Cement industry set to grow 3% in Q3

08 Jan 2024 CW Team

In a recent report, Jefferies says a notable decline in cement prices across all regions in December 2023, registering a range between 1-2%. This pricing adjustment sets the stage for a meticulous examination of the sector?s overall performance.

According to the report, the anticipated growth for the cement sector in the third quarter of the fiscal year 2023-24 is pegged at 3% Quarter-over-Quarter (QoQ), aligning seamlessly with initial expectations. This steady growth projection underscores a measured and consistent trajectory for the industry.

Highlighting regional variations in growth, Jefferies has identified the Southern region to experience the highest growth in Q3, while other regions are expected to witness growth ranging from flat to 3%. This regional divergence adds an intriguing dimension to the sector?s performance metrics.

Jefferies observed a mixed demand trend in December, following the sub-10% Year-over-Year (YoY) growth witnessed in the combined months of October and November 2023. This fluctuation signals a certain level of unpredictability in the market, keeping industry participants on alert.

Despite the recent decline in prices, the report underscores optimistic sentiments among dealers, with many anticipating an improvement in cement prices from the third week of January. This forward-looking perspective suggests a potential rebound in the market and offers a glimmer of optimism for stakeholders.

A notable positive factor outlined in the report is the easing of energy costs, deemed favorable for the cement sector. Given that energy costs constitute a significant portion of production expenses, any relief in this area is likely to positively impact the overall operational margins of cement manufacturers.

Infrastructure Urban

17 Sep 2025

DCPC Prepares for Special Campaign 5.0 with Focus on E-Waste

The Department of Chemicals and Petrochemicals (DCPC), Ministry of Chemicals and Fertilisers, is gearing up for Special Campaign 5.0, to be held from 2nd to 31st October 2025. The initiative will focus on e-waste disposal as per MoEFCC’s E-Waste Management Rules 2022, space optimisation, and enhancing workplace efficiency across field offices.Special Campaign 4.0, conducted between October 2023 and October 2024, delivered notable results in record management, grievance redressal, scrap disposal, and cleanliness drives.Key outcomes of Special Campaign 4.0Records management: 2,443 physical fil..

BlackRock India Leases 1.4 Lakh Sq Ft in Bengaluru

BlackRock Services India, the domestic arm of global asset manager BlackRock, has leased 1.4 lakh sq ft of office space at IndiQube Symphony in Bengaluru, according to Propstack data. The 10-year deal is valued at around Rs 4.10 billion.The lease, among the largest transactions in India’s co-working sector, highlights the growing preference of global institutions for flexible office providers. The agreement, commencing October 1, 2025, covers ground plus five floors in KNG Tower 1 at Ashoknagar, MG Road — one of Bengaluru’s prime commercial hubs.As per the lease document, BlackRock will ..

L&T Bags Rs 25–50 Bn Order for Mumbai-Ahmedabad Bullet Train Track Works

Larsen & Toubro’s (L&T) Transportation Infrastructure business has secured an order valued between Rs 25 crore and Rs 50 billion from the National High Speed Rail Corporation Limited (NHSRCL) for the Mumbai-Ahmedabad High Speed Rail (MAHSR) corridor.The contract, Package T1, involves the design, supply, construction, testing, and commissioning of 156 route km of high-speed ballastless track on a Design-Build Lump Sum Price basis. The stretch runs from Mumbai’s Bandra-Kurla Complex to Zaroli village in Gujarat and includes 21 km of underground track and 135 km of elevated viaduct.Se..