Displaying items by tag: India

India: Cement production rose by 7% year-on-year to 39.9Mt in April 2025, up from 37.4Mt in April 2024, according to data from eight core companies compiled by Thurro Research.

Despite the annual growth, April output fell 17% from March 2025’s peak of 47.9Mt due to a typical slowdown in construction activity following fiscal year-end completions.

Analysts attributed April 2025’s strong figure to residual fourth-quarter demand and pre-monsoon construction schedules. Output is expected to moderate during the monsoon, with a rebound forecast in the second half of the 2026 financial year.

India: The Karatoya cement plant in Rajganj, West Bengal, will suspend operations for two months following the termination of its commercial agreement with a business partner, according to The Siliguri Times. The closure affects around 80 permanent and temporary workers, who staged a protest outside the plant. The company had reportedly been producing cement under contract for a ‘reputed’ cement brand for several years. The plant initially operated independently before transitioning to contract production.

Tapan Dey, president of workers organisation INTTUC Jalpaiguri district, said that plant management must provide at least two months of financial support to affected workers and that the matter would be raised with the Jalpaiguri Deputy Labour Commissioner.

India: Renaatus Group subsidiary Renaatus Procon will invest US$29m in the first phase of a new fibre cement board plant in Andhra Pradesh. The facility is due for commissioning in 2026, and will have a production capacity of 60,000t/yr. The plant will supply the construction sector in southern India and export markets, supporting the group’s expansion into sustainable building materials.

India: ACC Chair Karan Adani says that he expects the cement industry to benefit from the an anticipated US$2.2tn in new public infrastructure spending between 2025 and 2030.

Press Trust of India News has reported that Adani said "ACC crossed the 100Mt/yr cement capacity milestone in April 2025, propelling us closer to our ambitious 140Mt/yr target by the 2028 financial year." The company’s capacity corresponds to 15% of an all-India installed capacity of 686Mt/yr.

India: During the fourth quarter of the 2025 financial year (which ended on 31 March 2025), premium products constituted 16% of Shree Cement’s sales mix, up from 12% one year previously. During the period, the company further diversified its offering with the launch of two new premium cements, Bangur Marble Portland slag cement and Extra White Portland slag cement, in Bihar, Jharkhand and West Bengal. Both products are designed for maximum brightness and smoothness within their category of CEM-II Portland slag cements. The company says that its growing portfolio helped it to increase its full-year financial realisation per tonne by 5% year-on-year.

Business Today News has reported that managing director Neeraj Akhoury said "In the 2025 financial year, 74% of our cement output was blended, avoiding over 7.2Mt of CO₂ emissions."

Shree Cement crossed 60% consumption of energy from renewable sources in May 2025, Construction World News has reported. It has 582MW of installed renewable power capacity and is currently in the process of building a 1MW battery storage system at one of its cement plants in India.

India: Management guidance for Indian cement demand growth in the 2026 financial year for ‘most companies’ in the sector was 6 – 7% year-on-year.

In the 2025 financial year, UltraTech Cement and JK Cement raised their cement sales volumes by 17% and 15% year-on-year respectively, due to to demand recovery and the effects of new acquisitions. Ambuja Cement’s volumes grew by 13%, while Dalmia Cement Bharat’s fell by 2% and Ramco Cements’ by 5%.

The Business Standard newspaper has reported that the all-India cement capacity ended the 2025 financial year at 655Mt/yr, up by 5% year-on-year. 60Mt/yr-worth of new cement production capacity is due to come online later in the 2026 financial year, which would increase that figure by a further 9%.

India: Grasim Industries accepted bids worth US$117m in an issue of bonds on 5 June, Reuters has reported. The bonds reportedly have a maturity of five years.

India: Dalmia Cement (Bharat) plans to raise US$122m through the issue of bonds maturing in seven and 10 years. Reuters has reported that the sale includes a greenshoe option of US$34.9m. The producer will receive coupon and commitment bids for both options from 11 June 2025.

India: GoldCrest Cement will build a greenfield integrated plant with a 3.5Mt/yr clinker capacity and 4.5Mt/yr cement capacity. GoldCrest Cement appointed Humboldt Wedag India as engineering, procurement and construction contractor in March 2025 and targets completion by March 2027. It has signed a 40-year supply agreement with Gujarat Mineral Development Corporation for 150Mt of limestone from its upcoming Lakhpat Punrajpur mine in Gujarat.

India: Grasim Industries has appointed Hemant Kumar Kadel as its Chief Financial Officer. He will start the role on 15 August 2025. He succeeds Pavan Kumar Jain.

Kadel, aged 56 years, originally joined Aditya Birla Group in 1991 as a management trainee. He has worked across multiple businesses in the group, including Aditya Birla Nuvo, Birla White and Grasim CFD. Notable work in the cement sector includes expanding and restructuring the group’s white cement business. He currently heads the Corporate Taxation Function for Grasim Industries, where he oversees taxation, internal audit, risk management and mergers and acquisitions. Kadel is a commerce graduate from the University of Rajasthan with further qualifications from the London Business School, the Wharton School of Business at the University of Pennsylvania, ICFAI University and IIM Ahmedabad.