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Hyderabad Inds' Rs 100-cr expansion plan

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Hyderabad Industries Ltd (HIL), a CK Birla group company engaged in the production of asbestos cement products, has embarked on a Rs 100-crore expansion plan besides shifting its focus on manufacturing green building products. The company’s target was to cross a turnover of Rs 1,000 crore three years down the line. "The company was in the process of adding another asbestos sheets production line at its Satharia plant in Uttar Pradesh involving an investment of Rs 50 crore," said Abhaya Shankar, Managing Director, HIL. "The new production line will have a capacity of 100,000 tonne per annum (tpa) taking our total installed capacity to 1 million tpa. Following this, we will be one of the largest producers of asbestos cement sheets in the world," he said. HIL is currently the leader in asbestos sheets production in the country with a share of 21 per cent in the Rs 3,000-crore market. Besides expanding the capacity of Satharia plant, the company is looking at setting up a manufacturing facility at a cost of Rs 50 crore in Bihar. At present, HIL has 12 manufacturing plants spread across the states of Andhra Pradesh, Haryana, Jharkhand, Kerala, Uttar Pradesh, Maharashtra, Gujarat, Orissa and Tamil Nadu. The company has also leased out a sheet manufacturing unit in Punjab. Shankar said the company was constantly exploring the option of enhancing the capacity at its existing locations and setting up new plants to keep pace with the growing demand for its products. According to Shankar, HIL has set up an autoclaved aerated concrete (AAC) blocks production unit at Golan near Surat in Gujarat as the company is now focusing on becoming a manufacturer of green building products. The Rs 80-crore, 2-million cu m capacity unit commenced commercial production in August 2010 and is expected to achieve 75 per cent capacity utilisation by next year. Made of fly ash and cement, the AAC blocks are stated to be light weight and are becoming the choice of the new generation builders.Stating that green building products today account for 15 per cent of the company’s turnover, Shankar said HIL’s endeavour was to increase this share to 35 per cent in three years. Shankar emphasised that the company going in for green building products was not linked to the furore being made by some voluntary organisations about the hazardous effects of asbestos. In this context, he cited a Supreme Court order, issued on January 21, 2011, that refused the plea of a petitioner for banning all uses of asbestos.

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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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