Economy & Market

Builders to stop purchasing cement

Published

11 years ago

June 30, 2014

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Protesting against the sudden increase in cement prices by manufacturers, builders in southern states are planning to stop construction work till the rates are reduced.?There is no news on why there is an increase. What is the reason? Cement price has gone up by Rs 60 per bag to Rs 320. This is unwarranted,? said Confede-?ration of Real Estate Developers Associations of India (CREDAI) Chennai chapter President Ajit Chordia.

CREDAI officials said that cement was being sold at Rs 260, about 15 days back and now suddenly the prices have soared to Rs 320 now. The Builders? Association of India National Trustee Radhakrishnan said that a regulatory authority must be set up for cement industry on the lines of TRAI for telecom sector.

He gave an example of the state government run TANCEM (Tamil Nadu Cement Corporation), which retails cement per bag at Rs 265 and was making profits, while private companies sold it at Rs 365 per bag.

C Shekar Reddy, National President CREDAI, in response to ICR on the increase in cement prices said that?the housing sector accounts for 64 per cent of the total cement demand in India. We cannot be cornered by the cartel of cement manufacturers with a steep hike of approximately Rs 100/bag (50 kg) without any changes in the input cost, demand or government taxes. We vehemently oppose this unilateral move by the cement manufacturers and will take strong steps to oppose the action.?

Concrete

CCU testbeds in Tamil Nadu

Published

1 day ago

August 12, 2025

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Tamil Nadu is set to host one of India’s five national carbon capture and utilisation (CCU) testbeds, aimed at reducing CO2 emissions in the cement industry as part of the country’s 2070 net-zero goal, as per a news report. The facility will be based at UltraTech Cement’s Reddipalayam plant in Ariyalur, supported by IIT Madras and BITS Pilani. Backed by the Department of Science and Technology (DST), the project will pilot an oxygen-enriched kiln capable of capturing up to two tonnes of CO2 per day for conversion into concrete products. Additional testbeds are planned in Rajasthan, Odisha, and Andhra Pradesh, involving companies like JK Cement and Dalmia Cement. Union Minister Jitendra Singh confirmed that funding approvals are underway, with full implementation expected in 2025.

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Concrete

JSW Cement gears up for IPO

Published

1 day ago

August 12, 2025

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JSW Cement has set the price range for its upcoming initial public offering(IPO) at US$1.58 to US$1.67 per share, aiming to raise approximately US$409 million. As reported in the news, around US$91 million from the proceeds will be directed towards partially financing a new integrated cement plant in Nagaur, Rajasthan. Additionally, the company plans to utilise US$59.2 million to repay or prepay existing debts. The remaining capital will be allocated for general corporate purposes.

Concrete

Cement industry to gain from new infrastructure spending

Published

3 weeks ago

July 24, 2025

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As per a news report, Karan Adani, ACC Chair, has said that he expects the cement industry to benefit from the an anticipated US$2.2tn in new public infrastructure spending between 2025 and 2030. In a statement he said that ACC has crossed the 100Mt/yr cement capacity milestone in April 2025, propelling the company to get closer to its ambitious 140Mt/yr target by the 2028 financial year. The company’s capacity corresponds to 15 per cent of an all-India installed capacity of 686Mt/yr.

Image source:https://cementplantsupplier.com/cement-manufacturing/emerging-trends-in-cement-manufacturing-technology/