Economy & Market

Religare optimistic on cement sector

Published

4 years ago

October 14, 2021

admin

Market experts at Religare are expecting a growth in cement sector on the back of supply shortage (due to the closure of Binani’s plant in Rajasthan) and some demand uptick MoM. Cement prices went up by Rs 20-70/bag across multiple markets during February. Research done by the firm predicts that the resolution of the issue around the Binani plant closure and an unfavourable SC verdict on sand mining in Rajasthan may lead to some pressure on pricing,

According to the report, cement players should be able to offset cost pressures and report an improvement of at least Rs 100-300 in their EBITDA/t (except south-based players). SRCM and JKLC stand to gain most from these price hikes. Major large-caps are trading at levels similar to that in 2010 and the downside is limited from here on. Any positive news in the sector may push the trend past the tipping point and lead to sustained upward movement. Religare advises investors to keep the cement sector under close observation.

Concrete

Shree Cement reports 2025 financial year results

Published

5 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

5 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

5 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/