Connect with us

Economy & Market

Ramco profits take a plunge

Published

on

Shares

Ramco Cements formerly known as Madras Cements, has reported a drop in profit to Rs.25.59 crore from Rs.83.60 a year ago, a 69 per cent drop. The company’s net sales fell from 2.8 per cent to Rs.842.62 crore. Analysts relate this to overcapacity coupled with raw material cost increases. The cost of materials escalated by 23 per cent reaching Rs.161 crore in the December quarter. The cement companies in south have been under pressure for the last 16 quarters. The Telangana issue and lack of availability of construction raw materials like sand and gravel in Tamil Nadu and Karnataka have made matters worse.

Manufacturers of South have lowered the prices by 5 per cent to Rs.290 a bag from a year ago. Most of the companies in this region are operating at 65 per cent of capacity. The sector can be rescued only if demand grows at ten per cent for the next four years so that at least 85 per cent of installed capacity is in use. Analysts predict that the growth rate will fall from six per cent to four per cent in coming year.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Concrete

WCA Welcomes SiloConnect as associate corporate member

Published

on

By

Shares

The World Cement Association (WCA) has announced SiloConnect as its newest associate corporate member, expanding its network of technology providers supporting digitalisation in the cement industry. SiloConnect offers smart sensor technology that provides real-time visibility of cement inventory levels at customer silos, enabling producers to monitor stock remotely and plan deliveries more efficiently. The solution helps companies move from reactive to proactive logistics, improving delivery planning, operational efficiency and safety by reducing manual inspections. The technology is already used by major cement producers such as Holcim, Cemex and Heidelberg Materials and is deployed across more than 30 countries worldwide.

Continue Reading

Concrete

TotalEnergies and Holcim Launch Floating Solar Plant in Belgium

Published

on

By

Shares

TotalEnergies and Holcim have commissioned a floating solar power plant in Obourg, Belgium, built on a rehabilitated former chalk quarry that has been converted into a lake. The project has a generation capacity of 31 MW and produces around 30 GWh of renewable electricity annually, which will be used to power Holcim’s nearby industrial operations. The project is currently the largest floating solar installation in Europe dedicated entirely to industrial self-consumption. To ensure minimal impact on the surrounding landscape, more than 700 metres of horizontal directional drilling were used to connect the solar installation to the electrical substation. The project reflects ongoing collaboration between the two companies to support industrial decarbonisation through renewable energy solutions and innovative infrastructure development.

Continue Reading

Concrete

Cortec® Corporation applauded for its strong safety performance

Published

on

By

Shares

Cortec® Corporation has been recognised for its strong safety performance, receiving its sixth Governor’s Workplace Safety Award for its outstanding performance in 2025. As a Silver Achievement recipient, the company continues to maintain safety metrics well above national industry averages, an impressive accomplishment for a chemical manufacturing organisation. This achievement reflects Cortec’s proactive approach to workplace safety, focused on early hazard detection and employee involvement. The company will be formally recognised at the Minnesota Safety and Health Conference in May, highlighting how industrial companies are effectively strengthening workplace safety standards.

Continue Reading

Video Thumbnail

    SIGN-UP FOR OUR GENERAL NEWSLETTER


    Trending News