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UltraTech to focus more on domestic market: Birla

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To focus on the domestic market UltraTech Cement is planning to keep its exports flat for the next few years, the company Chairman Kumar Mangalam Birla has said. Robust domestic demand propelled the cement major to take the decision.Last year, the Birla group company’s exports stood at around Rs 371 crore. He said that the outlook for the cement industry remains challenging, but the company is bullish on the sector. It expects a boost in the domestic market as the infrastructure and construction industry is poised to grow in the coming years, he said.Birla said that at present there is a demand-supply mismatch. With the industry’s proposed capacity expansion of around 71 million tonne between FY13 and FY15, it will be no different for the next 2-3 years. I believe the short-term prospects for the industry appear bearish. Regardless, over the medium to long-term, the sector offers good growth potential, Birla said.The company has also embarked on a Rs 12,000 crore expansion plan to increase its capacity to 62 million tonne by FY14.

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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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