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Real-estate developers go on strike over cement, steel price hike in Gujarat

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Work has been stalled at 20,000 construction sites across the state, hitting 20 lakh daily-wage labourers, said Arvind Patel, chairman of Gujarat Contractors Association. Real-estate developers and contractors in Gujarat joined the day-long nationwide strike to protest against the “exorbitant hike” in prices of cement and steel. Work has been stalled at 20,000 construction sites across the state, hitting 20 lakh daily-wage labourers, said Arvind Patel, chairman of Gujarat Contractors Association.

All major organisations associated with the real estate and construction sector, including Gujarat chapters of Builders” Association of India and Confederation of Real Estate Developers Association of India (CREDAI) have joined the nationwide strike.

There is an average 40 per cent hike in the prices of all key construction materials, mainly cement and steel, Patel said, adding that diesel and bitumen prices have also risen significantly. “The hike in prices will ultimately affect customers, who will have to shell out more money, as the construction costs will also shoot up,” he said.

The rise in cost of materials will adversely affect the nation”s growth trajectory, he said. “Steel and cement are some of the major construction materials used in all segments of the industry. Since contractors mostly work on fixed rate-fixed time basis, the frequent rise in prices will make it difficult for them to survive,” Patel said.

Meanwhile, CREDAI Gujarat president Ashish Patel said although there are five cement manufacturing plants in Gujarat, prices here are higher than in Bihar, which does not have a single plant.

“In Gujarat, the price of one cement bag is around Rs 300, while in Bihar it costs Rs 240. Such a high price increases the construction cost. This open loot must end. The government should form a regulatory body to govern steel and cement prices,” he said.

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Concrete

Star Cement launches ‘Star Smart Building Solutions’

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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/

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Concrete

Nuvoco Vistas reports record quarterly EBITDA

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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

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Concrete

UltraTech Cement increases capacity by 1.4Mt/yr

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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.

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