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Ramco profits take a plunge

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Ramco Cements formerly known as Madras Cements, has reported a drop in profit to Rs.25.59 crore from Rs.83.60 a year ago, a 69 per cent drop. The company’s net sales fell from 2.8 per cent to Rs.842.62 crore. Analysts relate this to overcapacity coupled with raw material cost increases. The cost of materials escalated by 23 per cent reaching Rs.161 crore in the December quarter. The cement companies in south have been under pressure for the last 16 quarters. The Telangana issue and lack of availability of construction raw materials like sand and gravel in Tamil Nadu and Karnataka have made matters worse.

Manufacturers of South have lowered the prices by 5 per cent to Rs.290 a bag from a year ago. Most of the companies in this region are operating at 65 per cent of capacity. The sector can be rescued only if demand grows at ten per cent for the next four years so that at least 85 per cent of installed capacity is in use. Analysts predict that the growth rate will fall from six per cent to four per cent in coming year.

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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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