New Delhi, March 31, 2020 – In its humble bid to contribute to a national cause, Dalmia Bharat Group, one of India’s leading conglomerates, has committed ?25 crore to PM-Cares Fund as part of its endeavour to assist the government’s massive efforts against COVID 19.
“Both the centre and state governments have done an exceptional job to contain the outbreak of COVID in India. India’s strength is its United citizens and loving hearts. We are doing our duty by making a small contribution to PMCARES and will whole heartedly do everything to support our PM and State CM’s in their efforts to fight this virus’ said Mr Puneet Dalmia, MD, Dalmia Bharat Group.
Ration, grocery and accommodation is being provided to all the contractual labourers who were stuck due to the nation-wide lockdown and stoppage of all transportation.
Apart from this, over 100 food packets are being provided twice every day to the local Municipalities and Police to be distributed among needy and homeless near all the plant locations.
Dalmia Bharat Group has also committed the use of playgrounds, guest houses and technical centres across all plants to the local authorities for using them as facilities for tackling Covid 19 cases. The canteens of the Dalmia Bharat factories across India are also being used to prepare food for local distribution in the regions. The plant heads at various locations are also reaching out to communities on a regular basis and providing them all help including food and medicines.
In order to ensure that no employee faces any uncertainty during these times, the company has paid salary to its employees ahead of schedule while contractual workers are being given bi-monthly payments to buy essential commodities.
As it is imperative to ensure both physical and emotional wellbeing of the employees, Bhagavad Gita sessions are being held every morning for employees, giving them an opportunity to look at life holistically and remain relaxed and calm.
The company has also launched online sessions for teaching Values through Stories for Employees children teaching basic human values like truthfulness, compassion, and service.
Both these programmes have generated positive feedback from the employees.
The Dalmia Bharat Group urges its employees to continue to be vigilant and alert and remain committed to steering the nation to safety against the dreaded disease. It has also encouraged dealers and business partners to come forward and contribute generously towards this cause.
Images Source: Google
KEC International wins orders of Rs. 1,092 crores
KEC International secures orders for T&D, railways, civil and cables.
KEC International Ltd., a global infrastructure EPC major, an RPG Group Company, has secured new orders of Rs. 1,092 crores across its various businesses:
KEC has secured orders for Transmission and Distribution projects in India, Middle East and Americas.
The business has acquired an order for 2 x 25 kV Over head Electrification (OHE) & associated works for speedy upgradation in India.
KEC is also operating across various segments like Residential, Industrial and Defence in India and has gotten orders for types of cables in India and overseas.
Vimal Kejriwal, MD & CEO, KEC International Ltd. commented, “We are pleased with the new order wins secured across our business verticals. The orders in T&D have enhanced our order book in both domestic and international markets. Our Railway business has further consolidated its presence in emerging/new areas, with the order in the Semi High-Speed Rail under Mission ‘Raftaar.’ The Civil business continues to be on a high growth trajectory, with consistent order inflows across segments, especially metals & mining and realty.”
Images Source: Google Images
Nailing the mega deal
Adani Group’s takeover of Holcim’s stakes in Ambuja Cement and ACC is touted as the biggest open offer in the history of corporate India.
At the open offer price of Rs 385 per share, using a key industry valuation metric of enterprise value (EV) per tonne, standalone Ambuja Cements NSE has been valued at nearly $299 per tonne. In contrast, ACC at an open offer price of Rs 2,300 per share is valued at about $131.4 per tonne. This reflects the inherent differences in the operational efficiency and thereby performance of the respective companies.
Other leading players in the cement industry, like Ultratech, which has the largest capacity in the sector with nearly 120 million tonnes, is currently valued at the stock markets at nearly $199 per tonne. Shree Cement with a capacity of nearly 47.4 million tonnes is valued at about $223 per tonne. Enterprise value is a measure of the company’s total value, and it is calculated by adding market capitalisation of a company plus its debt and minus the cash in the books.
The standalone Ambuja Cements has one of the highest operating margins in the industry, and in FY 2022, Ambuja Cements standalone operating profit margins were nearly 23 per cent, a decline of 4.6% YoY, on sales of Rs 14,268 crore. Meanwhile, ACC’s standalone operating profit margins were at 18.4 per cent, a fall of nearly 0.9% YoY in the 12 months ended FY 2022. In the case of Ultratech, standalone operating margins were at 22.7 per cent during FY 22, a fall of nearly 4%. Shree Cement recorded a 22.2 percent margin as against 30 percent in the previous year due to surge in power and fuel costs.
It is interesting to compare today’s scenario with the one 10 years ago in September 2012 when ACC was valued at $132 per tonne, similarly, enterprise value per tonne of Grasim and UltraTech was $121 per tonne and $176 per tonne, respectively. In case of Ambuja Cements, the company’s valuation was at $171 per tonne. The 212-million-tonne cement industry then saw major deals at a valuation of as high as $235 a tonne paid by Irish firm CRH for My Home Industries in 2008. Portuguese player Cimpor paid $162 for Shree Digvijay Cement Company in 2007 while Holcim paid $200 for Ambuja Cements.
However, the deal in June 2008 when French firm Vicat paid $100 a tonne for Sagar Cements, was the lowest in the previous years of M&A activities. The story has not changed as event then as now, coal prices rocked the destinies of cement companies. The decline in coal prices from as high as $160 a tonne to as low as $70 a tonne changed fortunes even then.
Coming back to the current scenario, the key problem continues to be the rising prices of pet coke and coal doubling during the year. Cement firms reported single digit sales growth for the second consecutive quarter in January-March driven by gradual demand recovery as well as price hike even as higher costs due to rise in crude oil and coal prices impact profits and margins. Competitive prices are compelling cement makers to explore alternatives to coal.
Over the next few months, the demand for coal and pet coke is expected to slow down while the prices would continue to remain high. Although cement prices have also hiked up, the rise is not enough to make up for the fuel prices. The inability to pass on costs fully to customers remains a primary concern. Now with the RBI raising the repo rate demand is likely to continue to shy away.
Founder & Editor-in-Chief, Pratap Padode
3i EXPO & Conference gets a rousing response from the manufacturing industry; IPF presents awards to 19 SMEs from across India
3i EXPO & Conference – hosted by Industrial Products Finder (IPF) from May 20-21, 2022 in Mumbai – received an arousing response from the Indian manufacturing sectors with senior representatives from some of the leading companies like Emerson, Godrej & Boyce, Aditya Birla Group, Reliance Industries, Mitsubishi Electric, etc visiting the event.
Mr Sanjay Bhatia, Upa-Lokayukta, Government of Maharashtra, inaugurated 3i EXPO & Conference; Consul Generals of Sweden, Mauritius, South Africa, Hungary, Indonesia & Brazil participate in 3i EXPOWith 40 exhibitors and over 35 speakers in conference, 3i EXPO witnessed 1,167 visitors over the two daysSenior Representatives of leading companies like Emerson, Godrej & Boyce, Aditya Birla Group, Tata Technologies, Reliance Industries, Mitsubishi Electric, Schneider Electric, Yokogawa, Wipro PARI, Thyssenkrupp, Sanofi, Hitachi Vantara, etc visit 3i EXPOIn the presences of who’s who of the industry, Industrial Products Finder (IPF) presented the 6th IPF Industrial Excellence Awards to 19 SMEs across various industrial sectors
23 May 2022, Mumbai
3i EXPO & Conference – hosted by Industrial Products Finder (IPF) from May 20-21, 2022 in Mumbai – received an arousing response from the Indian manufacturing sectors with senior representatives from some of the leading companies like Emerson, Godrej & Boyce, Aditya Birla Group, Reliance Industries, Mitsubishi Electric, etc visiting the event. During the event, Industrial Products Finder presented the 6th IPF Industrial Excellence Awards to 19 SMEs across various industrial sectors.
The 3i EXPO (which stands for IPF for Industry 4.0 & Innovations Expo) was inaugurated by Mr Sanjay Bhatia, Upa-Lokayukta, Government of Maharashtra, in the presence of Ms Anna Lekvall, Consul General, Consulate General of Sweden; Mr Mike Pal, Trade and Commercial Attache, Consulate General of Hungary; and Mr Pratap Padode, Editor–In-Chief, Industrial Products Finder (IPF), and Managing Director, ASAPP Info Global Group (the publisher of IPF publication).
Highlighting the significance of 3i EXPO, Mr Pratap Padode, “MSME units are capable to become a critical part of the manufacturing supply chain and be globally competitive because of their diverse offering ranging from intermediate to final products. The Ministry of Heavy Industry & Public Enterprises, Government of India (GoI), has launched Smart Advanced Manufacturing and Rapid Transformation Hub (SAMARTH) Udyog Bharat 4.0 to facilitate and create an eco-system for propagation of Industry 4.0 in the Indian manufacturing sector. Now, the stage is all set for the adoption of smart manufacturing and Industry 4.0 technologies with the government actively supporting the cause. Industrial Products Finder has completed 50 years in 2022 and is proud to present its first edition of 3i EXPO in the quest to help MSMEs scale the next industrial revolution.”
Speaking at the inauguration, Chief Guest Mr Sanjay Bhatia stressed on the need for digitalisation for the industry as well as government agencies. “Introduction of digital technologies in government departments like port, town planning, railways, etc has brought in immense amount of efficiency in terms of planning and execution of projects. Adoption of modern technologies are must to raise the productivity.”
While Maharashtra Industrial Development Corporation (MIDC) was the Presenting Partner of 3i EXPO and Conference, Union Ministry of MSMEs and National Small Industries Corporation (NSIC) were the Supporting Partners of the EXPO. IFM and Robro Systems were the Associate Partners of 3i EXPO.
Various industry associations and organisations extended their wholehearted support for the event. While Automation Industry Association (AIA) was the Knowledge Partner of 3i EXPO, CareEdge and T Hub were Analytics Partner and Start Up Partner, respectively. Other associations like PPMAI (Process Plant & Machinery Association of India), ITAMMA (Indian Textile Accessories and Machinery Manufacture Association), MAIT and Association of Multi-Modal Transport Operators of India (AMTOI) also participated in the event.
Showcasing technology prowess
With 40 exhibitors displaying more than 100 innovative products for automation and modernisation of the Indian manufacturing sector, 3i EXPO witnessed 1,167 visitors over the two days.
Exhibiting companies showcased their innovative products and solutions that can help Indian manufacturing sector to gain competitiveness. Exhibitors were happy as they could showcase their latest products and technologies to visitors which included top management and senior representatives of some of the leading companies like Emerson India, Godrej & Boyce, Aditya Birla Group, Tata Technologies, Reliance Industries, Mitsubishi Electric, Schneider Electric, Yokogawa India, Wipro PARI, Thyssenkrupp, Sanofi, Hitachi Vantara, etc.
Visitors gained knowledge on the most trending technologies and engineering processes for meeting the need of automation and Industry 4.0. Exhibitors included companies from sectors such as automation & robotics, additive manufacturing (3D printing), Artificial Intelligence (AI)/Machine Learning (ML), Augmented Reality (AR)/ Virtual Reality (VR), connectivity modules, data analytics, electronics components, industrial IoT solutions, sensors, motors & drives, rapid prototyping & tooling, and vision systems, among others.
Some of the exhibitors were IFM Electronic; Robro System Pvt Ltd; Bohmen Industries; Steam Solutions; Varay Image Runners; Avcon Controls; Subtronics India; Surface Modification Technologies; etc.
Session on “Manufacturing Innovation Hub” – in partnership with T-HUB – presented a platform to the young entrepreneurs and start-ups who showcased their innovative solutions for the industry.
Discussion the future of manufacturing
During the 2-day 3i Conference, about 35 Industry Leaders deliberated on the future course of the manufacturing sector and how modern technologies can play a big role in achieving the goals of making “Make in India” scheme. Topics such as India’s journey towards Manufacturing 4.0, implementation challenges for advanced technologies and probable solutions to overcome challenges, policy supports required for making India the next manufacturing hub of the world, etc were discussed during the multiple panel discussions.
Some of the speakers who presented their views during the 3i Conference included Mr Anil Bhatia, VP and MD, India Automation Solutions, Emerson; Mr Zurvan Marolia, Senior VP, Godrej & Boyce; Mr N C Chakrabarti, VP & Head – Smart Manufacturing, Reliance Industries; Mr Sunil Mehta, GM – e-F@ctory Strategic Planning, Mitsubishi Electric; Mr Vivek Bhatia, MD, thyssenkrupp Industries India; Mr Priten Bhadrakumar Bangdiwala, Sr. VP & Head – Industry 4.0, Aditya Birla Group; Mr Sajiv Nath, Managing Director, Yokogawa; Mr Deepak Panda, Senior GM, Schneider Electric; Mr Sandeep Shukla, Regional COE Head – Digital Manufacturing, Tata Technologies; Mr Sanjeev Dharwadkar, Sr. Director – Manufacturing, Sanofi India, Mr Nandakumar K, CMD, Chemtrols Industries; Mr Rajeev Solanki, DGM – Manufacturing Technology & Process Development, Schneider Electric, Mr Khushal Kalra, Head – Smart Factory, Wipro PARI; Mr Harshit Sureka, Founder & CEO, ROBRO Systems, etc.
Stating that it was important to start the investment in digital transformation, Mr Anil Bhatia, VP and MD, India Automation Solutions, Emerson, said, “You do not need huge investment for adopting digital solutions. The company can opt for solutions based on their needs and objectives. But it is imperative to embrace digital as it can take your business to the next level.”
Mr Zurvan Marolia, Senior VP, Godrej & Boyce, emphasised on the need for the industry (especially the MSMEs) to take baby steps while adopting automation to deliver better results. “Automation is a double-edged sword. If done properly, it will give you rich dividends. If not, it can give you a cut. Each enterprise automation is need is unique. So, choose automation appropriately to achieve the desired objective.”
IPF Awards: Rewarding the performers
On the second day of 3i EXPO and Conference, the 6th IPF Industrial Excellence Awards were presented in categories like Fastest Growing Manufacturing Companies; Product Excellence; and Entrepreneur of the Year (Male & Female).
For “Fastest Growing Companies” Awards – given to listed companies based on their growth performance of sales and profits – are presented in 3 categories of Small (for companies having revenues of upto Rs 100 crore or below), Medium (Rs 100 crore to Rs 250 crore), and Large (Rs 250 crore to Rs 500 crore). The winners of “Products Excellence Awards” were selected after evaluating the products on parameters like novelty, green or sustainability, USPs, etc.
In the presences of who’s who of the industry, IPF Industrial Excellence Awards 2022 were presented to 19 SMEs across various industrial sectors.
Next: A grandeur show in 2023
The first edition of 3i EXPO & Conference was launched with an aim to provide a collaborative platform to accelerate adaption of modern manufacturing technologies for companies to gain competitive edge globally. With the maiden edition receiving good response from the participants, the scale and scope of the next edition of 3i EXPO & Conference will be grandeur. See you next year.
List of winners of the 6th IPF Industrial Excellence Awards
IPF Female Entrepreneur of Year: Dr Dnyanada Bandodkar, Director, Hindustan Monomers Pvt Ltd
IPF Male Entrepreneur of Year: Shreekant Patil, Founder, Paramount Enterprises
Winners of IPF Product Excellence Awards 2022
|Building & Construction Material||JSW Steel Coated Products Ltd for its High Tensile GP for torque tube used in mounting of Solar panels|
|Machine Tools||Maharashtra Engineers for its 7 Axis 2 Spindle CNC Horizontal Machining Center (HMC)|
|MRO & Consumables||Hindustan Monomers Pvt Ltd for its patented product – 2,4’ – dihydroxydiphenyl sulfone (24BPS)|
|MRO & Consumables||Minimac Systems Pvt Ltd for its special Coalescer purifiers used for lubricating oil and transformer oils|
|MRO & Consumables||PGE Industries Pvt Ltd for its unique Fluid Sealing Solution that can handle both dangerous acids and gases effectively|
|Testing & Measuring Instruments||Subtronics (India) Pvt Ltd for its breath alcohol analyser Alco-Booth Pro (for Truck Management Software use)|
Winners of IPF Fastest Growing Companies Awards 2022
|Agri & Food Processing (Small)||Alfavision Overseas India Ltd|
|Auto Ancillary (Small)||IST Ltd|
|Auto Ancillary (Medium)||Hindustan Composites Ltd|
|Engineering (Large)||Pix Transmissions Ltd|
|Engineering (Small)||Thejo Engineering Ltd|
|Fertiliser and Chemical (Large)||Aries Agro Ltd|
|Pharma (Large)||Kwality Pharmaceuticals Ltd|
|Pharma (Medium)||Syncom Formulations India Ltd|
|Plastic, Paper and Packaging (Large)||Mold-Tek Packaging Ltd|
|Plastic, Paper and Packaging (Medium)||Hindustan Adhesives Ltd|
|Steel and Non-Ferrous Metals (Small)||Raghav Productivity Enhancers Ltd|
About Industrial Products Finder (IPF):
Industrial Products Finder (IPF), launched in 1972, is today one of the oldest and most trusted brands in the industrial publication space in the country. It is one-stop-shop solution provider for all the sourcing/procurement needs of the Indian manufacturing sector. Published by Asapp Info Global Group, IPF offers a comprehensive coverage on industrial & engineering products services and provides manufacturers a dual forum (print and online) to display their all latest, innovative solutions. IPF is the country’s true pan-India publication with presence in all major cities like Mumbai, Delhi, Kolkata, Bangalore, Chennai, Coimbatore, Ahmedabad, etc.
Every month IPF reaches more than 100,000 readers through its magazine and website which offers an assortment of news, views/interviews, technical articles, product information, etc. IPF is widely circulated to manufacturing sectors including automobile and auto components, electrical & electronics, machine tools, hydraulics & pneumatics, printing & packaging, plastic processing, chemical & pharmaceuticals, mining & steel, FMCG, and general engineering industries. The magazine reaches out to various government institutions for their sourcing requirements including Defense, Railways, Science & Technology, and Research & Development.