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Cement prices come down in rainy season

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As per the reports, cement prices have started to ease by an average of two per cent. Markets had been witnessing continual increases despite the Competition Commission of India’s cartel ruling back in June. However, the average nationwide price of cement has fallen from Rs 310/50kg bag to Rs 304/bag.Due to heavy downpour and floods in the northeast is said to be the main cause of the dip. According to dealers, in Bihar, prices have dipped from Rs 350 to Rs 310 while in Uttar Pradesh, the prevailing prices are Rs 280 against Rs 320 in July. Northeastern markets have seen a fall of Rs 10-15/bag. In mid-July prices had surged to as high as Rs 315, according to one Mumbai-based brokerage. Some analysts had anticipated cement prices to come under pressure following the CCI’s decision to fine 12 cement producers on cartel practice. However, prices, instead, climbed beyond Rs 300 before fall to an average of Rs 290/bag.

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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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