Economy & Market

Emami Cement gets Sebi nod for IPO

Published

4 years ago

October 21, 2021

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Emami Cement (ECL), the cement arm of Kolkata-based Emami Group, has got the capital market regulator Securities and Exchange Board of India’s (Sebi) nod for initial public offering (IPO) to raise Rs 1,000 crore. It has filed its draft red herring prospectus (DRHP) with Sebi on October 12, 2018.

ECL has an installed manufacturing capacity of 5.60 million tonnes per annum (mmtpa). It currently operates three manufacturing plants and is in the process of setting up another plant, which, subject to receipt of necessary approvals, is expected to result in an aggregate installed capacity of 9.30 mmtpa of cement and 3.2 mmtpa of clinker.

The proposed IPO comprises equity shares of face value of Rs 10 each of Emami Cement aggregating up to Rs 1,000 crore, including a fresh issue aggregating up to Rs 500 crore and an offer for sale up to Rs 500 crore.

The company proposes to utilize the net proceeds raised through the fresh issue for repayment and prepayment of certain debts mounting to about Rs 400 crore.

Concrete

Shree Cement reports 2025 financial year results

Published

5 days ago

June 17, 2025

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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/

Concrete

Rekha Onteddu to become director at Sagar Cements

Published

5 days ago

June 17, 2025

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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/

Concrete

India’s cement consumption set to rise

Published

5 days ago

June 17, 2025

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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/