Economy & Market

The monsoon impact

Published

7 years ago

June 30, 2018

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The onset of the south-west monsoon, which began on June 1, 2018 has reached the eastern regions of Gujarat and Rajasthan, states a report from CARE Ratings. The regions of Bihar and Eastern Uttar Pradesh recorded a deficient rainfall while, the regions of Coastal Andhra Pradesh and West Madhya Pradesh that were largely affected by the drought conditions in 2014, have received normal rainfall, cumulatively. As a whole, the country recorded normal rainfall.

The week of June 21 to June 27, 2018, recorded a cumulative rainfall of 41.5 mm, which is at a approximately 16 per cent departure from normal rainfall. For the season beginning from June 1, 2018 the cumulative rainfall up to June 27, 2018 records a 10 per cent departure from normal.

Table 1 reveals that out of the 36 meteorological subdivisions in India, 24 sub-divisions recorded excess to normal rainfall which is approximately in line with the number of regions in 2016 and 2017. Amongst the six regions receiving excess rainfall Punjab and the Konkan and Goa recorded rainfall in excess of around 50 per cent from normal cumulatively.

Saurashtra, Kutch and Diu was the only sub-division with largely deficient rainfall, recording a 93 per cent departure from the normal rainfall of 72 mm.

Area under cultivation till June 27 was lower this year relative to last year.

It was lower in case of rice, coarse cereals, pulses, oilseeds and cotton. This needs to be monitored closely as there has been over-production of pulses in the last two years which led to a decline in prices and hence income for farmers.

The MSPs are yet to be announced which can cause a shift in cropping pattern in the coming weeks.

Cultivated area has been stable in case of sugarcane and jute.
Commentary
The southwest monsoons have advanced to the western belt of Gujarat and Rajasthan. The marginal rise in the area sown for sugarcane can be attributed to the excess rainfall recorded in the Marathwada region. The Saurashtra region having received deficient rainfall has possibly led to lower acreage of groundnut. The same goes with cultivation of cotton, which is another major crop grown in the Saurashtra region. Acreage for cotton fell by 16 per cent. Oilseeds acreage was also lower and can be a concern going ahead.
Table 1: Rainfall patterns: Number of Divisions (As of 27th June 2018)

No. of Sub-Division with rainfall	26-Jun-13	25-Jun-14	24-Jun-15	29-Jun-16	28-Jun-17	27-Jun-18
Large Excess	–	–	–	–	5	0
Excess	26	0	16	7	8	6
Normal	6	7	13	17	15	18
Total	32	7	29	23	28	24
Deficient	3	20	5	10	8	11
Large Deficient	–	–	–	–	0	1
Scanty	1	9	2	2	0	–
Total	4	29	7	12	8	12
TOTAL	36	36	36	36	36	36

Concrete

15th Cement EXPO: A Step Forward in Cement Innovation

Published

3 weeks ago

January 17, 2025

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Mumbai

Following the immense success of the 14th Cement EXPO, held on December 14-15, 2023, at the Manekshaw Centre, New Delhi, the next edition of this premier event is set to take place in March 2025. The 15th Cement EXPO will be hosted at Yashobhoomi, Delhi, on 12th and 13th November 2025.

Meanwhile, the Cement Expo Forum 2025 is scheduled for 5th and 6th March 2025 at Taj Krishna in Hyderabad. This exciting 3-in-1 event, organised by FIRST Construction Council (FCC) and Indian Cement Review (ICR), will bring together industry leaders, innovators, and stakeholders to discuss the future of the cement sector.

Building on the Success of the 14th Cement EXPO

The 14th Cement EXPO was widely praised for its strong participation, attracting over 1,500 senior managers and decision-makers from across the cement industry. The event was inaugurated by Dr. Vibha Dhawan, Director General of TERI, and Ali Emir Adiguzel, Founder and Director of the World Cement Association, alongside Pratap Padode, Founder of FIRST Construction Council (FCC). The two-tiered exhibition space featured cutting-edge products and innovations from top companies within the cement industry’s supply chain.

The event also garnered significant support from key government bodies, including the Ministry of Road Transport and Highways, Government e-Marketplace (GeM), and the Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce and Industry, Government of India (GoI).

Recognition and Excellence in the Cement Industry

The 7th Indian Cement Review Awards celebrated excellence by presenting awards to 11 companies in various categories, recognising their contributions to growth and innovation within the industry. Notably, Parth Jindal, Managing Director of JSW Cement, was honoured with the prestigious Indian Cement Review – Person of the Year Award 2023. Meanwhile, Vinita Singhania, Vice Chairman and Managing Director of JK Lakshmi Cement Ltd, received the Lifetime Achievement Award for her outstanding leadership and contributions to the sector.

A Vision for Sustainability

With the theme of “Driving Sustainability Through Technology,” the 9th Indian Cement Review Conference hosted thought-provoking discussions and presentations, highlighting the industry’s commitment to adopting innovative, sustainable practices. The conference served as a platform for dialogue on the latest technological advancements aimed at transforming the cement sector, addressing key challenges, and fostering growth.

What to Expect from Cement EXPO 2025

The 15th Cement EXPO, along with the 10th Indian Cement Review Conference and the 8th Indian Cement Review Awards, is set to be even bigger and more impactful than the 2023 edition. With an expanded exhibition space, greater participation, and more in-depth discussions, the 2025 event will continue to drive the industry forward. This 3-in-1 event promises to be a pivotal moment in the ongoing transformation of the cement sector.

As the industry evolves, the 15th Cement EXPO 2025 will serve as a crucial platform for showcasing innovations, discussing emerging trends, and forging new partnerships to shape the future of cement and construction.

For more details:

Cement Expo Forum 2025: https://cementexpo.in/forum

15^th Cement Expo 2025: https://cementexpo.in/

FOR CONFERENCE SPONSORSHIPS

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Concrete

Construction sector growth slows to 8-10% for FY2025: ICRA

Published

3 weeks ago

January 15, 2025

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The revenue growth for construction companies in FY2025 is projected at 8-10 per cent, down from the earlier estimate of 12-15 per cent, according to ICRA. This marks the slowest growth in three years, driven by factors such as the Model Code of Conduct in Q1, prolonged monsoons, and milestone-based billing in Q2, particularly affecting road-focused players.
ICRA’s analysis of 19 companies with a combined turnover of Rs.1.28 trillion in FY2024 shows modest revenue growth of 1.5 per cent YoY in H1 FY2025. While execution is expected to improve in H2, FY2025 growth remains below the historical CAGR of ~15 per cent (FY2018-FY2024).
Order inflows in urban transport, water and sewage projects are healthy, but road-focused entities face challenges due to muted inflows and high competition. Operating margins are projected to remain range-bound at 10.5-11 per cent, with debt levels rising to manage working capital needs, though debt coverage metrics remain stable.

Concrete

SANY India expands Pune factory to boost production capacity

Published

3 weeks ago

January 15, 2025

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SANY India inaugurated a cutting-edge factory expansion at its 90-acre Pune facility, elevating its production capacity to over 14,000 units annually, alongside a robust fabrication capacity of 100,000 metric tonnes.

The advanced facility reinforces SANY’s commitment to ‘Make in India’ by enhancing localised manufacturing and supporting global exports. Chairman Xiang Wenbo highlighted the strategic importance of India as a global hub, while Vice Chairman Deepak Garg emphasised the expansion’s role in driving innovation and infrastructure development. This investment enhances efficiency, reduces timelines, and strengthens SANY’s leadership in the construction equipment sector.