Economy & Market
Modi 2.0
Published
7 years agoon
By
admin
A second term for Narendra Modi-led Government means continuity of policy and opportunity to push tougher reforms, particularly – land and labour.
For Narendra Modi 2.0, the mandate of 2019 has brought a thicker stability cushion but a heavier load of expectations. The Elections results have been very convincing and indicate continuity in the regime. This is important because the government can continue to pursue its economic framework without any legislative hindrance as the majority is absolute. More importantly as there will be continuity there will be less time spent in formulating a new strategy.
The macro-economic situation however has been mixed by the end of FY19 and would need some direct intervention by the government in certain areas which require attention.
The Cement Manufacturers Association (CMA) would like to engage and work closely with the Government to find mutually beneficial solutions that will have a positive impact on the economy. Implementing government’s agenda on renewable energy by putting up 175 GW of renewable power would go a long way in transforming India to meet its national determined contributions for climate change. The Indian cement sector would like to actively participate in this initiative and looks forward to various policy interventions, which can support captive renewable power capacities.
The cement industry in India has been investing heavily to ensure that the industry in India remains at the cutting edge of technology and addresses global concerns like sustainability. Presently, the Indian cement sector has a surplus capacity of around 25 per cent and considering the same, the import of cement from countries like Pakistan and Bangladesh should be dissuaded."The Government is fully aware of various constraints being faced in the mining sector by the cement industry for which immediate interventions would be required to create ease-of-doing business. This would also support the "Make in India" initiative by maximising utilisation of India’s mineral wealth deeply in a sustainable manner," said Mahendra Singhi, President, Cement Manufacturers Association (CMA), and MD & CEO, Dalmia Cement (Bharat).
People of the world’s largest democracy have given their mandate to the government for another term, thus clearing the path for Narendra Modi. While we have witnessed the implementation of key reforms during the first NDA regime, strengthening of the overall economy is what is expected with the continuance of those reforms. "Looking back, we realise that the two words that perhaps rightly sum up the contribution of the government are continuity and stability," according to Ramesh Nair, CEO and Country Head, JLL India.
These measures would directly impact the real estate market. Segments including residential, office and retail have emerged stronger as a result of the developments so far, as per JLL. The government introduced the Real Estate (Regulation and Development) Act (RERA), a landmark reform in 2016. It also introduced the much-needed Goods and Services Tax (GST) in 2017. These have managed to bring in the much-needed efficiency and transparency in the system, albeit the industry witnessed teething issues during the initial phases of their implementation. Real estate industry expects in the second term of the BJP-led NDA Government.
Pradeep Aggarwal, Founder and Chairman, Signature Global India and Chairman, ASSOCHAM National Council on Real Estate, Housing and Urban Development, said "For the first time in many years, a government has shown inclination towards paying heed to the demands of the sector. GST and RERA are the two aspects that were ignored for quite a long time and by coming out with policies for it; as far GST is concerned, we feel that reduction in rates is lucrative for the buyers but input tax credit should be given to developers. The government has shown that it has good intentions to fulfill Modi’s vision Housing for All by 2020 and that it is not only a slogan."
Dr Niranjan Hiranandani, National President, NAREDCO, had this to say: "We believe the new government works further for the structural reforms and steps that will boost real estate business and strengthen consumer sentiment towards Indian real estate. The strong and steady government should bring about stability with remedial actions without much delay to revive the shock of last quarter economic growth. The stable government reflects the faith reinforced by the aspirational India, which enhances the confidence index domestic as well as globally. The Indian real estate industry is hopeful that the government will redress and resolve the prolonged issue of liquidity crisis that the sector is facing currently. Moreover, rationalising the taxes by subsuming stamp duty under GST will grant a big relief to the home buyers. We highly recommend the National Housing Policy to boost rental housing in order to fulfill the ambitious target of Housing for All by creating surpluses. Furthermore, under the decisive leadership of the Prime Minister, the nation will be able to unleash workforce opportunities in the sector that will help the nation to continue as the world’s fastest growing economy."
A report from CARE Ratings says,"The government has been the main driver of capex in the last two-three years and the steady pace of investment should continue. Continuity in investment in sectors namely roads and highways, urban Infrastructure, railways and renewable energy may be expected that will forge strong backward linkages with the rest of the economy."
"The focus must now be on reinvigorating private investment and here it would be necessary to review the clogs that are in the way of investment. Besides looking at further improving the ease of doing business the government must look at tying up other ends such as taxation, credit, regulation (where sectors have regulatory issues), environment etc. to ensure that there is a pick-up in investment. A relook at policies surrounding land acquisition is a priority as this would not only improve implementation rate of projects but would also help bring funds from private and foreign investors," adds the CARE Ratings’ report.
"The sector expects the new government to emphasise more on re-energising the reforms related to infrastructure investment, land acquisition reforms and speeding up the regulatory functions of the State. The sector had slowed down a bit since the sequential jolt of GST and demonetisation but the new GST regime for the sector was a big relief. We expect the government would take measures to expedite and streamline the environment clearances for the new projects, which is a two stage process and takes two to three years. A better clarity over the norms for infrastructure projects, which involve diversion of forest land for non-forestry purposes is recommended. The sector hopes better stability in the regulatory norms without too many changes," said Rohit Poddar, MD, Poddar Housing and Development and Joint Secretary, NAREDCO West.
The economy is going through a cyclical downturn. The GDP growth in the second half of 2018-19 had fallen to ~6.5 per cent – below the trend rate of growth of India (7 per cent). Consumption demand, which was the bulwark of the economy, has weakened and private investment is yet to show signs of a pickup.
CRISIL provided some agenda for the government.The agenda included: "To speed up employment generation, the government needs to focus on: a) policies that support manufacturing sectors with large employment-growth potential so that, despite slipping labour intensity, absolute employment continues to increase. Such sectors would include textiles, leather, and construction. b) Labour-intensive services such as health and education. This will not only create jobs as health, education and construction are highly labour intensive, but also raise India’s growth potential by making the workforce healthy and skilled/educated. c) Preparing the youth for new job opportunities and skilling for newer forms of jobs that are created due to rapid adoption of technology."
Sanjay Dutt, MD & CEO, Tata Realty and Infrastructure, and Tata Housing Development Company, had this to say: "The election result is good news for the real estate sector. We witnessed significant movement in the infrastructure and real estate sector along with the rise in GDP that resulted in job opportunities and confidence in the real estate sector. With the stability in the government, we expect investments to increase and private equity will play a larger role. The government is aware of the sector’s challenges and we expect some immediate relief and announcements."
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Concrete
Adani’s Strategic Emergence in India’s Cement Landscape
Published
2 weeks agoon
September 16, 2025By
admin
Milind Khangan, Marketing Head, Vertex Market Research, sheds light on Adani’s rapid cement consolidation under its ‘One Business, One Company’ strategy while positioning it to rival UltraTech, and thus, shaping a potential duopoly in India’s booming cement market.
India is the second-largest cement-producing country in the world, following China. This expansion is being driven by tremendous public investment in the housing and infrastructure sectors. The industry is accelerating, with a boost from schemes such as PM Gati Shakti, Bharatmala, and the Vande Bharat corridors. An upsurge in affordable housing under the Pradhan Mantri Awas Yojana (PMAY) further supports this expansion. In May 2025, local cement production increased about 9 per cent from last year to about 40 million metric tonnes for the month. The combined cement capacity in India was recorded at 670 million metric tonnes in the 2025 fiscal year, according to the Cement Manufacturers’ Association (CMA). For the financial year 2026, this is set to grow by another 9 per cent.
In spite of the growing demand, the Indian cement industry is highly competitive. UltraTech Cement (Aditya Birla Group) is still the market leader with domestic installed capacity of more than 186 MTPA as on 2025. It is targeted to achieve 200 MTPA. Adani Cement recently became a major player and is now India’s second-largest cement company. It did this through aggressive consolidation, operational synergies, and scale efficiencies. Indian players in the cement industry are increasingly valuing operational efficiency and sustainability. Some of the strategies with high impact are alternative fuels and materials (AFR) adoption, green cement expansion, and digital technology investments to offset changing regulatory pressure and increasing energy prices.
Building Adani Cement brand
Vertex Market Research explains that the Adani Group is executing a comprehensive reorganisation and consolidation of its cement business under the ‘One Business, One Company’ strategy. The plan is to integrate its diversified holdings into one consolidated corporate entity named Adani Cement. The focus is on operating integration, governance streamlining, and cost reduction in its expanding cement business.
Integration roadmap and key milestones:
- September 2022: The consolidation process started with the $6.4 billion buyout of Holcim’s majority stakes in Ambuja Cements and ACC, with Ambuja becoming the focal point of the consolidation.
- December 2023: Bought Sanghi Industries to strengthen the firm’s presence in western India.
- August 2024: Added Penna Cement to the portfolio, improving penetration of the southern market of India.
- April 2025: Further holding addition in Orient Cement to 46.66 per cent by purchasing the same from CK Birla Group, becoming the promoter with control.
- Ambuja Cements amalgamated with Adani Cement: This was sanctioned by the NCLT on 18th July 2025 with effect from April 1, 2024. This amalgamation brings in limestone reserves and fresh assets into Ambuja.
- Subject to Sanghi and Penna merger with Ambuja: Board approvals in December 2024 with the aim to finish between September to December 2025.
- Ambuja-ACC future integration: The latter is being contemplated as the final step towards consolidation.
- Orient Cement: It would serve as a principal manufacturing facility following the merger.
Scale, capacity expansion and market position
In financial year-2025, Adani Cement, including Ambuja, surpassed 100 MTPA. This makes it one of the world’s top ten cement companies. Along with ACC’s operations, it is now firmly placed as India’s second-largest cement company. In FY25, the Adani group’s sales volume per annum clocked 65 million metric tonnes. Adani Group claims that it now supplies close to 30 per cent of the cement consumed in India’s homes and infrastructure as of June 2025.
The organisation is pursuing aggressive brownfield expansion:
- By FY 2026: Reach 118 MTPA
- By FY 2028: Target 140 MTPA
These goals will be driven by commissioning new clinker and grinding units at key sites, with civil and mechanical works underway.
As of 2024, Adani Cement had its market share pegged at around 14 to 15 per cent, with an ambition to scale this up to 20 per cent by FY?2028, emerging as a potent competitor to UltraTech’s 192?MTPA capacity (186 domestic and overseas).
Strategic advantages and competitive benefits
The consolidation simplifies decision-making by reducing legal entities, centralising oversight, and removing redundant functions. This drives compliance efficiency and transparent reporting. Using procurement power for raw materials and energy lowers costs per ton. Integrated logistics with Adani Ports and freight infrastructure has resulted in an estimated 6 per cent savings in logistics. The group aims for additional savings of INR 500 to 550 per tonne by FY 2028 by integrating green energy, using alternative fuel resources, and improving sourcing methods.
Market coverage and brand consistency
Brand integration under one strategy will provide uniform product quality and easier distribution networks. Integration with Orient Cement’s dealer base, 60 per cent of which already distributes Ambuja/ACC products, enhances outreach and responsiveness.
By having captive limestone reserves at Lakhpat (approximately 275 million tonnes) and proposed new manufacturing facilities in Raigad, Maharashtra, Adani Cement derives cost advantage, raw material security, and long-term operational robustness.
Strategic implications and risks
Consolidation at Adani Cement makes it not just a capacity leader but also an operationally agile competitor with the ability to reap digital and sustainability benefits. Its vertically integrated platform enables cost leadership, market responsiveness, and scalability.
Challenges potentially include:
- Integration challenges across systems, corporate cultures, and plant operations
- Regulatory sanctions for pending mergers and new capacity additions
- Environmental clearances in environmentally sensitive areas and debt management with input price volatility
When materialised, this revolution would create a formidable Adani–UltraTech duopoly, redefining Indian cement on the basis of scale, innovation, and sustainability. India’s leading four cement players such as Adani (ACC and Ambuja), Dalmia Cement, Shree Cement, and UltraTech are expected to dominate the cement market.
Conclusion
Adani’s aggressive consolidation under the ‘One Business, One Company’ strategy signals a decisive shift in the Indian cement industry, positioning the group as a formidable challenger to UltraTech and setting the stage for a potential duopoly that could dominate the sector for years to come. By unifying operations, leveraging economies of scale, and securing vertical integration—from raw material reserves to distribution networks—Adani Cement is building both capacity and resilience, with clear advantages in cost efficiency, market reach, and sustainability. While integration complexities, regulatory hurdles, and environmental approvals remain key challenges, the scale and strategic alignment of this consolidation promise to redefine competition, pricing dynamics, and operational benchmarks in one of the world’s fastest-growing cement markets.
About the author:
Milind Khangan is the Marketing Head at Vertex Market Research and comes with over five years of experience in market research, lead generation and team management.
Concrete
Precision in Motion: A Deep Dive into PowerBuild’s Core Gear Series
Published
1 month agoon
August 16, 2025By
admin
PowerBuild’s flagship Series M, C, F, and K geared motors deliver robust, efficient, and versatile power transmission solutions for industries worldwide.
Products – M, C, F, K: At the heart of every high-performance industrial system lies the need for robust, reliable, and efficient power transmission. PowerBuild answers this need with its flagship geared motor series: M, C, F, and K. Each series is meticulously engineered to serve specific operational demands while maintaining the universal promise of durability, efficiency, and performance.
Series M – Helical Inline Geared Motors: Compact and powerful, the Series M delivers exceptional drive solutions for a broad range of applications. With power handling up to 160kW and torque capacity reaching 20,000 Nm, it is the trusted solution for industries requiring quiet operation, high efficiency, and space-saving design. Series M is available with multiple mounting and motor options, making it a versatile choice for manufacturers and OEMs globally.
Series C – Right Angled Heli-Worm Geared Motors: Combining the benefits of helical and worm gearing, the Series C is designed for right-angled power transmission. With gear ratios of up to 16,000:1 and torque capacities of up to 10,000 Nm, this series is optimal for applications demanding precision in compact spaces. Industries looking for a smooth, low-noise operation with maximum torque efficiency rely on Series C for dependable performance.
Series F – Parallel Shaft Mounted Geared Motors: Built for endurance in the most demanding environments, Series F is widely adopted in steel plants, hoists, cranes, and heavy-duty conveyors. Offering torque up to 10,000 Nm and high gear ratios up to 20,000:1, this product features an integral torque arm and diverse output configurations to meet industry-specific challenges head-on.
Series K – Right Angle Helical Bevel Geared Motors: For industries seeking high efficiency and torque-heavy performance, Series K is the answer. This right-angled geared motor series delivers torque up to 50,000 Nm, making it a preferred choice in core infrastructure sectors such as cement, power, mining, and material handling. Its flexibility in mounting and broad motor options offer engineers’ freedom in design and reliability in execution.
Together, these four series reflect PowerBuild’s commitment to excellence in mechanical power transmission. From compact inline designs to robust right-angle drives, each geared motor is a result of decades of engineering innovation, customer-focused design, and field-tested reliability. Whether the requirement is speed control, torque multiplication, or space efficiency, Radicon’s Series M, C, F, and K stand as trusted powerhouses for global industries.

Klüber Lubrication India’s Klübersynth GEM 4-320 N upgrades synthetic gear oil for energy efficiency.
Klüber Lubrication India has introduced a strategic upgrade for the tyre manufacturing industry by retrofitting its high-performance synthetic gear oil, Klübersynth GEM 4-320 N, into Barrel Cold Feed Extruder gearboxes. This smart substitution, requiring no hardware changes, delivered energy savings of 4-6 per cent, as validated by an internationally recognised energy audit firm under IPMVP – Option B protocols, aligned with
ISO 50015 standards.
Beyond energy efficiency, the retrofit significantly improved operational parameters:
- Lower thermal stress on equipment
- Extended lubricant drain intervals
- Reduction in CO2 emissions and operational costs
These benefits position Klübersynth GEM 4-320 N as a powerful enabler of sustainability goals in line with India’s Business Responsibility and Sustainability Reporting (BRSR) guidelines and global Net Zero commitments.
Verified sustainability, zero compromise
This retrofit case illustrates that meaningful environmental impact doesn’t always require capital-intensive overhauls. Klübersynth GEM 4-320 N demonstrated high performance in demanding operating environments, offering:
- Enhanced component protection
- Extended oil life under high loads
- Stable performance across fluctuating temperatures
By enabling quick wins in efficiency and sustainability without disrupting operations, Klüber reinforces its role as a trusted partner in India’s evolving industrial landscape.
Klüber wins EcoVadis Gold again
Further affirming its global leadership in responsible business practices, Klüber Lubrication has been awarded the EcoVadis Gold certification for the fourth consecutive year in 2025. This recognition places it in the top three per cent
of over 150,000 companies worldwide evaluated for environmental, ethical and sustainable procurement practices.
Klüber’s ongoing investments in R&D and product innovation reflect its commitment to providing data-backed, application-specific lubrication solutions that exceed industry expectations and support long-term sustainability goals.
A trusted industrial ally
Backed by 90+ years of tribology expertise and a global support network, Klüber Lubrication is helping customers transition toward a greener tomorrow. With Klübersynth GEM 4-320 N, tyre manufacturers can take measurable, low-risk steps to boost energy efficiency and regulatory alignment—proving that even the smallest change can spark a significant transformation.

Cement Margins Seen Rising 12–18 per cent in FY26

Adani’s Strategic Emergence in India’s Cement Landscape

Precision in Motion: A Deep Dive into PowerBuild’s Core Gear Series

Driving Measurable Gains

Reshaping the Competitive Landscape

Cement Margins Seen Rising 12–18 per cent in FY26

Adani’s Strategic Emergence in India’s Cement Landscape

Precision in Motion: A Deep Dive into PowerBuild’s Core Gear Series

Driving Measurable Gains
