Economy & Market

Shiva Cement aims for 450 cr

Published

4 years ago

October 14, 2021

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Shiva Cement is expecting Rs 450 crore revenues in FY16 on the back of expansion plans, an official has said. The company has embarked on a massive capacity expansion and has signed MoU with the Odisha government involving investment of Rs 800 crore recently. "The first phase of our expansion plan, which involves an investment of Rs 270 crore, is expected to be operational by January 2015. We will start seeing the results of this expansion in 2015-16," said RP Gupta, Chairman and Managing Director. In the phase I, the company will be expanding its current 0.132 mtpa capacity to one mtpa and in the second it will go up to more than 2 mtpa, he further added. Commenting on the current scenario and the aim of setting up a cement plant he said, "The cement industry has slowed down. But we expect to see a revival by 2015, which is when our plant will also be operational. We will take complete advantage of this turnaround and we expect our revenues to grow manifold to nearly 450 crore in FY16."

Concrete

Cement industry to gain from new infrastructure spending

Published

23 hours 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.

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Concrete

AI boom drives demand, says ACA

Published

23 hours 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

2 days 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.