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Cement despatches grows slowly

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The year-on-year growth of cement despatches was moderate for many companies because of the sluggish pace of construction activity during the year as compared to last year owing to a slowdown in economy.While ACC posted around 4 percent YoY growth in dispatches during September 2012, Ambuja Cement reported flat dispatch numbers. On an MoM basis, the dispatches increased around 5 percent for Ambuja Cements and 3 percent for ACC.According to ICICIdirect, the total industry’s volume may grow at around 7 percent YoY for 2012-13. During September 2012, prices of cement declined Rs 10-30 per bag MoM across regions owing to sluggishness in construction activities on the back of extended monsoons.The broking firm said: "Though the capacity utilisation rate is expected to remain flattish in FY13E at 77 percent owing to higher effective capacity additions, utilisation rates may improve gradually to around 79 percent by FY14E as incremental demand may surpass effective capacity additions during the year".On the pricing front, cement prices may see short-term pressure from seasonal weakness and CCI order. However, an improvement in utilisation rates coupled with higher input costs would keep cement prices at higher levels over a long term, it said.

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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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