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The Indian Interim Budget 2024 has allocated ₹11.11 lakh crore to capital expenditure
The Indian Interim Budget 2024 has allocated ₹11.11 lakh crore to capital expenditure, which is 3.4% of the GDP. This is a positive sign for the construction material sector, as it is expected to boost infrastructure development and increase demand for construction materials.
8 February 2024
Understanding Invoice Discounting
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
Trend Watch: AI in Pre-construction—Empowerment, Not Replacement
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
Industry Update : Cement Industry
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
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
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