Cement demand declines with rising input costs
Cement

Cement demand declines with rising input costs

Prices declined in May across all the regions of the country with a drop of up to Rs 35 per bag every month. The cement industry sought a price hike in early May but rolled it back due to muted demand. ...

Prices declined in May across all the regions of the country with a drop of up to Rs 35 per bag every month. The cement industry sought a price hike in early May but rolled it back due to muted demand. The prices of cement bags declined by Rs 23 per bag in the south and Rs 18 in the central region. However, prices in eastern, northern and western regions have declined by Rs 17, Rs 15 and Rs 6, respectively. The rising price of coal and inflation, along with the shortage of labour, is a challenge for cement companies.

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Jury selects Indian Cement Review award winners; Awards to be presented at Cement EXPO 2023

  • The Jury selected the winners of Indian Cement Review's "Person of the Year", "Lifetime Achievement Award" and "Fastest Growing Cement Companies" awards
  • ICR award winners will be felicitated at the 14th Edition of Cement EXPO, India’s leading exhibition for the entire cement industry ecosystem that will be held from December 14-15, 2023, at Manekshaw Center, New Delhi.
  • Mumbai
    The Jury - comprising head honchos of the infrastructure, construction and cement industries - met recently at Shangri La hotel in New Delhi to deliberate on and se..

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    Building Material

    14th Cement EXPO to kick-start from Dec 14, 2023 in New Delhi

  • The 2-day Cement EXPO 2023 will bring together the cement manufacturers, technology/equipment providers and other key stakeholders (like policy makers, building & construction companies, project vendors, etc) under one roof to explore the unlimited business possibilities.
  • The Cement EXPO will be co-located with the 9th Indian Cement Review Conference and the 7th Indian Cement Review Awards.
  • Mumbai

    The most eagerly-awaited 14th Edition of Cement EXPO, India’s leading exhibition for the entire cement industry ecosystem, will be held from Dece..

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    Building Material

    Cement industry targets 80 mt capacity addition in next 3 years

    The cement industry is expecting an 80 million tonne (mt) addition in its capacity over the coming three years during FY 2024.

    It is a quarter more than the previous three fiscals (64 mt) and would be the highest capacity addition in any sector of three continuous years.

    The market share of the 10 leading players would grow as 70% of the new capacities would be added by them. To maintain their credit profiles strong, lower project risks and financing of this capital expenditure (capex) by internal accruals would help.

    According to the media sources, capex plans of ..

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    Building Material

    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..

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    Building Material

    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..

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