Economy & Market

Realty body’s NCR chapter to boycott Shree Cement due to price hikes

Published

9 years ago

July 31, 2016

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The NCR chapter of the Confede?ration of Real Estate Developers’ Associations of India has decided to boycott Shree Cement on complaints alleging arbitrary price increases and creating a shortage of the building material. The real estate industry body also plans to file a complaint with the Competition Commission of India.
"Shree Cement is arbitrarily increa?sing prices and stopping supply in between, demanding a price revision, despite taking an advance. This is unacceptable to us and we have asked our members to boycott the company," a CREDAI NCR spokesperson said. The builder body alleged that manufacturers are creating a false shortage. "Through excuses such as plant not functioning properly, issues with transportation, etc., these companies are not meeting the delivery deadlines, thereby affecting the builders’ constru?ction timelines," the spokesperson said.
CREDAI’s Western UP chapter has complained of cartelisation, with companies increasing prices from Rs 190 per bag to Rs 300 per bag in the past four months and delaying delivery.

Concrete

Cement industry to gain from new infrastructure spending

Published

1 week 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/

Concrete

AI boom drives demand, says ACA

Published

1 week ago

July 24, 2025

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The American Cement Association projects a nearly 1Mt annual increase in US cement demand over the next three years, driven by the surge in AI data centres. Consumption by data centres is expected to grow from 247,000 tonnes in 2025 to 860,000 tonnes by 2027. With over 5,400 AI data centres currently operating and numbers forecast to exceed 6,000 by 2027, the association cautions that regulatory hurdles and labour shortages may impact the industry’s ability to meet demand.

Image source:https://img-s-msn-com.akamaized.net/tenant/amp/entityid/AA1zOrih.img?w=2000&h=1362&m=4&q=79

Concrete

GoldCrest Cement to build plant in India

Published

1 week ago

July 23, 2025

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GoldCrest Cement will build a greenfield integrated plant with a 3.5Mt/yr clinker capacity and 4.5Mt/yr cement capacity. GoldCrest Cement appointed Humboldt Wedag India as engineering, procurement and construction contractor in March 2025 and targets completion by March 2027. It has signed a 40-year supply agreement with Gujarat Mineral Development Corporation for 150Mt of limestone from its upcoming Lakhpat Punrajpur mine in Gujarat.