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Construction sector shows degrowth for the past 3 years

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A slowdown in sectors such as housing, railways, power, roads and highways has pushed the construction industry towards its three consecutive year of degrowth. According to data from Department of Industrial Policy and Promotion, intrinsic growth in the cement sector has dropped by 7 per cent, steel sector by 25 per cent and construction equipment sector by 27 per cent. Stalled projects due to lack of approvals, over leveraged balance sheets, cautious bank lending and lack of new project sanctioning were cited as the major reasons for this degrowth by experts and industry analysts. Employment growth shows the most alarming picture with FY15 witnessing a 12 per cent drop, while the growth in FY16 expected to be 30 per cent lower, which can lead to a loss of around 12 lakh jobs in real terms by FY16 end, according to the Construction Industry Development Council (CIDC).

Concrete

Shree Cement reports 2025 financial year results

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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/

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Concrete

Rekha Onteddu to become director at Sagar Cements

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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/

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Concrete

India’s cement consumption set to rise

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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/

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