Cement production slumps 12% in Q1 FY22: ICRA report

17 Sep 2021 CW Team

Cement production declined 12% to 82 million tonne (mt) in April-June FY21-22 against the previous quarter as Covid-19 induced lockdowns in several states affected demand, according to an ICRA report.

The output was 54% higher, helped by a lower base on account of nationwide lockdown in April 2020 year-on-year (YoY), the ICRA said.

The cement production in 4M FY2022 is lower by 2% against pre-Covid levels, it said.

Though ICRA anticipates total production in the country to increase by 12% in the current FY, supported by factors like pent-up demand, pick-up in infrastructure activity, and rural housing demand.

ICRA Assistant Vice President & Sector Head, Corporate Ratings Anupama Reddy said that the sales volumes of ICRA's sample witnessed a fall of 20% QoQ due to the impact of the second wave of Covid-19, however, higher by 44% YoY. The net sales realisations observed an increase of 4% YoY and 5% QoQ on the back of the cost hikes taken by cement companies in June quarter 2021-22.

These price hikes are majorly driven by the increase in input costs, mainly power and fuel and freight expenses over the last few months.

While the industry observed cost side pressures, the companies report the highest ever OPBIDTA per mt at Rs 1,372 per mt in Q1 FY22, exceeding the previous peak of Rs 1,306 per mt achieved in Q1 FY2021, Reddy said.

The raw material prices rise due to higher additive prices such as fly ash and inward freight prices due to a rise in diesel costs and the rise in the power and fuel price per mt was due to the increase in coal and pet coke costs. In the June quarter, the coal costs rose by 154% YoY and the pet coke costs by 98% YoY.

Image Source

Also read: Cement prices in August fell by 3% to Rs 328 per 50 kg

Infrastructure Transport

05 Feb 2026

MMRDA Installs 325-Tonne Steel Spans on Mumbai Metro Line 4

The Mumbai Metropolitan Region Development Authority (MMRDA) has achieved a key construction milestone on Metro Line 4 with the successful installation of three large steel spans at Bhandup West during overnight operations.The spans, together weighing 325 metric tonnes, were launched using eight heavy-duty cranes and 12 multi-axle vehicles. The operation required precise engineering and meticulous planning to minimise disruption in the densely populated suburban area.Due to effective inter-agency coordination, the work—originally scheduled across four nights—was completed within just two n..

CMRL Targets March 2027 Opening for Vadapalani–Panagal Park

Chennai Metro Rail Limited (CMRL) is progressing as scheduled to open the Vadapalani–Panagal Park section of Phase II’s Corridor 4 by March 2027. The 3.5 km underground stretch is part of the 26.1 km Corridor 4 connecting Lighthouse with Poonamallee Bypass.Construction activities are advancing steadily, with tunnelling works between Vadapalani and Panagal Park already completed. Track-laying operations are expected to commence shortly. At Panagal Park station, structural works have reached the concourse and platform levels, while excavation continues at the lowest level.CMRL is also consid..

Maha-Metro Invites Pune Metro Civil Maintenance Bids

Maharashtra Metro Rail Corporation Limited (Maha-Metro) has invited bids for the annual civil maintenance contract of the Pune Metro Rail Project. The tender, bearing ID and number P1-O&M-20/2025, is scheduled to close on 23 February 2026, with a pre-bid meeting slated for 10 February 2026. The earnest money deposit (EMD) for the contract is Rs 3,50,500, and the duration of the contract is one year.The scope of work includes annual civil maintenance of 28 elevated and underground stations, 28.079 km of elevated viaduct including steel bridges, 12.15 km of tunnels, and two depots under the ..