Economy & Market

Cement prices witness sharp decline

Published

4 years ago

October 21, 2021

admin

All-India cement prices corrected by Rs 7/bag of 50 kg to Rs 361 in June, reversing the hike effected in May, showed the dealers channel check by Kotak Institutional Equities Ltd. Price cuts in June were mainly led by companies operating in South and West with Rs 8-11/bag month-on-month correction, the brokerage said in its June 18, 2019 report.

Poor demand combined with seasonality factor is likely to keep prices under pressure going ahead, say analysts.

Industry volumes increased by one per cent year-on-year (yoy) to 28.7 million tons (MT) in April 2019 after registering 12 per cent yoy growth in 4QFY19 and 13 per cent yoy growth in FY2019 (2018-19), according to the data released by the Department of Industrial Promotion and Policy (DIPP). The strong growth in FY2019 was led by the government’s housing schemes and infrastructure demand.

However, with some input costs easing cement manufacturers are heaving a sigh of relief. As per the survey, prices of imported petroleum coke (pet-coke) remains in $95-100/tonne range. Domestic pet coke price at Rs 7,600/tonne is down 13 per cent quarter-on-quarter (QoQ) in the June quarter of the current fiscal. Thanks to flat diesel prices and with benefits of higher axle load norms kicking in, operating costs of cement manufacturers are expected to be stable in June Quarter.

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/