Economy & Market

'Cement consumption expected to grow by 10%'

Published

13 years ago

July 9, 2012

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All India cement consumption is expected to grow by 10 per cent to 58 million tonne in the quarter, primarily on the back of small base of one per cent growth last year and strong demand momentum in the Western and Eastern regions, says a research firm Prabhudas Lilladher. It has come with its earning estimates on cement sector for June quarterDue to continued buoyancy in demand from housing, industrial and infrastructure sector, Western region’s consumption is expected to grow by 12 per cent YoY for the quarter, partially benefitted by low base with growth of 4 per cent. On similar lines, consumption in the Eastern region grew by 10 per cent on the back of strong demand in major cement consuming states of West Bengal and Bihar.Northern region’s consumption grew by 11 per cent in the quarter, aided by low base with -0.4 per cent growth and strong demand in Punjab and Rajasthan. Southern region demand witnessed a 10 per cent YoY growth, thanks to negative base of 6 per cent and firm demand in Tamil Nadu.Consumption growth slowed down in the Central region owing to slow awarding of infrastructure projects in UP under the newly formed government.

Concrete

Shree Cement reports 2025 financial year results

Published

6 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

6 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

6 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/