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November sees weak cement prices

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In most parts of the country, cement prices in November saw corrections. Central, eastern and northern regions borne most of the brunt. Hyderabad (Andhra Pradesh) surprisingly was an exception to the fall in price.

After the last monsoon season, cement prices are anticipated to improve. October saw a slight uptick in the prices across regions and the same was expected in November.

Bleak demand scenario in Kolkata led to a correction in prices by Rs 12 to Rs 350 per bag which was lower than the peak price of Rs 390 per bag. Prices in Delhi fell by 10 per cent to Rs 295 per bag due to poor demand failing the attempts of price increase by the dealers there.

Shortage of sand led to a slight decline in the cement prices (which stood at Rs 280 per bag) in Punjab. Western and Southern regions witnessed flat month on month cement prices with Hyderabad being an exception, where the prices increased by 12 per cent to Rs 300 per bag despite feeble demand.

Realisations were expected to improve in Southern and Western regions as well, however, cyclone Nilam impacted the demand situation and hence the flat price.

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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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