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Economy & Market

Indian Construction Festival 2018

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The festival, organised by FIRST Construction Council, in New Delhi from October 24-25, successfully brought together the government and the private sector to chart a forward path for India’s construction and infrastructure agenda.

It all began 10-11 months ago, when infrastructure think tank FIRST Construction Council approached the Ministry of Commerce, Government of India. The council’s premise was loud and clear: A $170-billion opportunity is moving to Asia and India stands poised to capitalise on it with its engineering talent pool, software capabilities, infrastructure, and the ability to scale up the value chain. The need of the hour was equally clear: A much simpler environment for companies to set up their base and operate in India. What began as a discussion, evolved into a blockbuster event in New Delhi – the India Construction Festival 2018 (ICF 2018).

Indeed, the festival celebrated opportunities, recognised excellence and brought the gamut of the global and national building, construction and infrastructure fraternity together. Held in association with the world’s oldest and largest circulated New York-based ENGINEERING NEWS-RECORD (ENR) magazine, the event was supported by the Ministry of Commerce, and Suresh Prabhu, Minister of Commerce & Industry and Civil Aviation, graced the event as Chief Guest. Other supporters of the event included the Engineering Export Promotion Council, US India Business Council, Builder Association of India and National Highway Builder Federation.

The agenda
Day 1 started with the India Roads Conference, followed by the 16th CONSTRUCTION WORLD Global Awards, while Day 2 kicked off with the CONSTRUCTION WORLD

Leadership
Summit and concluded with the 6th Annual Equipment India Awards. And, there was much more to the two-day construction carnival. FIRST Construction Council launched its first ever exclusive report on the failure of TMT rebars; Suresh Prabhu launched the CONSTRUCTION WORLD and INFRASTRUCTURE TODAY Anniversary Editions; Graham Robbinson, Economist and Executive Director, Global Perspectives, spoke on ‘Construction Trends 2030’ and the critical role India has to play; and there was an exclusive project presentation on the Statue of Unity, the world’s tallest statue of Sardar Vallabhai Patel being unveiled by the Prime Minister.

Welcoming an audience of over 700 at the festival, Pratap Padode, Founder & President, FIRST Construction Council, said: ‘Haphazard growth has cost us dearly and the investments we are really talking about are humongous. There is no point in wasting them and realising five years down the line what we should have done otherwise. Be it design, building material or engineering, it is better to deliberate, plan, design, and then do what we need to do.’

In her address, Janice Tuchman, Editor-in-Chief, ENR, said, ‘It is amazing to see you all (the audience) out there and have this great brain thrust coming to talk about construction. I am excited to be collaborating with FIRST Construction Council and its aim to introduce some of the best practices in the construction sector in India.’

For his part, Scott Seltz, Publisher, ENR, said, ‘We are honoured to be here and support the India Construction Festival 2018. Our mission at ENR is to be the resource for the engineering and construction industries by providing our services to engineering and construction professionals like you. Being our first visit to India, we have seen the country’s rich history of engineering and building wonders. In years to come, India will create and produce infrastructure projects that will have a tremendous impact on its culture, economy and society.’

Across the board, industry sentiments were more positive than ever and there was a palpable emotion: Hope. Held amid an august gathering of top government officials, policymakers and regulators, captains of the construction industry as well as analysts and finance bigwigs from India and business delegations from overseas, ICF was the perfect networking ground for the who’s who of the construction fraternity.

EXCLUSIVE REPORT!!!
Reality Check: Quality of TMT Rebars

While addressing the vast gathering at the India Construction Festival, Pratap Padode, Founder & President, FIRST Construction Council, launched the council’s exclusive first-of-its-kind study and analysis on TMT rebars. Sixty-six TMT rebar samples manufactured by 26 brands were sent to be tested for impurities. The results were alarming: Over 50 per cent of TMT rebars advertised on national TV failed the test as they were inferior and will invite structural damage earlier than later. ‘The test result indicates that if 70 per cent of the material getting into roads and building construction is of inferior quality, our future is definitely at stake,’ said Padode.

Considering the current focus and opportunity
in India’s infra plan, this begs the question:
Is the country’s Rs 5.7 trillion infrastructure at risk? Download the full report from www.firstconstructioncouncil.com/report.php)

‘The construction industry will demand quality infrastructure with least cost and time.’
– Suresh Prabhu, Minister of Commerce and Industry and Civil Aviation, GoI
‘The Indian economy, which is the fastest growing economy, is marching towards higher and better growth. A glimpse of the near future promises the possibility of anything and everything with the help of new technology, with least investment and people benefitting from it at large.

The growth of the country’s economy lies in infrastructure projects, such as providing houses, building roads, laying new tracks, etc. Therefore, the construction sector will be playing an important role in India’s growing economy. Despite the availability of technology, all construction projects are labour-intensive; hence, they will generate huge employment opportunities throughout the country.

In days to come, one will observe that quality infrastructure, constructing projects with the least time and cost and best quality, will be the new demand of the construction industry. In that context, I congratulate Pratap Padode for bringing us under one roof and deliberating upon many issues related to the growth of this industry. In days to come, this will help the growth of the industry in an organised manner, where key inputs will come from the industry itself.

I am glad that this particular conclave took place and I look forward to all of you succeeding in your business endeavours and making Indian infrastructure better.’

‘Andhra Pradesh plans to be India’s topmost investment destination by 2050.’
– Bhavna Saxena, Special Commissioner, Andhra Pradesh Economic Development Board

‘The focus is to transform the state into a happy, inclusive and innovation-driven society. The current growth rate of Andhra Pradesh is 11.22 per cent, which is far ahead of the national average of 7.52 per cent. We have consistently been moving up on the growth chart. Therefore, there is economic stability in the state.

There is 10 per cent growth equally across the agricultural, manufacturing and services sectors, generating balanced economic development and integration of policies. Besides, there is a targetted increase in urbanisation – from 35 per cent to 50 per cent in the coming years, which is of interest to the construction industry. Andhra Pradesh has been ranked No. 1 in ease of doing business by the World Bank as well as the Government of India two years in a row. All approvals take place within 21 days; this is the bedrock of the investment-friendliness of the state. To date, 31,423 have been granted; in the past six months, compliance was 99 per cent and in the past two months, it was 100 per cent.

In Amaravati, we have real-time governance and a command centre, where all department updates and approvals are done on a real-time basis; this is monitored by the chief minister. This shows a high level of accountability.

Andhra Pradesh plans to be the topmost investment destination in the country by 2050. The vision document has been approved and plans are in place. The opportunities in the coming years will be the greenfield city of Amaravati, the Polavaram project, six new proposed airports and eight new proposed ports.’

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Economy & Market

Hindalco Buys US Speciality Alumina Firm for $125 Million

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This strategic acquisition marks a significant investment in speciality alumina, a key step by Aditya Birla Group’s metals flagship towards becoming future-ready by scaling its high-value, technology-led materials portfolio.

Hindalco Industries, the world’s largest aluminium company by revenue and the metals flagship of the $28 billion Aditya Birla Group, has announced the acquisition of a 100 per cent equity stake in US-based AluChem Companies—a prominent manufacturer of speciality alumina—for an enterprise value of $125 million. The transaction will be executed through Aditya Holdings, a wholly owned subsidiary.

This acquisition represents a pivotal investment in speciality alumina and advances Hindalco’s strategy to expand its high-value, technology-led materials portfolio.

Hindalco’s speciality alumina business, a key pillar of its value-added strategy, has delivered consistent double-digit growth in recent years. It has emerged as a high-growth, high-margin vertical within the company’s portfolio. As speciality alumina finds expanding applications across electric mobility, semiconductors, and precision ceramics, the deal positions Hindalco further up the innovation curve, enabling next-generation alumina solutions and value-accretive growth.

Kumar Mangalam Birla, Chairman of Aditya Birla Group, called the acquisition an important step in their global strategy to build a leadership position in value-added, high-tech materials.

“Our strategic foray into the speciality alumina space will not only accelerate the development of future-ready, sustainable solutions but also open new pathways to pursue high-impact growth opportunities. By integrating advanced technologies into our value chain, we are reinforcing our commitment to self-reliance, import substitution, and building scale in innovation-led businesses.”

Ronald P Zapletal, Founder, AluChem Companies, said the partnership with Hindalco would provide AluChem the ability and capital to scale up faster and build scale in North America.

“AluChem will benefit from their world-class sustainability and safety standards and practices, access to integrated operations and a consistent, reliable raw material supply chain. Their ability to leverage R&D capabilities and a talented workforce adds tremendous value to our innovation pipeline, helping drive market expansion beyond North America.”

An Eye on the Future

The global speciality alumina market is projected to grow significantly, with rising demand for tailored solutions in sectors such as ceramics, electronics, aerospace, and medical applications. Hindalco currently operates 500,000 tonnes of speciality alumina capacity and aims to scale this up to 1 million tonnes by FY2030.

Commenting on the development, Satish Pai, Managing Director, Hindalco Industries, said the deal reinforced their commitment to innovation and global expansion.

“As alumina gains increasing relevance in critical and clean-tech sectors, AluChem’s advanced chemistry capabilities will significantly enhance our ability to serve these fast-evolving markets. Importantly, it deepens our high-value-added portfolio with differentiated products that drive profitability and strengthen our global competitiveness.”

AluChem adds a strong North American presence to Hindalco’s portfolio, with an annual capacity of 60,000 tonnes across three advanced manufacturing facilities in Ohio and Arkansas. The company is a long-standing supplier of ultra-low soda calcined and tabular alumina, materials prized for their thermal and mechanical stability and widely used in precision engineering and high-performance refractories.

Saurabh Khedekar, CEO of the Alumina Business at Hindalco Industries, said the acquisition unlocked immediate synergies, including market access and portfolio diversification.

“Hindalco plans to work with AluChem’s high performance technology solutions and scale up production of ultra-low soda alumina products to drive a larger global market share.”

The transaction is expected to close in the upcoming quarter, subject to customary closing conditions and regulatory approvals.

 

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Concrete

Shree Cement reports 2025 financial year results

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Shree Cement posted revenue of US$2.38 billion for FY2025, marking a 5.5 per cent decline year-on-year. Operating costs rose 2.9 per cent to US$2.17 billion, resulting in an EBITDA of US$528 million—down 12 per cent from the previous year. Net profit fell 50 per cent to US$141 million. The company reported cement sales of 9.84Mt in Q4 FY2025, a 3.3 per cent increase from 9.53Mt in Q4 FY2024, with premium products making up 16 per cent of total sales.

Image source:https://newsmantra.in/

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Concrete

Rekha Onteddu to become director at Sagar Cements

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Sagar Cements has announced the appointment of Rekha Onteddu as a non-executive independent director, effective 30 June 2025. According to People in Business News, Rekha Onteddu is currently serving in a similar capacity at Andhra Cements, the parent company of Sagar Cements.

Image source:https://sagarcements.in/

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