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UFlex is the ‘first company in the world to recycle mix plastic waste.’

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India Cement Review took an exclusive interview with Shashi Garg, Business Head, Cement Packaging business at Uflex Ltd. about the entire Cement packaging scenario, the ??ain points??that generally intrigue manufacturers, and their ground-breaking solutions.

What is the best advantage of Uflex packaging to Cement customers?

Owing to the full backward integration into films (BOPP, Metalized and others), Chemicals (Inks, Coatings, Adhesives), Engineering (Converting & Packing Equipments), Holography (Films, Labels) and Cylinders (Electronic, Laser and even base-shell manufacturing), UFlex has an exclusive advantage to deliver customized solutions to customers. We provide end-to-end packaging support to our customers starting from design to delivery.

Uflex BOPP film, unlike other packaging films, is an innovation in itself. With their diverse and enormous features like transparent & matte, heat-sealable and non-sealable, direct embossible, superior ink adhesion, anti-skid, high barrier, cold release or direct extrusion coatable films, Uflex is able to make revolutionary BOPP bags.

Explain the role played by packaging of a product in brand building. How you have beenhelping the consumer industry in building a brand through packaging?

The primary objective of Uflex is to deliver our customers with a unique packaging experience. I think, that is only possible when they are able to observe and analyse themselves what difference packaging can bring them, in terms of market positioning, and product pricing. Packaging is one of the primary mediums in which suppliers communicate with their end consumers. In the Indian mind-set, an attractive packaging always influences the buyer decision. We always design our packaging keeping this in mind, and ensure that the dimensions have the largest branding exposure. With our high-end technologies, we are able to create a virtual reality in form of packaging bags, and we always encourage our customers, to take the most added benefits out of our technology and services. Our packaging is the face of any product.

Give us a brief idea about your association with cement industry. With what products you started and what are new products added in your bouquet?

Uflex began its venture into the Cement industry around seven years back with our fresh and new-born BOPP bags. We were the pioneers in BOPP and the journey has not been very smooth. The market was different then. Customers were limated to using the common and inferior PP sacks. Branding in cement bags was not commonly accepted. It took us quite some time to educate customers about the unchallenged benefits of BOPP bags, and the need for branding on packaging. However, in only a couple of years, our bags were a great success and were loved by our customers across the nation. We started with standard BOPP bags, and presently, our bags are available in glossy and matte variants, they are UV- protected, have a high co-efficient of friction for easy stacking, and our most recent launch have been the shower-proof bags to save any of our customer?? losses due to unwanted weather conditions.

Provide us some information on these Shower Proof bags. Are you in a position to supply this product? What is the advantage of using Showerproof bags?

Moisture ingression and product wastage has been a long-discussed concern with our customers that involved saving the products from random showers, and also moisture seepage at coastal regions. Products with comparatively slower consumption, stacked at the bottom rows are generally damaged at depot locations leading to entire product loss. Also the supply chain of Cement and Construction industry is exposed to severe mishandling concerns including uncontrolled exposure to weather conditions. Keeping this in mind, we designed very special shower proof bags which can be converted to complete airtight and moisture proof bags by debarring any chance of external air and moisture seepage into the bags. The bags are allowed with limited passage to release the air captured in the bags at the time of filling.

What is Uflex doing to handle the sustainability concerns of customers? Are your products eco-friendly?

UFlex believes in Environmental Sustainability and has taken several key initiatives in India towards reducing Carbon Foot Print and Improving Productivity. UFlex has constantly invested in newer technologies which consume less energy per Ton of Flexible Packaging. All in-house wastages are recycled and ploughed back in to the life cycle to reduce pressure on landfills thereby arresting pollution.

Our six prolonged sustainability initiative focuses on :

  • Lowering Carbon Footprint

  • Using Renewable Resources in Manufacturing

  • Recycling Wastages

  • Energy Efficient Production Technologies

  • Reducing Plastic consumption

  • Encouraging Green Polymers

What is Project Plastic Fix ?

UFlex Group has been a trendsetter when it comes to sustainable innovation and commitment towards the ??ircular Economy?? It was the ??irst company in the world to recycle mix plastic waste??for which it earned recognition at Davos Recycle Forum in 1995, way ahead of other companies from developed economies.

Our Project Plastic Fix is a mix of four innovative ways to create wealth from plastic waste:

Pyrolysis, Recycling, Biomass & Asclepius.

Recycling of plastic is the need of the hour. UFlex, India?? largest flexible packaging company recognized the need to recycle plastic waste more than two decades back and established recycling units in its plants that convert MLP Waste into Pellets. An added feature of the recycled material (pellets) is that it is re-used to manufacture industrial and household products like roads, outdoor furniture, paver tiles, ladders and many more such essential

items. Thus, UFlex is helping create a circular plastic economy by keeping plastic 'In the Economy' and 'Out of the Environment'.

Our Pyrolysis plant has also been setup at Noida, which is an upcoming resource recovery process that converts waste into energy helping environment clear the plastic waste. At its Noida Packaging plant, UFlex will be converting 6 tonnes of discarded waste material that??

generated every day from printing, unused trim, laminates, tubes and other unprocessed material into Liquid Fuel, Hydrocarbon Gas and Carbon Black.

Shashi Garg is a Chartered Accountant having 38 years of wide experience in Finance, Production and Marketing. He looks after overall packaging production, sales & marketing as Business Head of the Cement Packaging Division.

About UFlex: It is India?? largest flexible packaging company with headquarters and three manufacturing facilities in Noida, the National Capital Region of Delhi, supplies to a majority of customers in India and also to multinational companies across the globe. With a strong presence in North America, Europe, Africa, Hungary, Russia, South East Asia and the Middle East, UFlex has established itself as the largest flexible packaging manufacturer and exporter. UFlex has its manufacturing capacity of over 135000 TPA with plants is located in Noida and Jammu.

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Concrete

Cement Makers’ Margins To Fall Rs 50-75 Per Tonne Amid West Asia Conflict

Crisil Sees Margins Easing Despite Steady Demand

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Crisil said operating margins of Indian cement manufacturers are expected to decline by Rs 50-75 per tonne (t) this fiscal to Rs 925-950 per t due to higher input costs triggered by the West Asia conflict. The analysis covered 18 cement companies accounting for nearly 90 per cent of India’s domestic cement capacity and noted margins had improved sharply to around Rs 1,000 per t in fiscal 2026.

Crisil noted that the reduction would be driven mainly by higher power and fuel costs, which account for about 30 per cent of total costs, as petcoke and imported coal prices have surged amid geopolitical uncertainties. Freight costs, which account for about a quarter of total costs, are also expected to remain elevated because of higher diesel prices. The impact on profitability is likely to be more pronounced in the first half of the fiscal year before easing commodity prices moderate cost pressures later.

The rating agency said steady domestic demand and strong balance sheets should keep credit profiles stable despite the moderation in margins. Green energy currently accounts for 35-40 per cent of the sector’s total electricity consumption and is expected to partly cushion higher energy costs. Operating cash flows are likely to remain resilient, supported by projected 6-7 per cent growth in cement demand this fiscal.

Crisil highlighted that demand growth will be driven primarily by infrastructure spending, which meets about one-third of sector consumption, and by a nearly 18 per cent higher budgetary allocation for core ministries that should support project execution. Weaker rural housing demand amid pressure on agricultural incomes from a possible below-average monsoon may be offset by improved urban housing demand supported by favourable home-loan rates and a strong pipeline of Pradhan Mantri Awas Yojana-Urban projects. Ongoing capacity additions will keep capital expenditure elevated and may lift net debt to EBITDA to between 1.2 and 1.4 times from around 1.0 time last fiscal, though ratios are expected to remain healthy.

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UltraTech Board Approves Rs 50 bn Fundraise Via NCDs

Company to issue half a million debentures for expansion plan

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UltraTech Cement’s board of directors has approved raising Rs 5,000 crore (Rs 50 bn) through non?convertible debentures issued in rupees.

The finance committee cleared a proposal to issue up to 500,000 fully paid, unsecured, listed, rated, redeemable, rupee?denominated, non?convertible, non?cumulative debentures of Rs 1 lakh each (Rs 0.1 mn each), aggregating to the Rs 5,000 crore programme.

As of June 2026 the firm reported net debt of Rs 15,875 crore (Rs 158.75 bn) and said its capacity expansion projects under execution are backed by capital expenditure of about Rs 17,000 crore (Rs 170 bn) over the next two to two?and?a?half years.

UltraTech spent Rs 9,500 crore (Rs 95 bn) on capital expenditure in financial year 2026 and in April the group crossed 200.1 mn tonnes per annum of domestic grey cement capacity and 205.5 mn tonnes per annum of global capacity.

The chief financial officer indicated the company would take consolidated capacity beyond 242 mn tonnes per annum, with grey cement capacity reaching 212.7 mn tonnes per annum by the end of financial year 2027. He noted the net debt?to?earnings before interest, taxes, depreciation and amortisation ratio stood at 0.87 times as of June 2026 and the company was confident of ending financial year 2027 with the ratio below one time.

In the first quarter of financial year 2026?27 UltraTech’s net profit attributable to owners rose 16.8 per cent year?on?year to Rs 2,599.3 crore (Rs 25.993 bn) and revenue from operations increased 15.9 per cent to Rs 24,648.20 crore (Rs 246.482 bn). The board approval is expected to complement internal cash flows as the company advances its expansion programme.

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Concrete

Lokesh Lays Stone For Rs 31 Billion Cement Unit In Kadapa

Line-2 expansion to make Kadapa a major cement hub

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Andhra Pradesh Education and IT Minister Nara Lokesh on Wednesday laid the foundation stone for the Line-2 expansion of Dalmia Bharat Cement at Chinnakomerla village in Mylavaram Mandal in Kadapa district. The project carries an investment of Rs 31 billion (bn) and is slated for completion by the third quarter of the financial year 2028. The expansion is intended to boost industrial growth and employment generation across the Rayalaseema region.

Once commissioned, the Kadapa facility will become Dalmia Bharat’s largest integrated cement manufacturing ecosystem in southern India, creating over 1,000 direct and indirect jobs and opening new business avenues for regional micro, small and medium enterprises and transport operators. Lokesh said the expansion signalled growing corporate confidence in the state and reflected the practical ease of doing business that secured repeat investment.

He placed the project within the government’s wider economic targets and recalled the Yuvagalam padayatra commitment to generate two million (mn) jobs within five years, noting that the state would cultivate talent while industry created opportunities. Lokesh highlighted Andhra Pradesh’s competitive pursuit of major manufacturing accounts, mentioning past successes and a personal initiative to engage global investors when persuading them to anchor expansion in the state.

The plant will leverage Kadapa’s abundant limestone reserves to scale production and sustainability. Clinker capacity is planned to rise from two point five million tonnes per annum (mn tpa) to six point one mn tpa, while overall cement output will increase from three point six mn tpa to nine point six mn tpa. The unit is designed to operate on over eighty per cent renewable energy and deploy waste heat recovery, zero liquid discharge, water recycling and advanced AI systems to optimise efficiency. Industries Minister TG Bharat, BC Welfare Minister S. Savitha and Jammalamadugu MLA C. Adinarayana Reddy attended the ceremony.

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