Concrete

The 1st Solar Today Awards 2016

Published

8 years ago

October 31, 2016

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The very first Solar Today Awards 2016 was successfully held at the InterSolar Exhibition in Mumbai on October 21, 2016, in the presence of the industry’s best and brightest.

The Solar Today Awards 2016 function began with the lighting of the lamp by G Adhiseshu, Managing Director, Andhra Pradesh Solar Power Corporation Private Ltd; Pratap Padode, Managing Director, ASAPP Info Global Group and Sumit Banerjee, Chairman, Advisory Board, ASAPP Info Global Group.

This was followed up with an introductory address by Padode, wherein he spoke about the business climate in the country and how despite tough times – financially and otherwise – India Inc is now moving forward in the solar sector. He stated confidence in businesses geared towards sustainability, solar energy and energy storage, which can be the game changers that the country needs.

After the address, an expert panel comprising Prafulla Pathak, Secretary General, Solar Energy Society of India; Preetam D’Souza, Partner, Kochhar & Co; Shirish S Garud, Director and Senior Fellow, TERI and Santosh Janakiram, Partner, Cyril Amarchand Mangaldas and moderated by Vinay Rustagi, Managing Director, Bridge to India, discussed ‘Competitive bidding for solar projects in India’.

While coming to a general consensus that competition in the solar field has drastically brought down solar costs, thus making it more financially competitive, they further felt that viability of such projects is now under question and the structure essentially eliminates smaller players from venturing anywhere near the sector.

The main event on the itinerary for the evening – the awards ceremony – was conducted next. Parameters for the basis of selection for companies were considerations on their grid-connected projects above 1 MW, AC capacity numbers where available and capacity commissioned in the last 12 months.

For the first six awards – Utility Scale Solar (Project Developer and EPC Contractor); Rooftop Solar (Project Developer and EPC Contractor); Module Manufacturer and Inverter Manufacturer – winners were decided purely based on the size or capacity. The decision of the top three players has been adjudged on the basis of data collected by Bridge to India.

The latter four awards – Top Manufacturer in India – Quality and Cost Competitiveness; Best Innovation in the Sector; Best Start-up in the Sector and Emerging State – were selected by the Jury, based on discussions conducted and the nominations received. Here, for the Jury’s Choice Award for Manufacturer in India (Composite) – Quality and Competitiveness, the factors considered were strong reputation for quality, ability to compete internationally and whether the company is amongst the Top 10 players in the country, by virtue of size and volume.

The winners of the 1st inaugural Solar Today Awards 2016:

Utility Scale Solar- Project Developer – Adani Green Energy Ltd (Largest)
Utility Scale Solar- Project Developer – Acme (Second Largest)
Utility Scale Solar – EPC contractor: Mahindra Susten Pvt Ltd (Largest)
Utility Scale Solar – EPC contractor: Sterling and Wilson Pvt Ltd (Second Largest)
Utility Scale Solar – EPC contractor: L&T (Third Largest)
Rooftop Solar – Project Developer: CleanMax Solar (Largest)
Rooftop Solar – Project Developer: Amplus Energy Solutions Pvt Ltd (Second Largest)
Rooftop Solar – EPC: Tata Power Solar System Ltd (Largest)
Rooftop Solar – EPC: Su-Kam Power Systems Ltd (Second Largest)
Rooftop Solar – EPC: Hero Future Energies Ltd (Third Largest)
Top Manufacturer (Module): Vikram Solar Pvt Ltd
Top Manufacturer (Inverter): ABB India Ltd
Jury’s Choice Award for Best Manufacturer in India (Composite): Vikram Solar Pvt Ltd
Jury’s Choice Award for Best Innovation in the solar sector: Su-Kam Power Systems Ltd
Jury’s Choice Award for Best Start-up in the solar sector: OMC Power
Emerging State in the solar sector: Andhra Pradesh

The ceremony ended on a high note with a keynote address by Adhiseshu, who spoke on the importance of solar and how the Andhra Pradesh government is augmenting its plan to add 4,107 MW of solar power capacity during FY17 to FY22 and has set a target of achieving 2,000 MW of solar rooftop by 2022. He extorted the segment players present at the event to take advantage of this and move forwards confidently.

Concrete

Sambhv Steel Tubes is Now Certified as a Great Place to Work

This certification, valid from January 2025 to January 2026.

Published

2 days ago

February 4, 2025

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Sambhv Steel Tubes Limited, one of the key manufacturers of electric resistance welded (“ERW”) steel pipes and structural tubes (hollow section) in India in terms of the installed capacity as of March 31, 2024 (Source: CRISIL Report) is pleased to announce that it has been officially certified as a “Great Place to Work® for 2025.

This certification, valid from January 2025 to January 2026, is a testament to the company’s commitment to fostering a workplace environment built on trust, collaboration, innovation, and employee well-being. Sambhv Steel Tubes also invites talented professionals who share its values of trust, collaboration, and innovation to join its team and be part of its growth journey. The Great Place to Work® certification is a recognized benchmark for workplace excellence. It is awarded based on employee feedback and an evaluation of workplace practices. Achieving this certification underscores Sambhv Steel Tubes’ dedication to nurturing a culture where Sambhv Steel strives to ensure that employees feel valued, supported, and empowered to grow both personally and professionally

The DRHP is available on the website of the Company at www.sambhv.com, SEBI at www.sebi.gov.in, websites of BSE Limited at www.bseindia.com and National Stock Exchange of India Limited at www.nseindia.com and the website of the book running lead managers, i.e. Nuvama Wealth Management Limited and Motilal Oswal Investment Advisors Limited at www.nuvama.com and www.motilaloswalgroup.com, respectively. Any potential investor should note that investment in equity shares involves a high degree of risk and for details relating to such risk, please see the section entitled “Risk Factors” of the RHP, when filed. Potential investors should not rely on the DRHP for making any investment decision. This announcement does not constitute an offer of the Equity Shares for sale in any jurisdiction, including the United States, and the Equity Shares may not be offered or sold in the United States absent registration under the US Securities Act of 1933 or an exemption from registration.

Any public offering of the Equity Shares to be made in the United States will be made by means of a prospectus that may be obtained from the Company and that will contain detailed information about the Company and management, as well as financial statements. However, the Equity Shares are not being offered or sold in the United States. CRISIL Market Intelligence & Analytics (CRISIL MI&A), a division of CRISIL Limited, provides independent research, consulting, risk solutions, and data & analytics to its clients. CRISIL MI&A operates independently of CRISIL’s other divisions and subsidiaries, including, CRISIL Ratings Limited.

Image Source: Sambhv Steel Tubes

Concrete

Cement Industry Key to Growth, Jobs, and Nation Building in Budget

Budget presents opportunities for cement sector in growth, jobs, and infra.

Published

2 days ago

February 4, 2025

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The Cement Manufacturers’ Association (CMA) welcomes the Union Budget 2025-26 presented by the Honourable Finance Minister Nirmala Sitharaman. CMA Member Companies have been at the forefront of nation building by significantly contributing to infrastructure development, employment generation, and economic growth. CMA believes that the Budget presents a commendable vision for India’s development through strategic investments in people, economy, and innovation.

Commenting on the Budget, Neeraj Akhoury, President, Cement Manufacturers’ Association (CMA) and Managing Director, Shree Cement Limited, stated, “CMA hails the Union Budget, announced under the leadership of Prime Minister Narendra Modi for its comprehensive focus on holistic and inclusive development. The Budget reinforces a transformative journey towards building a resilient economy for advancing India’s development goals. The various initiatives announced by the Government balance people’s aspirations with the future requirements for the Country’s economic growth. The focus on increased investments on infrastructure across States amplifies opportunities and avenues for the growth of the Cement sector. We appreciate the sustained core focus on infrastructure and reiterate our commitment to being partners in Nation’s progress.<p></p>

<p>The increased spending on large scale housing and infrastructure projects will drive demand for construction materials allowing capacity expansion and promotion of innovation in sustainable practices. We are certain that despite challenges these measures will support the Cement Industry in achieving a consistent CAGR growth rate of more than 6 per cent of installed cement capacity in the present financial year. Policy reforms in Budget 2025-26 signal a reaffirmation of the Government’s intent to augment socio economic growth across core sectors.”

The Cement Industry plays a vital role in creating direct and indirect employment across various sectors, including manufacturing, logistics, and construction, thereby supporting millions of livelihoods. Additionally, the industry remains a key contributor to the Government exchequer through taxes, duties, and levies, strengthening the country’s fiscal framework.

Parth Jindal, Vice President, Cement Manufacturers’ Association (CMA) and Managing Director, JSW Cement Limited, said, “The Budget presented by Finance Minister Smt. Nirmala Sitharaman is a forward-looking roadmap that will play a pivotal role in shaping the future of India’s cement industry, in line with the country’s vision for a Viksit Bharat by 2047. It prioritizes growth in key sectors such as infrastructure, manufacturing, and technology. The increased investment in technology will accelerate advancements in green cement solutions, driving both sustainability and innovation within the industry. Notable allocations, including Rs 200 billion to foster innovation and Rs 1.5 billion in 50-year interest-free loans to states for capital expenditure on infrastructure development, are expected to significantly bolster growth in the core sectors, including cement sector.

He further added, “The Budget’s focus on a three-year pipeline of projects under the public-private partnership (PPP) model will incentivize private sector investment and catalyse a transformation in the infrastructure landscape. Additionally, the establishment of five National Centers of Excellence for skill development, as part of the ‘Make for India, Make for the World’ initiative, will ensure that India’s emerging workforce is well-equipped to meet the demands of a rapidly growing economy.”

In light of the recent Budget announcements, which prioritise infrastructure expansion and affordable housing, the Cement Industry is poised to leverage these opportunities by ensuring steady and sustained supplies of Cement to meet the Nation’s growing domestic market and infrastructure demand coupled with sustainable and innovative technologies. With a strong commitment to sustainability and efficiency, the Cement Industry will continue to drive India’s progress and economic resilience.

Concrete

GMDC Inks Long-Term Limestone Supply Deal With JK Cement

The agreement has been signed for supply of 250 million tonne.

Published

3 days ago

February 3, 2025

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State-owned GMDC said it has entered into a long-term pact with JK Cement Ltd for the supply of limestone from its upcoming mine in Gujarat.

The agreement has been signed for supply of 250 million tonnes of limestone over a period of 40 years from its upcoming Lakhpat Punrajpur Mine in Lakhpat Taluka of Kutch district in Gujarat.

This agreement will help JK Cement Ltd in setting up an integrated mega-capacity cement plant, fostering industrial growth in the region.Kutch’s coastal proximity, improved access to domestic and international markets, and cost-efficient logistics position it as an ideal hub for cement production.

The state-owned company has five operational lignite mines in Kutch, South Gujarat, and Bhavnagar region.