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The client confidence we enjoy is enviable for this industry.

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Ashok Malik

Managing Director, Indiana Conveyors

For over two decades now, Indiana Conveyors has been manufacturing bulk material handling equipment and systems. Today, Indiana is well known as a single source for complete bulk material handling equipment and systems. Ashok Malik, Managing Director, Indiana Conveyors, tells ICR what makes Indiana a favourite pick for its customers. Excerpts from the interview.

What is the product range offered by Indiana Conveyors for the cement market? Indiana Conveyors undertakes turnkey bulk material handling projects in various sectors including cement industry. We are engaged in design, manufacture, supply, installation and commissioning of various types of conveyors, primarily belt conveyors, screw conveyors, chain conveyors and bucket elevators. Besides these, we also include equipment like crushers, screens, weigh feeders, dust control systems and associated equipment to provide a total solution on turnkey basis. Indiana has also been very active in supplying crucial components like idlers and pulleys for conveyors both for replacement as well as new projects. We can integrate many other items such as weighing, flow aid devices, packing systems etc so that client can have a fully integrated system from a single source.

What sets Indiana Conveyors apart from the rest?

As with all products, the competition in this field is intense but what differentiates us is the overall satisfaction that our clients get, working with us. Not just the quality of our products and systems, but the total experience starting with our understanding of the client´s needs and offering the most cost effective solution to them, the quality of engineering followed by in-house manufacture of critical components. Our bought out items are sourced from the best, companies that we have been working with since many years. So we get the best deals and the benefits get transferred to our clients. Our project managers are always available to provide the latest updates and quick answers to any client queries. Our construction and erection site management is very proactive and we engage resourceful contractors to meet quality and schedule needs. Indiana is proud of having completed each and every project it was awarded and unfortunately, this is not something that you can say about many companies today.

Indiana is one of the leading companies in this field, having been in this business since more than four decades. Over the years, we have built strong credentials in many industries including cement. The Indiana brand has a strong recall and most consultants and project contractors immediately link us to material handling projects. Now with the advent of new companies in this field, clients are able to see the advantages of associating with Indiana.

According to the 12th Five- Year- Plan, the Indian cement industry will have to add another 150 MT of capacity till 2017. How do you plan to tap this opportunity?

Due to continuous improvement in systems that we implement, we are today, in a stronger position to support this industry. Over the years, we have expanded our engineering and project offices in Mumbai as also upgraded our manufacturing facilities in Jejuri, near Pune. The benefits of these added capacities on all fronts mean better pricing and shorter deliveries for projects. Indiana has increased visibility due to our direct approach and we have also been participating in pre-order budgeting exercises for our clients leading to a closer cooperation. I see that clients are more inclined to associate with us at the pre-tender stage as they are confident of our understanding of their project requirements and the pricing, thus leaving out uncertainties when the actual project takes off.

What are the challenges you foresee in the market?

Of late, slow moving projects have posed challenges. Unfortunately, due to factors beyond our control, and for reasons that exist at clients´ ends, some projects get stuck midway. Of course, we realise that many of the reasons emerge from government decisions. We keep a track of the actual movement of the project in order that we move in the same direction and in consonance with what the project needs. Besides, there are always challenges to meet the competitive price without sacrificing quality or diluting scope. Our designers are able to optimise costs due to value engineering and our project procurement department is able to meet our target prices and work within budgets. This is possible due to our all India presence giving us the advantage of being able to identify and approach the right source. Yes, margins have shrunk and we hope to recover these when the market is friendlier. We are working with most leading cement companies and equipment manufacturers and are confident of our future in this sector.

How do you assess availability of skilled technicians for your sector?

We have adequate skilled technicians in-house and normally do not depend on outside help in this category. However, with increased volumes, this could pose limitations and our plans include developing enough in-house skills by attracting more people at the shop level, creating an awareness and education programme, etc. Many of our key managers have been with us for more than a decade, some nearly three, and availability of such strong mentors is always a big advantage. In our manufacturing plant, we are able to source skilled workmen from the training institutes and put them through a structured training programme.

Is the overall equipment manufacturing industry in the cement sector still dependent on their foreign counterparts for technology development?

The Indian conveyor industry is well established with proven indigenous technology. There are few areas where Indian companies face any technological challenges, except specialised systems for long -distance conveying or enclosed conveying. Here too, the technology is there but plant owners feel comfortable with the backing of a foreign name. Many Indian companies including Indiana, have the capabilities to design and deliver such products on their own, given the vast knowledge pool and the working experience that our engineers have gained on such systems. I wish plant owners and consultants would modify their prequalification criteria to encourage more such companies to participate and I am confident they can derive benefits from such efforts. Of course, some areas like those related to large crushing plants, storage and distribution still do well with such joint venture participation by foreign technology suppliers.

Is it true that most plant and equipment failures are caused due to substandard quality of auxiliary equipments made by Indian companies?

This is a simplistic statement. Of course, there are good companies and bad ones and project owners get to work with companies they choose. Drawing a general conclusion can be very wrong. We must remember there are many small manufacturers who take chances to develop, or shall we say copy imported equipment based on a variety of inputs. They work at very low prices because that is what gets them the chance to develop the equipment in the first place. There is no institutional support to them in terms of technical scrutiny or control. But at the end of the day, their efforts do give clients equipment at low prices though not with comparable performance. On the other hand, there have been spectacular success stories of small companies who put their resources together to develop comparable products. So it is not just the end, but the process you adopt, the resources you employ and the overall management philosophy that guides such ventures.

What is the mantra behind the success of your company?

We focus on the job, and work hard to achieve our goals. Our engineers, workmen, contractors and business associates, all work with passion. The objective is to satisfy the customer, to exceed his expectations. The client confidence we enjoy is enviable for this industry.

Our designers are able to optimise

costs due to value engineering.

Concrete

Cement Makers Reaffirm Commitment to Sustainable Growth

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World Environment Day spotlight on innovation and circularity

On World Environment Day, the Indian cement industry reiterated its commitment to supporting India’s climate ambitions through sustainable manufacturing, resource efficiency and the adoption of cleaner technologies.

The Cement Manufacturers’ Association (CMA) said the sector remains aligned with the Government of India’s Net Zero commitments and is accelerating efforts to reduce its environmental footprint while supporting the country’s infrastructure and development agenda.

Parth Jindal, President, CMA and Managing Director, JSW Cement, said the industry is increasingly adopting cleaner technologies, improving energy efficiency and expanding the use of alternative fuels and raw materials. He also highlighted the growing importance of circular economy practices, where industrial by-products and waste streams from one sector are utilised as resources in another.

“The Indian Cement Industry is aligned to the Government’s commitments on carbon mitigation and is accelerating the adoption of cleaner technologies, resource efficiency and circular economy practices while actively exploring the potential of Carbon Capture, Utilisation and Storage (CCUS) as a critical pathway for deep decarbonisation,” said Jindal.

He added that coprocessing industrial waste and by-products helps conserve natural resources, reduce disposal requirements and lower the environmental footprint across multiple sectors.

According to Jindal, sustainability is no longer limited to manufacturing processes but is increasingly influencing investment decisions, innovation strategies and long-term growth plans within the industry.

Echoing similar views, Dr Raghavpat Singhania, Vice President, CMA and Managing Director, JK Cement, said sustainable development extends beyond emissions reduction and must also focus on responsible resource utilisation and waste minimisation.

“Sustainability in the built environment cannot be measured by emissions alone. It is equally about how efficiently we use resources, how effectively we minimise waste and how responsibly we create the infrastructure that will serve future generations,” said Singhania.

He noted that the cement industry is advancing its sustainability agenda through greater resource efficiency, increased circularity, technological innovation and continuous improvements in manufacturing practices. As a key contributor to India’s infrastructure development, the sector has a critical role to play in balancing economic growth with environmental responsibility.

On the occasion of World Environment Day, industry leaders reaffirmed their commitment to supporting India’s climate goals while delivering the materials required for resilient, durable and sustainable infrastructure.

 

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Concrete

Building a Greener Future Together

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Environmental sustainability requires immediate action, not just long-term commitments and discussions. Recycling, circular economy practices, and technology-driven waste management can help industries reduce environmental impact while supporting sustainable growth.

Author: Jignesh Kundaria, Director and CEO, Fornnax Technology

World Environment Day serves as an important reminder that environmental sustainability can no longer remain confined to discussions, reports, or long-term commitments. The environmental challenges facing the world today demand immediate, measurable, and collective action. Across industries and communities, waste generation continues to outpace our ability to process it responsibly, placing increasing pressure on ecosystems, natural resources, public health, and the well-being of future generations.

One of the most significant shifts required today is a change in how society perceives waste. Rather than being viewed as a material to be discarded, waste must be recognised as a valuable resource that can contribute to both economic growth and environmental protection when managed through the right technologies and systems. This mindset forms the foundation of the circular economy model that countries across the world are increasingly adopting to reduce landfill dependence, recover valuable materials, and create more sustainable industrial ecosystems.

India has made meaningful progress in strengthening awareness around sustainability, recycling, and environmental responsibility over the past decade. Significant efforts are being made to formalise the recycling sector through improved infrastructure, technology adoption, policy implementation, and broader stakeholder participation. These developments are creating a stronger foundation for responsible waste management and resource recovery across the country.

However, achieving long-term environmental impact requires collaboration from all stakeholders. Industries, policymakers, technology providers, and communities must work together with greater accountability to strengthen recycling ecosystems, encourage responsible waste management practices, and create sustainable outcomes through consistent execution rather than temporary interventions.

As someone closely associated with the recycling industry, I firmly believe that technology will play a decisive role in addressing future environmental challenges. Advanced recycling systems have the potential to recover valuable resources, reduce pollution, minimise landfill burdens, and conserve energy, creating a more sustainable future for generations to come. This belief is deeply reflected in Fornnax’s motto, “Committed to Create a Green Future,” which embodies our commitment to building long-term environmental value through innovation and responsible action.

At the same time, technology alone cannot deliver meaningful change. Real progress requires intent, awareness, participation, and a shared sense of responsibility. Sustainable development can only be achieved when innovation is supported by collective action and a genuine commitment to environmental stewardship.

On this World Environment Day, let us move beyond conversations and take meaningful steps towards creating a cleaner, greener, and more sustainable planet. By embracing innovation, strengthening recycling ecosystems, and acting responsibly today, we can create lasting environmental impact and secure a better future for generations to come.

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Concrete

Dalmia Bharat Acquires Jaiprakash Associates Cement Assets for ₹2,850 Crore

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Dalmia Cement executed a Business Transfer Agreement with Jaiprakash Associates and Adani Infra, to acquire 5.2 MnTPA of cement capacity across Madhya Pradesh and Uttar Pradesh.

Dalmia Cement (Bharat) announced on May 22, 2026 that it had signed a Business Transfer Agreement with Jaiprakash Associates Limited and Adani Infra (India) Limited for the acquisition of cement plants located at Rewa in Madhya Pradesh and Churk, Chunar and Sadwa in Uttar Pradesh. The deal was struck at an enterprise value of ₹2,850 crore and is expected to close within two weeks of execution.

The acquired assets from Jaiprakash Associates include 5.2 MnTPA of cement capacity and 3.3 MnTPA of clinker capacity. The package also covers 99 MW of thermal power capacity and railway sidings at Rewa, Chunar, and a common siding at Churk. This infrastructure gives the acquisition immediate operational utility beyond just production tonnage.

The transaction has a long backstory. Dalmia Cement had originally entered into a framework agreement with Jaiprakash Associates in December 2022, covering the sale of these business assets along with a long-term clinker supply arrangement. However, before the deal could be completed, Jaiprakash Associates was admitted to insolvency proceedings under the Insolvency and Bankruptcy Code. The earlier agreements could not be consummated as a result.

In an official statement, Puneet Dalmia, Managing Director & CEO, Dalmia Bharat, said, “I am very excited about addition of these assets in our portfolio. This serves as a great strategic fit for Dalmia. It helps us move forward in our journey to be a pan India player and provide a strong head start to serve the high potential markets in Central region. I am optimistic that the expansion potential of these assets along with close proximity with Dalmia’s captive mines will help us create a capacity hub for the future”.

Following the approval of Adani Group’s resolution plan for Jaiprakash Associates under the IBC framework, Dalmia approached the new management to revive discussions. The fresh Business Transfer Agreement was executed to settle all pending disputes, legal proceedings, and arbitration matters arising from the original framework agreement with Jaiprakash Associates.

Expanding market reach

Dalmia added, “Our familiarity with these assets under the earlier tolling arrangement gives us a deep understanding of the facilities and helps us establish strong connect with channel partners and vendors. We believe that this will help us in faster ramp up of capacities and quicker inroads into the market. As we look forward, I am very confident that we will be able to leverage the strengths of Dalmia to operate these assets in a manner where we can maximise value creation for all our stakeholders.”

With the addition of these plants, Dalmia Bharat’s total installed cement capacity will rise to 54.7 MnTPA upon consummation. The company has further expansion projects underway at Belgaum, Pune, and Kadapa, which are expected to take overall capacity to 66.7 MnTPA by Q2 to Q3 FY28.

The Central India location of the Jaiprakash Associates plants gives Dalmia Bharat faster access to markets in Madhya Pradesh and Uttar Pradesh than a greenfield build would have allowed. The company also cited debottlenecking and brownfield expansion as near-term opportunities at the acquired sites. Dalmia Bharat said the assets were expected to contribute positively to EBITDA and overall returns, given the pricing environment in the region and the company’s cost structure.

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