Industry News Feed

In India, flat steel prices were resilient.The per tonne rebar August price has recovered 13-14 per cent to ~54,500 from a low of ~47,900 in late July 2026. HRC has averaged ~58,328 in FY27 year-to-date (YTD) with support from auto sector demand. Prices of inputs such as iron ore, coking coal, and non-coking coal softened M-o-M but were still up Y-o-Y. Industry growth is expected at 7-9 per cent during FY27. Most narratives are centred on volume recovery in the second half (H2) of FY27, amid

The relief, introduced in the wake of the conflict and initially available until June, was extended to September. Under this plan, can be compensated for higher bitumen costs based on actual consumption and prevailing prices. Bitumen price surge is spiking project costs. The price of Bulk VG-40, a common bitumen grade, at Mathura refinery rose from ₹48,892 a tonne on 1 February to ₹82,122 by 16 April, per industry data. Prices since eased to about ₹75,000. Bitumen accounts for 5-10% of the cost

INVOICE DISCOUNTING This is a financing practice followed by businesses to help manage their short-term working capital requirements. When companies sell products and services, they issue invoices to customers. If there is a delay in payment by customers, companies use these unpaid invoices to raise funds from lending institutions. The borrowed amount is a percentage of the invoice value and lending institutions charge an interest and fee for providing this service. When customers make the due p

Artificial intelligence is dominating in construction estimating. As AI-powered tools for takeoffs and drawing analysis become industry standard, the inevitable question arises: Will AI replace human estimators? The short answer is no. Instead, we are seeing a massive shift in how estimators deliver value. AI is proving highly effective at automating repetitive, time-intensive tasks like quantity takeoffs and drawing comparisons.By offloading the busywork, estimators are freed up to do what mac

Top Indian cement firms are expected to report healthy volume growth for the first quarter (April-June/Q1) of 2026-27 (FY27), driven by robust infrastructure activity, a delayed monsoon, and a favourable year-ago base. The quarter is expected to be reasonably healthy from a demand perspective, with

Understanding Cement Trade in India Cement sales in India are split into two categories: 1. Non-trade: Sold in bulk directly to the government or large institutions. This is a "volume game" with lower margins due to high-quantity discounts. 2. Trade: Sold to smaller buyers (like individual retai

The India Construction Market size is projected to be USD 0.74 trillion in 2025, USD 0.79 trillion in 2026, and reach USD 1.10 trillion by 2031, growing at a CAGR of 6.87% from 2026 to 2031. Accelerated highway contract awards, renewable-energy build-outs, and rapid data-center expansion continue to

Jharkhand is one of the richest mineral zones in the world. The state boasts of 40% and 27.3% of India’s mineral and coal reserves respectively. The state’s total coal production stood at 156.48 million tonnes in 2023. It is the only state in India to produce coking coal, uranium, and pyrite. The st

Bihar is one of the fastest-growing states in India. The state's GSDP at current prices is projected to reach ₹10.97 trillion (US$ 128.89 billion) in 2025-26, expanding at a CAGR of 11.42% between 2015-16 and 2025-26. It boasts strong agricultural production, standing as the number one state in the

RMC Is a concrete product that is delivered in a ready-to-use mode. It simplifies the construction process by eliminating the need for onsite mixing. The Indian standard specification IS 4926:2003 defines RMC as concrete mixed in a stationary mixer in a central batching and mixing plant or in a truc

The Top Paint Makers witnessing improving volume and value growth in decorative paints and channel stocking prior to price hike. Will this trend continue FY27. Asian Paints, Berger Paints, Kansai Nerolac, JSW Paints. Read more in article below

Leading Indian cement manufacturers project 7-8% growth in FY27, fueled by robust government infrastructure spending, urbanization, and sustained demand in housing and rural sectors. Despite near-term challenges—specifically rising fuel, freight, and supply chain costs linked to West Asian geopoliti

20% of Indian trucks have gone off the roads as industry battles diesel shortage in several states. India has 9.5M truck/fleets. This is pushing freight cost and inflationary pressures. Worst affected are small truck operators who account for 70% of India Transport sector. Serpentine queues of tru

Future roads will use real-time communication between cars, signs, and lights to make driving safer and less stressful. Instead of flying cars, we get technology that warns you—or stops the car—if there's danger ahead. Eventually, cars will drive themselves, letting you relax, read, or rest just lik

MoD has already had a series of interactions with Government eMarketplace (GeM), the digital platform for procurement of goods and services for integration of TReDS for easier and quicker payment to MSMEs.The push for TReDS is being viewed as part of the government’s larger strategy to deepen the do

The story of road construction is changing. It’s no longer just about how many kilometres are built each day—it’s about what goes into each kilometre and how intelligently it’s built.

ConstroMat Customer can register as Buyer. Following Benefits - -Competitive Unsecured Credit Limits -Streamlined Documentation - one-time documentation during onboarding -Cuts procurement costs - Enjoy a seamless digital funding journey with options like digital signatures or Aadhar-based e-sign, ensuring efficiency from onboarding to funding - Digital onboarding process, including eKYC, video verification, e-agreement signing, documents submission, etc., is fast and convenient.

Understand why cost of Construction Materials varies across states and Cities in India - proximity Limestone Belt, Logistics Savings, High Concentration of Manufacturers,supply-surplus etc Digital procurement platforms are shifting from "nice-to-have" to a contractual standard Based on the material cost data from the JLL 2026 report

Cost Insights 1.Mumbai commands the highest costs across all segments 2.Hospitality dominates the cost spectrum. 5-Star Resort hotels (₹11,400–14,900/sqft) are 3–5× costlier than Standard Residential (₹2,300–3,000) 3.Warehouses and parking structures are the most cost-efficient 4. Universities (₹4,500–5,600) and Hospitals (₹4,300–5,300) sit in the same band as Commercial High-Rise Source JLL Report

Recent geopolitical shifts in West Asia have triggered a 5–8% surge in overall project costs, with bitumen and fuel prices spiking by as much as 20–25%.

India’s construction sector is a major driver of economic growth, valued at about USD 746 billion in 2025 and projected to exceed USD 2 trillion by 2030. As the country’s second-largest employer, it contributes roughly 9% to GDP and supports millions of jobs.

Real Estate Industry analysis for India indicates that FY26 will be a pivotal year for construction material demand, primarily driven by a massive shift in the Commercial Real Estate (CRE) landscape.

What FY25–FY26 mean for contractors & suppliers The building materials industry is going through a short pause, not a slowdown story. Real estate launches and sales were very strong in the last 2–3 years

Q2FY26 was a steady but not hot quarter for cement.

The Indian Interim Budget 2024 has allocated ₹11.11 lakh crore to capital expenditure