India Cements expects demand to rise in key markets
Cement

India Cements expects demand to rise in key markets

With further relaxation of lockdown measures, India Cement expects increased public spending on rural infrastructure, irrigation, road building and other projects. The firm is anticipating that this, along with a pick-up in individual home building and construction, is expected to improve cemen...

"Join industry leaders at RAHSTA Expo, India's premier platform for roads, highways and traffic infrastructure. Register now to explore innovations, network with experts and shape the future of mobility."

With further relaxation of lockdown measures, India Cement expects increased public spending on rural infrastructure, irrigation, road building and other projects. The firm is anticipating that this, along with a pick-up in individual home building and construction, is expected to improve cement demand. It expects demand to pick up in its key markets such as Andhra Pradesh and Telangana, in addition to the release of pent-up demand and rural sales. The two southern states as well as Maharashtra witnessed a steep decline in demand due to deferment of spending on major projects by the newly elected state governments during 2019-20. Cement prices, which started improving from February 2019, went down after the first quarter of last year.Contact: N Srinivasan, Vice-Chairman & Managing Director, India Cements.Address: Coromandel Towers, 93, Santhome High Road, Karpagam Avenue, RA Puram, Chennai-600 028.Tel: 044-2852 1526.E-mail: corporate@indiacements.co.inWebsite: www.indiacements.co.in

Next Story
Real Estate

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

Next Story
Real Estate

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

Next Story
Infrastructure Urban

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement