Economy & Market

Government plans to double port capacity in five years

Published

11 years ago

July 31, 2014

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The transport ministry is now focusing on promoting waterways as an extensive transport mode in the country and is chalking up plans to develop ports. Already the major ports in the country have plans to commence capacity expansion projects to the tune of 350 mtpa in this financial year itself. The ports have a target to boost the capacity up to 500 mtpa by 2015.

Union Shipping Minister, Nitin Gadkari, said that, ?India plans to double the ports? capacity from the current annual capacity of 800 million tonnes to 1,600 million tonnes over the next 5 years.?.

He added that ?Ports and roads play a key role in development. The country?s GDP can be boosted by 2 per cent if these key infrastructure sectors are developed to their potential.? The government is also in the process of reviewing the role and functioning of the tariff regulator, TAMP, to remove any bottlenecks in the approval process and facilitate growth. The government has initiated a total of 72 projects for the sector under PPP mode. Of these 28 projects worth Rs 8,945.86 crore have been already completed. The remaining forty-four projects worth Rs 30,220.78 crore are at different stages of completion as per the information shared by Minister of State for Shipping, Krishanpal Gurjar, with the Lok Sabha. .

India has one of the largest merchant shipping fleets among the developing countries and is ranked 17th in the world. .

Concrete

CCU testbeds in Tamil Nadu

Published

3 days ago

August 12, 2025

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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/

Concrete

JSW Cement gears up for IPO

Published

3 days ago

August 12, 2025

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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.

Concrete

Cement industry to gain from new infrastructure spending

Published

3 weeks 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/