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Government involvement is needed

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– G VenkatA Rao, Properietor, Sri Venkata Lakshmi Durga Cement & Iron Stores
We are in the business for 15 year in Kakinada of Andhra Pradesh. We stock brands of India Cements, MyHome Industries, Madras Cements, Parashakti Cement, Sagar Cement, Anjani Cement, and KCP Cement.

We sell both in retail and project markets. Majority of our sales is in retail market and our main target is individual customers. Doing business with projects is risky compared to retail market in the current scenario.

Today the market is very slow and the profit level is not good. For the last two years, the industry growth is very low due to various issues like sand problem and overall slowdown. The division of Andhra Pradesh has also created problems for the industry, due to lack of fund allocation for various projects.

Cement price is going high but profit margin is shrinking. So effectively investment is huge and returns is less.

Future looks positive with the government taking some measures on the various projects. However, we have to wait and see the actual growth of the industry and the business. Depends on the market growth, we are thinking of expanding our network to nearby areas also.

Support from cement companies is also not good nowadays. Since the price is going high, we are forced to sell cement at a loss. Involvement of the government is also negligible. In the coming budget, hope the government will do something on the cement prices.

To feature your views in this section, please contact Sudheer Vathiyath
at 022-24193044 or write to him at
Sudheer@ASAPPmedia.com

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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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