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Indian cement sector continues to grow

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Despite the country’s gross domestic product (GDP) growth plunging to a three-year low of 6.1 per cent for the December quarter, Cement sector in India continued to cling on a double-digit growth trajectory for the fourth month in a row.Good sales from cement majors UltraTech, ACC, Jaiprakash and Shree Cement helped the 330-million-tonne-industry clock a growth of 10.5 per cent (year-on-year) in February. The industry sold 20.4 million tonne (mln t) of the building material against 18.5 mln t in the previous corresponding month.Good demand from the northern and the western region helped to this, say analysts. The southern region could not perform better in February and remained a bit subdued. ACC and Ambuja, part of Swiss cement major Holcim, reported 7.5 per cent and 12.7 per cent growth, respectively, in February. JP Associates sold 31 per cent more during the month while UltraTech Cement posted 5.7 per cent growth in its sales.

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Concrete

CCU testbeds in Tamil Nadu

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Tamil Nadu is set to host one of India’s five national carbon capture and utilisation (CCU) testbeds, aimed at reducing CO2 emissions in the cement industry as part of the country’s 2070 net-zero goal, as per a news report. The facility will be based at UltraTech Cement’s Reddipalayam plant in Ariyalur, supported by IIT Madras and BITS Pilani. Backed by the Department of Science and Technology (DST), the project will pilot an oxygen-enriched kiln capable of capturing up to two tonnes of CO2 per day for conversion into concrete products. Additional testbeds are planned in Rajasthan, Odisha, and Andhra Pradesh, involving companies like JK Cement and Dalmia Cement. Union Minister Jitendra Singh confirmed that funding approvals are underway, with full implementation expected in 2025.

Image source:https://www.heavyequipmentguide.ca/

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Concrete

JSW Cement gears up for IPO

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JSW Cement has set the price range for its upcoming initial public offering(IPO) at US$1.58 to US$1.67 per share, aiming to raise approximately US$409 million. As reported in the news, around US$91 million from the proceeds will be directed towards partially financing a new integrated cement plant in Nagaur, Rajasthan. Additionally, the company plans to utilise US$59.2 million to repay or prepay existing debts. The remaining capital will be allocated for general corporate purposes.

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Concrete

Cement industry to gain from new infrastructure spending

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As per a news report, Karan Adani, ACC Chair, has said that he expects the cement industry to benefit from the an anticipated US$2.2tn in new public infrastructure spending between 2025 and 2030. In a statement he said that ACC has crossed the 100Mt/yr cement capacity milestone in April 2025, propelling the company to get closer to its ambitious 140Mt/yr target by the 2028 financial year. The company’s capacity corresponds to 15 per cent of an all-India installed capacity of 686Mt/yr.

Image source:https://cementplantsupplier.com/cement-manufacturing/emerging-trends-in-cement-manufacturing-technology/

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