Economy & Market

J And K manufacturers meet CPCB chief over closure notices

Published

9 years ago

September 23, 2016

admin

A delegation of industrialists from Jammu representing the cement manufacturing units have met SP Singh Parihar, Chairman, Central Pollution Control Board (CPCB), to discuss the pending case for revocation of closure notices issued by the board.
The delegation was led by Lalit Mahajan, Chairman, Federation of Industries, Jammu, along with Ajit Bawa, Co-Chairman FOIJ and President, Kathua Industrial Unit Association.
"The delegation met the CPCB chief to discuss issues related to the pending cases for the revocation of closure notices issued by the Central Pollution Control Board, New Delhi to the Cement Manufacturing Units located in J&K," said Mahajan.
Mahajan informed the Chairman that information about the units that have installed online monitoring equipment has been given to the CPCB, but no action has been taken by the board so far.
The delegation apprehended that this might lead to closure of several units and lay off of thousands of workers.
The Central Pollution Control Board chief assured the delegation that the entity would take up the pending cases of the cement manufacturing units, which have already installed an online monitoring system, and revoke the closure order served to them immediately.

Concrete

Shree Cement reports 2025 financial year results

Published

4 days ago

June 17, 2025

admin

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

4 days ago

June 17, 2025

admin

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

4 days ago

June 17, 2025

admin

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/