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Rs 37,653 cr to be invested in AP's cement, fertiliser sectors

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Andhra Pradesh has received investment proposals of Rs 37,653 crore from cement and fertiliser sectors alone during its Partnership Summit held in January this year.The Andhra Pradesh State Investment Promotion Board (SIPB), headed by Chief Minister N Kiran Kumar Reddy, on June 27 cleared 25 investment proposals with a combined investment of Rs 40,379 crore. of the sum, Rs 37,653 crore comes from cement and fertiliser sectors.The cement sector continues to enjoy the government patronage so far this year. It may be recalled that the State government had cleared 15 cement projects with proposed investments of Rs 15,392 crore last year.Reliance Cement Company Private Limited of the Anil Dhirubhai Ambani Group is among the 13 cement projects that will be bringing in Rs 20,980 crore. Some of these cement companies have also proposed to set up captive power units.Incentives, including a 25 per cent value-added tax (VAT) reimbursement, have been granted to these projects as per the state industrial policy, according to the officials. Of these 25 projects, about 20 investment proposals were part of the MoUs signed during the Partnership Summit held in January this year.

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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