Economy & Market

Big companies to sell cement at Rs 125 a bag

Published

11 years ago

October 28, 2014

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Following the announcement of building cement concrete roads by the Transport Minister, Nitin Gadkari, cement manufactureres have promptly offered cement at discounted price.Over three dozen cement manufacturers have offered to supply cement for as low as 125 a bag to the governmemnt for infrastructure development. On an average, the price tag of Rs 180-190 a bag is a whooping discount, of 30 per cent from the market price of Rs 270-300 for a 50 kg bag. Leading companies including ACC, Ambuja, Jaypee, UltraTech, Reliance, etc., have participated in the bids and quoted prices at over 200 factory outlets spread all over the country. Participating companies will have to give a bank guarantee of Rs 10 lakh each, which will be forfited if they do not supply cement at the price quoted by them.

Initially, the transport ministry was to enter in a long-term contract with cement manufacturers and reduce cement price volatility. Since the government cannot get private road building companies to buy cement at these prices, it has now decided to make these quoted prices public to ensure transperancy.

The heavy discounts make the cement concrete roads commercially attractive in comparison to bitumen roads. Cement concrete roads don’t need maintenance for 15-20 years, so the overall investment will come down drastically in the long term.

Concrete

WCA Welcomes SiloConnect as associate corporate member

Published

3 days ago

April 13, 2026

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The World Cement Association (WCA) has announced SiloConnect as its newest associate corporate member, expanding its network of technology providers supporting digitalisation in the cement industry. SiloConnect offers smart sensor technology that provides real-time visibility of cement inventory levels at customer silos, enabling producers to monitor stock remotely and plan deliveries more efficiently. The solution helps companies move from reactive to proactive logistics, improving delivery planning, operational efficiency and safety by reducing manual inspections. The technology is already used by major cement producers such as Holcim, Cemex and Heidelberg Materials and is deployed across more than 30 countries worldwide.

Concrete

TotalEnergies and Holcim Launch Floating Solar Plant in Belgium

Published

3 days ago

April 13, 2026

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TotalEnergies and Holcim have commissioned a floating solar power plant in Obourg, Belgium, built on a rehabilitated former chalk quarry that has been converted into a lake. The project has a generation capacity of 31 MW and produces around 30 GWh of renewable electricity annually, which will be used to power Holcim’s nearby industrial operations. The project is currently the largest floating solar installation in Europe dedicated entirely to industrial self-consumption. To ensure minimal impact on the surrounding landscape, more than 700 metres of horizontal directional drilling were used to connect the solar installation to the electrical substation. The project reflects ongoing collaboration between the two companies to support industrial decarbonisation through renewable energy solutions and innovative infrastructure development.

Concrete

Cortec® Corporation applauded for its strong safety performance

Published

3 days ago

April 13, 2026

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Cortec® Corporation has been recognised for its strong safety performance, receiving its sixth Governor’s Workplace Safety Award for its outstanding performance in 2025. As a Silver Achievement recipient, the company continues to maintain safety metrics well above national industry averages, an impressive accomplishment for a chemical manufacturing organisation. This achievement reflects Cortec’s proactive approach to workplace safety, focused on early hazard detection and employee involvement. The company will be formally recognised at the Minnesota Safety and Health Conference in May, highlighting how industrial companies are effectively strengthening workplace safety standards.