Economy & Market

Birla Corp to up its cement production at Rs 2,500 cr

Published

12 years ago

November 7, 2013

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Birla Corporation, the flagship company of the MP Birla Group, on July 19 said it is planning to invest about Rs 2,500 crore over the next three years to increase its cement capacity. The city-based company said it would invest in already announced projects like a 1.5 million tonne cement plant at Chanderia in Rajasthan, one million tonne plant in Assam and in some other projects. The company’s current cement producing capacity is 9.3 million tonne.

Birla Corporation would rise its present capacity to 13.8 million tonne over the next three years, the company Chairman Harsh V Lodha said in Kolkata. All these new capacity will generate a total revenue of around Rs 1,600 crore, Lodha said. He said the cement maker was adding capacities as demands were expected to pick up in the coming quarters. The company, however, decided to go-slow on it first overseas project in Ethiopia due to sudden glut in the market though the firm had been allotted limestone and coal there.

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/