Rating agency ICRA expects the all-India cement production in FY22 at 332 million tonne, up 12 per cent from last year supported by pent-up demand, rural housing requirement and pickup in infrastructure activity. “The rural housing demand is expected to be supported by the robust kharif harvest an... Read more...
The rise in prices of cement, steel in Kerala over the past one week has adversely affected the real estate and housing sector. The unprecedented rise of cement prices in the state has had a cascading effect in the real-estate and the construction industry with the prices of cement rising by Rs 50... Read more...
MP Birla Group firm Birla Corporation said it is aiming to almost double its cement manufacturing capacity to 30 million tons per annum in the next five years by 2027. It has an "aggressive expansion plan" and will expand in markets where it has an edge over its competitors, MP Birla Group Chairma... Read more...
KJS Cement (I) Limited reported a profit of Rs 65.44 Cr for the year ended March 31, 2021, a 36.43% increase over Rs47.96cr registered for the last fiscal. During the FY, KJS Cement (I) Limited registered cement sales of 1718019.72 MT and 593250.64 MT of Clinker sale, a considerable increase over t... Read more...
In an endeavour to achieve India's commitment to reduce carbon emissions, The Energy and Resources Institute (TERI) and the Global Cement and Concrete Association (GCCA) India on 17th August announced the signing of a Memorandum of Understanding (MoU) to accelerate sustainable development of cement ... Read more...
Buoyed by healthy growth outlook, the cement industry is pressing the pedal on capacity additions with 80 million tonnes expected over the next three years through fiscal 2024, a quarter more than that seen during the last three fiscals (64 MT). Crisil Ratings says this will also be the highest capa... Read more...
Ahmed Atef Faggal - Associated Professor of Environmental Control, Architectural Department, Faculty of Engineering, Ain Shams University, Egypt. An arising issue that concerns all fields of research is climate change and its impact on the environment. A major reason for this phenomenon is human ... Read more...
THE THREE BIG DRIVERS — BACKLOG, REAL ESTATE & INFRASTRUCTURE DEMAND AND DISRUPTED PRODUCTION AMIDST WORKFORCE SHORTAGE ARE CONSISTENTLY RAISING THE COST OF CONSTRUCTION RAW MATERIALS A.K.A. STEEL AND CEMENT. THE SOLUTION STILL EVADES. Real estate governing bodies CREDAI and NAREDCO have ur... Read more...
Cement production demand and growth was primarily driven by the housing sector during the first two months of the financial year 2021-22. During the months of April and May, the cement production was recorded at 54 million tonnes, which is almost a 100 per cent increase in the production of cement ... Read more...
With the gradual easing of lockdowns and pre-monsoon pent-up demand, June is likely to have registered sequential growth of about 20 percent in cement volumes, said India Ratings in its report. The month of April is likely to have seen a sequential moderation of around 10 per cent in volumes, owing ... Read more...