SICMA to make cement available at a reasonable price

22 Jun 2021 CW Team

South Indian Cement Manufacturers’ Association (SICMA) has announced that based on the request made by the Ministry of Industries, it has ensured the public that during the pandemic, the company will make sure that cement is available at a reasonable price.

Currently, the domestic cement industry is undergoing difficult times due to the second Covid-19 wave, working only at 30-40% capacity utilisation.

The second wave of Covid-19 has severely affected the domestic cement generation. All India production decreased 35% month-on-month in April 2021 and was below 4% compared to April 2019.

The cement firms have undertaken price hikes by an average of 5% in April 2021. This hike is driven due to the rise in the input costs, primarily power and fuel costs and freight expenses over the last few months.

However, the price of the cement is expected to sustain in the near term, higher input costs because of the increase in crude oil prices and under-absorption of overheads likely to result in a reduction of EBITDA/tonne to around Rs 1,200 per tonne in Q1FY22, lower by 20% year-on-year and 6-7% quarter-on-quarter basis.

The 25-member body SICMA also said it is working with the Tamil Nadu government to make cement available at a reasonable price to the weaker parts of the society.

Image Source

Also read: Construction, real estate industry protests against surging cement price

Also read: Cement offtake dropped 25% in April-June: ICRA

Infrastructure Urban

08 Apr 2026

UniAcoustic, Vicoustic Form UniVicoustic Alliance

UniAcoustic, part of United Group, has acquired a strategic stake in Portugal-based Vicoustic, forming a new alliance branded as UniVicoustic. The agreement, signed in Mumbai, marks a significant cross-border partnership aligned with evolving India–EU trade dynamics.The collaboration brings together Vicoustic’s global expertise in architectural acoustic products with UniAcoustic’s manufacturing scale and distribution capabilities. The combined platform aims to expand market reach, integrate technology and optimise supply chains across key regions.The development comes amid progress in th..

Dalmia Bharat, Delhi PWD Revamp Under-Flyover Spaces

Dalmia Bharat has partnered with the Public Works Department (PWD), Government of Delhi, to redevelop select under-flyover spaces and a road stretch into sustainable urban hubs. The agreement covers key locations including Lodhi Flyover, Oberoi Flyover, Mangi Bridge and Hanuman Setu.Under the initiative, the company will undertake design, landscaping, plantation and long-term maintenance of the sites, with a defined upkeep period of three years after completion. The project aims to improve urban aesthetics while promoting environmental sustainability and biodiversity restoration in high-densit..

Versigent Debuts as Independent NYSE-Listed Company

Versigent has launched as an independent publicly traded company following its separation from Aptiv, with shares commencing trading on the New York Stock Exchange under the ticker “VGNT”. The move marks a significant milestone in the company’s transition into a standalone global player in power distribution systems.The company specialises in the design, manufacturing and delivery of low- and high-voltage electrical architectures, supported by engineering centres across four continents and manufacturing operations in over 25 countries.Versigent reported revenues of $8.8 billion, net inco..