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Jayprakash Associates mulls Rs 50 bn investment

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Jayprakash Associates unveiled its plan to invest Rs 50 bn in power, steel, and coal sectors in Jharkhand while addressing the media at the inaugural ceremony of Bokaro Jaypee Cement in Balidh industrial area.Sunny Gaur MD of Jayprakash Associates said that Jharkhand has a huge potential and so the group has plans to invest to explore power, steel and coal sectors and along with a cement plant being set up in Bokaro, the company aimed at catering to the rising demand in the country’s eastern region.Gaur said that the company will supply cement to Jharkhand, Bihar, Odisha and West Bengal. He said the company as a part of its corporate social responsibility had planned to open an industrial training institute, a school and a health unit for the local residents near the plant site in the Balidih area. The company had approached the district administration for five acre for these projects.

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Concrete

Holcim UK drives sustainable construction

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Holcim UK has released a report titled ‘Making Sustainable Construction a Reality,’ outlining its five-fold commitment to a greener future. The company aims to focus on decarbonisation, circular economy principles, smarter building methods, community engagement, and integrating nature. Based on a survey of 2,000 people, only 41 per cent felt urban spaces in the UK are sustainably built. A significant majority (82 per cent) advocated for more green spaces, 69 per cent called for government leadership in sustainability, and 54 per cent saw businesses as key players. Additionally, 80 per cent of respondents stressed the need for greater transparency from companies regarding their environmental practices.

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Concrete

GCCA releases LCR system

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The Global Cement and Concrete Association (GCCA) has launched the Low Carbon Ratings (LCR) system for cement and concrete, a new global rating based on products’ carbon footprints. The system uses a clear AA to G scale to help customers prioritise sustainability in material selection across construction sectors worldwide. The GCCA says that the LCR system is designed to be easily recognisable, with a simple visual graphic that indicates a product’s rating and provides consistency and comparability to other products.

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Concrete

FLSmidth opens eco-friendly plant in Casablanca

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FLSmidth has inaugurated a €21 million mill liner manufacturing plant in Casablanca, covering 11,250m² with a production capacity of 6,500 tonnes annually. The LEED-certified facility significantly reduces carbon emissions by up to 56 per cent and fully recycles water used in the manufacturing process. Up to 250 jobs will be created in the Valparaíso region. Mikko Keto, CEO, highlighted the plant as a symbol of FLSmidth’s commitment to sustainable mining and community engagement in South America. Earlier in 2024, the Denmark-based company announced plans to sell its cement division to sharpen its focus on mining operations.

 

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