FY25 Cement Demand Expected to Grow 5-7%: Report

India's Cement Demand Affected by Elections, Festivities and Pollution

India, one of the world's largest consumers of cement, is facing a decline in demand due to a combination of factors including elections, festivities, and pollution. With a population of over 1.3 billion people, the country's cement industry plays a crucial role in supporting its infrastructure and construction sector. However, recent events have impacted the demand for cement, posing challenges for the industry.

Elections in India, held at various levels of government, have a significant impact on cement demand. During the election season, construction activities, particularly gover..

Cement demand to outpace supply growth

Industry experts scheduled to converge for 14th Cement EXPO, India’s biggest cement event on Dec 14-15 in Delhi

The ongoing consolidation within the cement sector is poised to yield positive outcomes for the industry. The Ambuja-Sanghi deal itself was concluded at an adjusted enterprise value to tonne (EV/T) ratio of $70/tonne.

Projections suggest that the cement industry's capacity will experience an incremental increase at a Compound Annual Growth Rate (CAGR) of 4.2 percent. In contrast, the demand for cement is expected to outpace this supply growth, with a projected ..

UltraTech Cement's Q1FY24 Earnings Soar, Gujarat Capacity Expanded

UltraTech Cement Ltd., India's largest cement producer, revealed the successful commencement of a 1.2 million tonnes per annum (mtpa) brownfield cement capacity at Magdalla, Gujarat. This new addition has increased the unit's total capacity to 1.93 mtpa. Furthermore, UltraTech Cement reported that its total grey cement manufacturing capacity in India now stands at 132.45 mtpa.

In the last quarter, which ended in June 2023, UltraTech Cement experienced robust growth in both revenue and profit, surpassing analyst estimates. The company recorded a net profit of Rs 16.90 billion for the..

Shree Cement incurs Rs 6.62 billion profit for Q4; beats expectations

Shree Cement, India's third-largest cement manufacturer by market capitalisation announced a fourth-quarter profit that exceeded, attributing it to increased volumes driven by lower cement prices. Typically, cement companies witness a surge in volumes in the March quarter as they reduce prices to clear year-end inventory backlogs.

Analysts had anticipated that reduced fuel costs would partially offset the decline in prices. Shree Cement's profit for the quarter ending March 31 reached Rs 6.62 billion, surpassing street forecasts of Rs 6.20 billion, as per LSEG data. This marked a si..

Jaishankar Highlights Mumbai-Ahmedabad Bullet Train Benefits

india's vision of a modern and interconnected transportation network. Foreign Minister S Jaishankar has emphasised the significant benefits of the Mumbai-Ahmedabad bullet train project, citing its potential to revolutionise transportation and boost economic growth. Speaking on the project, Jaishankar highlighted its role in enhancing connectivity, fostering economic development, and strengthening bilateral ties with Japan.

The Mumbai-Ahmedabad bullet train project, a flagship infrastructure initiative between India and Japan, aims to reduce travel time between the two cities from hour..