Concrete

India steel consumption outpaces cement in February

Published

4 years ago

October 14, 2021

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A popular daily reported that while the cement demand continues to struggle and analysts expect the Cement sectors with the decline of 5 to 6 per cent over the steel consumption figures surprised positively.

The monthly steel consumption stood at 6.8 million tonne. With the increase in consumption the companies has been able to push some price increases too particularly in the long products segment. The steel imports at 0.6 million tonne were 21 per cent lower than those in January. Incidentally this is the lowest in one year.

Analysts at JP Morgan view this as a combination of specific one off reasons and also the drivers of demand for both the sectors. The one off factors include national strike and railway freight movement impacted by holy festival. However, the bigger factor behind the difference is the impact of government spending.Analysts added that the cement demand is more susceptible to changes in Government spending compared to steel.

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.