Economy & Market

Rajasthan govt gave undue benefits to cement firms: PAC

Published

13 years ago

November 30, 2012

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The State government appears to have allowed undue advantage to the cement manufacturers in Rajasthan, causing a loss of crores to the exchequer between the year 2002 and 2005. The State assembly’s Public Accounts Committee (PAC) has initiated a probe into the irregularity, which could be the tip of a financial scandal. The probe has, simultaneously, heated up the state BJP’s internal politics as the PAC head is the party’s senior legislator Gulab Chand Kataria and the irregularity’s most part was committed during the Vasundhara Raje regime. Kataria and Raje are known to be bitter rivals within the BJP. The matter relates to loss of revenue to the state arising from cement manufacturers’ failure in filling up a particular ‘Form C’ related to inter-state trades. On the basis of the Central government’s directions, a notification was issued in 2002 making it mandatory for the cement manufacturers engaged in inter-state trade to fill ‘Form C’. However, compliance of the notification was not ensured in Rajasthan until 2005.The State government’s negligence or ill intentions caused a loss of crores of rupees in revenue to the exchequer.

Concrete

Cement industry to gain from new infrastructure spending

Published

1 week ago

July 24, 2025

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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/

Concrete

AI boom drives demand, says ACA

Published

1 week ago

July 24, 2025

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The American Cement Association projects a nearly 1Mt annual increase in US cement demand over the next three years, driven by the surge in AI data centres. Consumption by data centres is expected to grow from 247,000 tonnes in 2025 to 860,000 tonnes by 2027. With over 5,400 AI data centres currently operating and numbers forecast to exceed 6,000 by 2027, the association cautions that regulatory hurdles and labour shortages may impact the industry’s ability to meet demand.

Image source:https://img-s-msn-com.akamaized.net/tenant/amp/entityid/AA1zOrih.img?w=2000&h=1362&m=4&q=79

Concrete

GoldCrest Cement to build plant in India

Published

1 week ago

July 23, 2025

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GoldCrest Cement will build a greenfield integrated plant with a 3.5Mt/yr clinker capacity and 4.5Mt/yr cement capacity. GoldCrest Cement appointed Humboldt Wedag India as engineering, procurement and construction contractor in March 2025 and targets completion by March 2027. It has signed a 40-year supply agreement with Gujarat Mineral Development Corporation for 150Mt of limestone from its upcoming Lakhpat Punrajpur mine in Gujarat.