Economy & Market

NHAI has approved our our cement for their projects

Published

3 years ago

October 14, 2021

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Rajan Vadalia, Managing Director, Hi- Bond Cement

Hailing from the renowned group of Kishan Group of Companies, Hi-Bond Cement celebrates its debut in the cement industry by announcing an expansion plans in Gujarat. Rajan Vadalia, Managing Director, Hi- Bond Cement, talks to ICR about their views on the current scenario of the cement industry, sustainability initiatives and much more.

What is your view on the current scenario of the Indian cement industry?

The cement industry is facing a series of problems, one is the over capacity in southern region, the other is the constant slow down in the growth of the GDP lastly poor export demand has put the industry into a deep mess which is now the matter of concern.

Owing to the financial crisis last year, how has your company performed financially in the year 2012?

This being is the first year of operation and we had a trial production for quite some time, due to these reasons financial strains were bound to be there and we were ready for it.

How many plants does the company have and what are your strategies behind operating in only in Gujarat and is your market share in the state and is the company planning to add capacity in the production unit or planning to expand?

Our Group (Promoters), Kishan Industries, has got three cement plants two with vertical shaft Kiln and Hi-Bond cement with Rotary Kiln. We produce OPC grade 53 and PPC – flyash based cement. The Hi-Bond plant is of 0.9 million tonne per annum capacity which is now being too expanded to 1.2 million tonne per annum. Cement being a bulk material and logistic cost is a major cost component and is economical to market cement only in Gujarat. Our total production is less than 7 per cent of the total cement consumption of Gujarat and it is not difficult to market the product within the state of Gujarat. Once our expansion is complete, we intend to go public by restructuring the company which is a private company, fully owned by owners. Once this is done we intend to expand our tentacles to the adjoining states preferably Rajasthan or Madhya Pradesh. We intend to do this by setting up a green field project.

For the cement industry, consolidation remains the key; does the company intend any acquisitions or tie ups in the near future?

Yes, we would like to tie up with bigger companies in this business and expand our wings in other states.

How do you keep in pace with the latest technologies for your cement plant?

Our suppliers have assured us that they would incorporate new technologies in the plant as and when upgraded to keep pace with changes in the technology.

Kindly tell us about the sustainability initiatives taken by the company and highlight the clients that the company has worked with?

We have planted trees all around our factory in which we are using the drained out water and also sewage water and have made the complete environment green. All raw material are covered including clinker, coal and limestone and gypsum so that the emission of dust is negligible. The ESP system works 24 hours with 100 per cent efficiency. We are also planning to install a waste heat recovery plant. We are responsible stewardship of the natural environment and the protection of human health. Recognising the environmental implications of our activities, we are continually striving to improve our environmental performance by setting and reviewing measurable objectives and targets associated with our operations. We seek to minimise natural resource consumption, waste, and adverse environmental impacts optimise the use of technology and pursuit of our economic objectives. The company has worked on various projects. Namely Classic Network – Rajkot, Krunal Structure, Patel Infrastructure, Lafarge Aggregates Concrete, RMC Readymix India (A Division of Prism Cement) and many more.

Kindly throw light on your dealer network and kindly tell us the projects on which you have worked?

We have closely knitted network of more than 600 dealers with 22 market organisers to co-ordinate with them and support them financially with a team of 40 strong marketing men. Despite being only eight months old in production, our product has been widely acclaimed by one and all including precast industry, pre-fab industry. Also we have worked on various multistoried buildings and ready-mix industry. NHAI has also approved our cement for their projects. All thanks to the high quality standards that our company follows and which also happens to be the USP.

It is said that energy and logistics are the biggest costs for the cement industry, how does the company cut down the expenses on the same?

To mitigate logistic cost we have limited our marketing area within the average radius of 300 km and for energy we are planning power through waste heat recovery.

The development of the rural areas would contribute to the growth in demand of cement. Comment?

Yes, it is true. Rural India needs too much development. Even if ‘kachha’ houses are converted into ‘pakka’ houses the demand for cement consumption would rise by two fold. However a lot depends on the government policies.

Concrete

15th Cement EXPO: A Step Forward in Cement Innovation

Published

3 weeks ago

January 17, 2025

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Mumbai

Following the immense success of the 14th Cement EXPO, held on December 14-15, 2023, at the Manekshaw Centre, New Delhi, the next edition of this premier event is set to take place in March 2025. The 15th Cement EXPO will be hosted at Yashobhoomi, Delhi, on 12th and 13th November 2025.

Meanwhile, the Cement Expo Forum 2025 is scheduled for 5th and 6th March 2025 at Taj Krishna in Hyderabad. This exciting 3-in-1 event, organised by FIRST Construction Council (FCC) and Indian Cement Review (ICR), will bring together industry leaders, innovators, and stakeholders to discuss the future of the cement sector.

Building on the Success of the 14th Cement EXPO

The 14th Cement EXPO was widely praised for its strong participation, attracting over 1,500 senior managers and decision-makers from across the cement industry. The event was inaugurated by Dr. Vibha Dhawan, Director General of TERI, and Ali Emir Adiguzel, Founder and Director of the World Cement Association, alongside Pratap Padode, Founder of FIRST Construction Council (FCC). The two-tiered exhibition space featured cutting-edge products and innovations from top companies within the cement industry’s supply chain.

The event also garnered significant support from key government bodies, including the Ministry of Road Transport and Highways, Government e-Marketplace (GeM), and the Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce and Industry, Government of India (GoI).

Recognition and Excellence in the Cement Industry

The 7th Indian Cement Review Awards celebrated excellence by presenting awards to 11 companies in various categories, recognising their contributions to growth and innovation within the industry. Notably, Parth Jindal, Managing Director of JSW Cement, was honoured with the prestigious Indian Cement Review – Person of the Year Award 2023. Meanwhile, Vinita Singhania, Vice Chairman and Managing Director of JK Lakshmi Cement Ltd, received the Lifetime Achievement Award for her outstanding leadership and contributions to the sector.

A Vision for Sustainability

With the theme of “Driving Sustainability Through Technology,” the 9th Indian Cement Review Conference hosted thought-provoking discussions and presentations, highlighting the industry’s commitment to adopting innovative, sustainable practices. The conference served as a platform for dialogue on the latest technological advancements aimed at transforming the cement sector, addressing key challenges, and fostering growth.

What to Expect from Cement EXPO 2025

The 15th Cement EXPO, along with the 10th Indian Cement Review Conference and the 8th Indian Cement Review Awards, is set to be even bigger and more impactful than the 2023 edition. With an expanded exhibition space, greater participation, and more in-depth discussions, the 2025 event will continue to drive the industry forward. This 3-in-1 event promises to be a pivotal moment in the ongoing transformation of the cement sector.

As the industry evolves, the 15th Cement EXPO 2025 will serve as a crucial platform for showcasing innovations, discussing emerging trends, and forging new partnerships to shape the future of cement and construction.

For more details:

Cement Expo Forum 2025: https://cementexpo.in/forum

15^th Cement Expo 2025: https://cementexpo.in/

FOR CONFERENCE SPONSORSHIPS

Sheetal Talreja

Mob: +91 842 2874 030

Email: sheetal@IndianCementReview.com

FOR EXHIBITION/SPONSORSHIPS

Sujoy Gomes

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Email: Sujoy.g@ASAPPinfoGlobal.com

FOR SPONSORSHIPS

Ratan Rajbhar

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Email: ratan.r@ASAPPinfoGlobal.com

Concrete

Construction sector growth slows to 8-10% for FY2025: ICRA

Published

3 weeks ago

January 15, 2025

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The revenue growth for construction companies in FY2025 is projected at 8-10 per cent, down from the earlier estimate of 12-15 per cent, according to ICRA. This marks the slowest growth in three years, driven by factors such as the Model Code of Conduct in Q1, prolonged monsoons, and milestone-based billing in Q2, particularly affecting road-focused players.
ICRA’s analysis of 19 companies with a combined turnover of Rs.1.28 trillion in FY2024 shows modest revenue growth of 1.5 per cent YoY in H1 FY2025. While execution is expected to improve in H2, FY2025 growth remains below the historical CAGR of ~15 per cent (FY2018-FY2024).
Order inflows in urban transport, water and sewage projects are healthy, but road-focused entities face challenges due to muted inflows and high competition. Operating margins are projected to remain range-bound at 10.5-11 per cent, with debt levels rising to manage working capital needs, though debt coverage metrics remain stable.

Concrete

SANY India expands Pune factory to boost production capacity

Published

3 weeks ago

January 15, 2025

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SANY India inaugurated a cutting-edge factory expansion at its 90-acre Pune facility, elevating its production capacity to over 14,000 units annually, alongside a robust fabrication capacity of 100,000 metric tonnes.

The advanced facility reinforces SANY’s commitment to ‘Make in India’ by enhancing localised manufacturing and supporting global exports. Chairman Xiang Wenbo highlighted the strategic importance of India as a global hub, while Vice Chairman Deepak Garg emphasised the expansion’s role in driving innovation and infrastructure development. This investment enhances efficiency, reduces timelines, and strengthens SANY’s leadership in the construction equipment sector.