, enabling electric calcination, replacing fossil fuels with renewable energy, and capturing CO2 for emission-free production. Dr Luc Rudowski, Head of Innovation, thyssenkrupp Polysius, emphasised that this partnership expands their portfolio of sustainable solutions, particularly in cement, lime, and Direct-Air-Capture (DAC). Lina Jorheden, CEO, SaltX, highlighted the significant CO2 reduction potential, reinforcing their commitment to sustainable industrial processes.

Continue Reading

Concrete

Terra CO2 secures $82m to scale low-carbon cement technology

Published

on

By

Shares

Terra CO2, a US-based sustainable building materials company, has raised $82 million in Series B funding, co-led by Just Climate, Eagle Materials and GenZero, with continued support from Breakthrough Energy Ventures. The investment will accelerate the commercial deployment of Terra’s OPUS technology, enabling the construction of multiple production facilities across North America and Europe. With the cement industry responsible for 8 per cent of global CO2 emissions, Terra’s solution provides an immediate, scalable alternative using abundant raw materials that integrate seamlessly with existing infrastructure. The company has secured key partnerships, including a deal with Eagle Materials for multiple 240,000-tonne plants.

Continue Reading

Concrete

Titan Cement Group enters South Asia

Published

on

By

Shares

Titan Cement Group has expanded into the South Asian market through a joint venture with JAYCEE, an India-based producer of supplementary cementitious materials. Titan will hold a majority stake in the newly formed company, Atlas EcoSolutions, which will focus on sourcing, processing, marketing, and distributing SCMs globally. This initiative aims to support sustainable construction by promoting alternatives to clinker-based cement. Jean-Philippe Benard, Head of Supply Chain and Energy Development, emphasised that the venture aligns with Titan’s strategy to lead in low-carbon building materials while reinforcing its commitment to sustainability and innovation. The move strengthens Titan’s position in a high-growth market while ensuring long-term access to SCMs.

 

Continue Reading

Trending News

SUBSCRIBE TO THE NEWSLETTER

 

Don't miss out on valuable insights and opportunities to connect with like minded professionals.

 


    This will close in 0 seconds