Concrete

Cement prices shows an uptick in March as demand grows

Published

3 years ago

April 6, 2022

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Based on YoY comparison, pan India average cement price rose by 11%

Cement prices increased in March when compared to the previous month. After remaining relatively stable in the three months leading up to February, prices in March surpassed the November high.This could help cement companies offset the impact of higher input costs while also benefiting from increased demand.On a month-over-month basis, the pan India average cement price rose by over 10% to Rs 395 per 50 kg bag as of March 22, 2022, according to various brokerage reports based on dealer interactions. Based on a year-over-year comparison, it increased by 11%.Given the slow pace of project awarding and execution, as well as issues related to sand availability, the average price had peaked at Rs 385 per 50 kg in November over the previous 12 months, leaving cement makers little room to raise prices.Prices began to firm up again in March, according to sector trackers, as the sector enters a seasonally strong period for construction activities.Furthermore, the government’s speed in awarding road projects has accelerated. The rising cost of raw materials is expected to be alleviated by the buoyancy in cement prices.In the last three months, prices of key raw materials such as imported coal and petcoke have risen by as much as 50%.Analysts predict that cement consumption in the March quarter will be higher than in the previous quarter.Given the likelihood of increased demand, the full benefit of higher cement prices is expected to be reflected in cement companies’ financial performance beginning in the second quarter of 2022.Image Source

Also read:Steel, cement costs jumps up by 35% over last two months

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Concrete

Star Cement launches ‘Star Smart Building Solutions’

Published

5 days ago

June 17, 2025

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Star Cement has launched ‘Star Smart Building Solutions,’ a new initiative aimed at promoting sustainable construction practices, as per a recent news report. This venture introduces a range of eco-friendly products, including tile adhesives, tile cleaners and grouts, designed to enhance durability and reduce environmental impact. The company plans to expand this portfolio with additional value-added products in the near future. By focusing on sustainable materials and innovative building solutions, Star Cement aims to contribute to environmentally responsible construction and meet the evolving needs of modern infrastructure development.

Image source:https://www.starcement.co.in/

Concrete

Nuvoco Vistas reports record quarterly EBITDA

Published

5 days ago

June 17, 2025

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Nuvoco Vistas reported its highest-ever quarterly consolidated EBITDA of Rs.556 crore in Q4 FY25, with annual EBITDA at Rs.1,391 crore. Cement sales reached 19.4 MMT in FY25, with Q4 contributing 5.7 MMT. Revenue rose 4 per cent YoY to Rs.3,042 crore in Q4. Net debt reduced by Rs.390 crore to Rs.3,640 crore. The company received NCLT approval for acquiring Vadraj Cement, targeting 31 MMTPA capacity by FY27. Key marketing initiatives, expanding RMX and MBM businesses, and a focus on sustainability (457 kg CO2/tonne) drove performance. Nuvoco remains focused on premiumisation, operational efficiency, and market expansion.

Image source:nuvoco.com

Concrete

UltraTech Cement increases capacity by 1.4Mt/yr

Published

5 days ago

June 17, 2025

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UltraTech Cement has expanded its production capacity by 1.4 million tonnes per annum (Mt/yr) through a combination of debottlenecking efforts and operational efficiency upgrades across several of its plants. The enhancements include an addition of 0.6Mt/yr in grinding capacity at the Nagpur facility in Maharashtra and a combined 0.8Mt/yr at the Panipat and Jhajjar units in Haryana. With these upgrades, the company’s total domestic grey cement capacity has risen to 184.8Mt/yr, while its global capacity now stands at 190.2Mt/yr.