Economy & Market

Sagar Cements to lay rail line for Rs 1.2 bn

Published

4 years ago

October 14, 2021

admin

In order to enable greater access to market, Sagar Cements decided to set up a private railway line at a cost of Rs 120 crore. The company has reportedly invested Rs 20 crore in the project so far.

The proposed 7-km line, which will connect the company’s plant with the main railway line in Andhra Pradesh, will also reduce freight costs for the firm.

The company’s plant is located near Matampally in Nalgonda district of Andhra Pradesh. Of the proposed investment of Rs 120 crore, Rs 98 crore is to come from debt and the remaining from internal accruals.

By 2014-15, the firm expects to complete the project and dispatches by rail may rise 20 per cent thereafter, reports indicate.

During 2012-13, Sagar Cements’ dispatches were 15.50 lakh tonne. Of this 39,449 tonne were transported by rail.

Concrete

Shree Cement reports 2025 financial year results

Published

4 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

4 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

4 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/