Connect with us

Economy & Market

TN builders protest hike in prices of cement, sand

Published

on

Shares

Protesting the rising prices of cement and sand, the Builders Association of India (BAI) in Coimbatore proposes to stage a state-wide demonstration shorty, said said K. Viswanathan, national vice-president of BAI (southern region), in Coimbatore on August 21. The Association is to take out a rally and present a memorandum to officials concerned, he added.The Association alleges that the cement companies were creating an artificial demand to increase the price and want the situation corrected immediately.Despite there being a verdict from the Competition Commission of India (CCI) there seemed to be no control over the prices of cement, the Association said. The cement companies did not reduce prices despite the CCI order, it said. The Association, demanded formation of a cement regulatory authority.BAI, along with CREDAI, Indian Institute of Architects, Association of Licensed Building Surveyors, Association of Consulting Civil Engineers and Coimbatore Civil Engineers Association, would take out a rally from Anna statue to Red Cross building pressing to bring down the cost of cement and sandCurrently, the price of cement was Rs 330 per bag, up from around Rs 260-Rs 275 about six months ago. Similarly, the price of sand per unit had gone up to Rs 5,000, which was costing around Rs 3,000 for several years until a few months ago, the Association said.With respect to sand, the Association demanded that the PWD identify new riverbeds and allow mining. In such new sources, it will take at least six months to get environmental clearance. Hence, after identifying new sources, the State should help get clearance quickly, said Viswanathan said.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Concrete

CCU testbeds in Tamil Nadu

Published

on

By

Shares

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/

Continue Reading

Concrete

JSW Cement gears up for IPO

Published

on

By

Shares

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.

Continue Reading

Concrete

Cement industry to gain from new infrastructure spending

Published

on

By

Shares

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/

Continue Reading

Trending News