Concrete
Increasing productivity
Published
5 years agoon
By
admin
UCWL’s trials and use of grinding aids have been focused on towards increasing strength and output.
UCWL’s trials and use of grinding aids have been focused on towards increasing strength and output. The company believes that cement companies embracing the power of analytics and Industry 4.0 will earn a competitive advantage and build resilience.
Cement is the key material that is institutional to any future vision for growth and development of a nation. Being the second largest cement industry in the world, Indian cement industry stands at around total installed capacity of around 550 million tonne. It is one of the eight core manufacturing sectors that are considered by government for analysis of the Index of Industrial Production (IIP) of the country.
As India has a good quantity and quality of limestone deposits throughout the country, it provides for huge potential of growth in the cement industry w.r.t the growing demand in building infrastructure of the country. It is one of the most energy efficient industry around the world. According to National Council for Cement and Building Materials (NCBM), about 99 percent of capacity in the industry in India, based on latest dry technology and has state of art grinding systems installed with higher capacities and efficiency.
By the start of third quarter – FY 2022, as the Nation reached the 100 billion mark of vaccination coverage across the country, more confidence has been observed in the market w.r.t the demand of cement. Earlier, upon re-opening of markets, demand was mostly driven by state government projects in areas such as schools, roads and affordable housing and tier 1 and tier 2 cities. Now with the restart of infrastructure projects this growing consumption of cement can led to the pent-up demand translating into higher utilisations of capacities.
However, the only major issue at present is trend of rising prices of fuel since last two quarters, that have translated into serious concern for the cement manufacturers. The fuel related concern that has arisen out of multiple issue factoring in like, rising prices of crude oil in the international markets, non-timely payments in the supply chain systems that includes state governments, discoms and power generators, etc. This has a direct impact on the operating leverages of the energy intensive industries, resulting in increase in production cost of cement that is yet could not be successfully transferred to the consumer. Some other impacts of the rising fuel scenario include-factors like, increase in freight charges and cost of electricity.
At Udaipur Cement Works (UCWL), we have been exploring options through optimising process to maximum possible levels. In addition to conventional methodology of improving operational efficiencies we are also working on other key levers of cost like logistics and especially inventory management systems such as – just in time (JIT) along with material requirement planning and day sale inventory, etc. that allows company to save significant amounts of money and reduce wastage by keeping only the inventory they need to produce and sell products. This approach reduces storage and insurance costs, as well as the cost of liquidating or discarding excess inventory, however the system comes with a risk.
Cement Grinding
Operational Understanding
Cement grinding is the second to last major stage in the process of cement manufacturing, where the feed materials are reduced in size from several centimetres in diameter, down to less than 100 microns. This is accomplished by grinding, with the use of milling machines and equipment setup, such as ball mills, vertical roller mills, roller press mills, etc. The present system of cement grinding has become quite efficient, especially in terms of energy consumed and productivity. The energy, consumption per ton of cement product grinding is based on various factors, such as –
- Type of grinding technology installed (ball mill, roller mill or roller press, etc.),
- Process control parameters like Filling of ball mill chambers, piece weights for VRPM and roller press, mill inlet draft, energy consumption by separator fans, separator efficiency, bag filter energy consumption, etc.
- Quality of material feed- chemical composition of clinker, hardness of clinker, fineness of blended materials, moisture content in the material, etc.
We at UCWL have focused diligently on our cement grinding process, with specific optimisation of process parameters along with energy consumption. Our specific energy consumption w.r.t cement grinding for blended cement stands better than the industry average.
Economic Understanding
Large integrated cement plants are established near the limestone reserves, which is the key raw material. But these reserves are localised to certain regions across the country’s geographical area. Hence in view of tapping on the demand of cement in different locations other than the cement manufacturing clusters, the concept of standalone grinding came into existence. Cement griding being independent of the clinker manufacturing process, provides flexibility of setting up grinding units anywhere, subject to the overall cost benefit analysis. The only dependency it has is in terms of major raw material i.e. clinker., which is met through supplying clinker from integrated unit via rail or road. So, most of the grinding units are strategically set up near a major cement consumption centre to capture the market demand, factoring in the basic key aspects like-
- Maximum market coverage.
- Quick and fast absorption of demand.
- Reasonable vicinity to source of blending materials like fly ash, slag, gypsum, etc.
- Increasing footprint of the company.
Drivers of cement grinding process
Grinding Technology
At UCWL, we understand the crucial science behind quality cement and concrete. The most important properties of cement, such as strength and workability, are affected by its specific surface fineness and particle-size distribution. These can be modified to some extent by the equipment used in the grinding circuit, particularly type of separator. including its configuration and control.
Considering grinding technology, at present there are various technologies available. The most common and widely used is Ball mill. Ball mills were first introduced way back in the1860’s, the main progress was made during the 1870’s to 1900’s in Europe (Germany), where the growing cement manufacturing and other industries demanded for finer grinding equipment and machines. Present Ball mill is a horizontal cylinder that’s partially filled with high-chrome steel balls (generally called grinding media) of suitable dimensions that rotates on its axis imparting a tumbling and cascading action to the grinding media. Material is fed through the mill inlet and initially crushed by impact forces and then ground finer by attrition (chipping and abrasion) forces between the balls.
Another efficient technology based on size reduction of many particles by compression of the particle bed using high pressure grinding rollers, were introduced in late 1970s and early 1980’s. Being implemented as pre-crusher and installed with ball mill close circuit and high efficiency separators made them high output and low energy consuming setup.
In addition to the ball mills and roller mills, another basic grinding method is use of high-pressure grinding rolls (HPGR). The material between the rolls is submitted to a very high pressure ranging from 100 to 200 MPa, griding the material by developing cracks. The comminution efficiency of a HPGR is considered better than ball mills such that it consumes only 30–50 percent of the specific energy as compared to a ball mill and is generally used as pre-grinder mill with ball mill closed circuit.
Grinding aids
The most significant development for the cement industry in view of grinding, started way back in year 1931, when an attempt was made in United States to mix carbon black in concrete to make a darker middle lane on US route 1, in Avon for passing*.
Since then, there have been various studies that has led to successful implementation of Grinding additives in the cement grinding for different purposes, such as- optimising and increasing productivity through mills, increasing strength of cement product, etc. The working of grinding aids includes principles such as- preventing agglomeration of cement particles caused by development of electrostatic charge, increasing reactivity through formation of complex, reducing surface energy of clinker, etc.
Grinding aids are common cement additives. They generally consist of several different types of compounds such as glycols, alkanolamines, or phenolic compounds. They are fed into the grinding mill mostly along with the material feed. Based on its type they are both solid and liquid in nature. In cement Industry they are mostly liquid and sprayed or poured over the feeding belt of grinding mills for better effectiveness.
At UCWL, being committed to our agenda of continual improvement and delivering research based superior quality product to our customers, we have been continuously conducting trials with multiple grinding aids. The methodology of adding grinding aids in grinding mills starts with defined objective and planned route of action, such as:
Step -1 Identifying objective for use of griding aid
Step -2 Lab based trials of Grinding aids
Step -3 Operational grinding mill trials of grinding aids
Steps-4 Cost based analysis in view of realisation of objective
Step-5 Continuation or Discontinuation of the griding additive under trial
UCWL’s trials and use of grinding aids have been focused on towards increasing strength and output. For which we conducted multiple trials as per our defined methodology. Details of some of the recent major trails conducted are given in the table below:


Mpa- Megapascal
The basic key parameters that were analysed as per the set objective were – One day strength, effect on IST/FST and workability, etc.
It is hence concluded by the trials that different types of grinding aids behave differently in each set of provided conditions, that includes the process parameters and most importantly the chemical and physical quality the raw materials fed. To our defined objective of increasing strength, certain grinding additives proved to be efficient. And however, some gave surprisingly opposite results of what was expected.
Indian cement industry has been using the grinding aids for different purposes over last many years. The aid not only helps to achieve the desired objectives but also leads to increase productivity, reducing energy consumption in grinding, lower maintenance of machines and equipment in the grinding circuit, etc.
Role of Analytics and AI/ML (Artificial Intelligence/Machine Learning)
Technology embedded in ESG (environment, social and governance) related aspect for cement sector is the key to future of manufacturing, especially cement grinding. Cement grinding is the most sought section by the analytical agencies after the clinkerisation process in cement industry that allow better control and optimisation for gaining maximum efficiency.
Clinker grinding includes large share of the electrical energy consumed in a plant; hence the efficiency of grinding operations has a big influence on overall energy as well as product costs. Advanced process controls, fuelled with AI/ML powered by analytics and supported by grinding aids can optimise the grinding circuit to increase throughput and secure consistent output quality, while also lowering energy consumption.
Cement companies embracing the power of Analytics and the world of Industry 4.0, will no doubt earn a competitive advantage and build resilience.
Aspects such as deeper analysis of feeding rate w.r.t the quality of feed to grinding mill that in turn synchronised with further grinding circuit such as operation of bag house, classifier reject, regulating dosage of grinding aids, etc. need to be undertaken for improving system efficiencies. Advanced mathematical modelling based on AI/ML shall be incorporated to achieve the best results out of the established milling circuit.
With the optimistic projections of increasing demand in future, the cement sector eyes for a growth on sustainable fronts, maintaining its status as one of the most energy and resource efficient industry in its sector around the world using various measures including use of grinding aids.
ABOUT THE AUTHORS:
Naveen K. Sharma (Whole-time Director), Tushar Khandhadia (GM Production), Jitesh Singh Darmwal (Manager Sustainability), Manish Samdani (Asst. Manager-QC) from Udaipur Cement Works.
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Concrete
Akhoya Gets New 2.2 Km Road Link Under SASCI
Two cement concrete roads opened at Rs 29.1 million (mn) cost
Published
2 days agoon
July 3, 2026By
admin
Two cement concrete pavement roads covering a total stretch of 2.2 km in Akhoya village were inaugurated on 27th June 2026 by MLA Nuklutoshi Longkumer, who attended as the special guest. The project comprises the one km L Pangersowa Road and the one point two km Longchara Junction to RC Chiten Jamir Memorial Government High School road. A formal programme followed the inauguration at the school auditorium.
A technical report was presented by Er Waloniba of the Urban Engineering Wing-III, Kohima, which stated the project was sanctioned in March 2026 under the Special Assistance to States for Capital Investment scheme for 2025-26 at a sanctioned cost of Rs 29.1 million (mn). The work order was issued to M/s Ensign Construction on thirtieth April 2026 with a stipulated completion period of 12 months. Work commenced on fourth May 2026 and was completed on sixth June 2026, with the contractor and team finishing the tasks in around two months. The project included a single-lane cement concrete pavement with side drains, two slab culverts and breast walls at required locations.
Longkumer acknowledged the Chief Minister, the advisor for urban development, contractors and other stakeholders for the allocation and support, and he commended the contractor for early completion. He noted that cooperation from landowners and the community had been important in resolving land related issues that can otherwise delay developmental works. He emphasised that planned developmental activities carried out with collective effort would enable more projects to be implemented successfully.
The headmaster of RC Chiten Jamir Memorial Government High School, I Chubasenba Longkumer, outlined the school background, noting it was established in 1962, was earlier known as Government High School Changtongya and was renamed in 2014. Local representatives said the improved approach roads would ease access for students, staff, patients and the general public and fulfil a long standing aspiration of residents. A dedicatory prayer was offered by the pastor and the programme concluded with a ribbon cutting attended by village council and town council representatives.
Indian Cement Review (ICR) and Fuller Technologies brought industry, policy and technology leaders together to discuss how cement innovation can drive green construction at scale, writes Rakesh Rao.
India is building at a pace few countries can match. Highways, airports, housing, logistics parks, industrial corridors and urban infrastructure are reshaping the country’s economic geography. But beneath this growth story lies a difficult question: can India continue to build at scale without locking itself into a high-carbon future?
That question formed the core of an online panel discussion titled “Driving Green Construction Through Cement Innovation”, organised by Indian Cement Review (ICR) in association with Fuller Technologies as the Presenting Partner on June 25, 2026. The webinar brought together experts from cement technology, R&D, global industry platforms, building performance policy and international development cooperation to examine how low-carbon cement and material innovation can accelerate India’s green construction transition.
The discussion came at a crucial time. India has committed to achieving net-zero emissions by 2070 and reducing the carbon intensity of its economy by 45 per cent by 2030. At the same time, the country’s construction sector is expanding rapidly, driven by urbanisation, infrastructure development, housing demand and industrial growth. Cement, as one of the most widely used construction materials, sits at the heart of this transition. It is indispensable to development, but also central to the challenge of reducing embodied carbon in buildings and infrastructure.
Moderated by Nitika Krishan, Senior Urban Infrastructure and Sustainable Policy Consultant, the panel featured:
- Kiranmai Sanagavarapu, Director, Low Carbon Solutions, Fuller Technologies;
- Dr Hemantkumar Aiyer, VP and Head R&D, Nuvoco Vistas Corp Ltd;
- Devika Wattal, Innovation Lead, Global Cement and Concrete Association (GCCA);
- Dr Sunita Purushottam, MD, GBPN India (Global Buildings Performance Network); and
- Vaibhav Rathi, Senior Technical Advisor, GIZ (the German Agency for International Cooperation)
Setting the tone for the discussion, Nitika Krishan underlined the scale of the challenge before the sector. “The question before us is no longer whether we build, but how we build sustainably,” she said. She pointed out that construction accounts for nearly 40 per cent of global energy-related carbon emissions when both operational and embodied carbon are considered. Cement production, she added, remains one of the hardest industrial processes to decarbonise.
For India, this is not merely an environmental issue. It is a development issue, a competitiveness issue and increasingly, a market issue. As one of the world’s largest cement producers and among the fastest-growing construction markets, India’s material choices will influence the carbon trajectory of its built environment for decades. As Krishan observed, sustainability solutions in economies such as India must not remain limited to laboratory success. They must be scalable, commercially viable and practical at national level.
The innovation gap: From technology to market
Experts believe that there is a need to bridge the innovation gaps for making decarbonisation in cement and concrete scalable. Devika Wattal of GCCA, explained, “The starting point must be the core cement manufacturing process itself. The first and foremost is the heart of our process, the heart of cement manufacturing. How do we reduce clinker? That is always a topic where industry is working very intrinsically.”
Clinker reduction remains one of the most important pathways for lowering emissions in cement. Since clinker production is energy-intensive and chemically emits carbon dioxide, reducing the clinker factor through supplementary cementitious materials (SCMs), blended cements and new chemistries can have a significant impact. Wattal also noted that carbon capture, utilisation and storage (CCUS) will have a role, though it may not be the first lever for all markets.
However, she stressed that innovation cannot stop at technology development. A solution that works in the lab must also be adaptable to industry, scalable in production and acceptable in construction practice. “It is important for that innovation to be adaptable, to be scalable, and so that it can be executed in real time,” she said.
Wattal also called for stronger enabling systems around innovation. These include performance-based standards, product-level embodied carbon databases and clearer frameworks for evaluating green materials. Without these, low-carbon cement products may struggle to compete with conventional materials in procurement and design.
R&D must balance carbon, cost and performance
Bringing in the R&D perspective into the discussion, Dr Hemantkumar Aiyer of Nuvoco Vistas emphasised that low-carbon cement development cannot be treated as a single-variable exercise. Cement must perform in real construction conditions. It must deliver strength, durability, consistency and cost competitiveness, while also reducing carbon.
“The root of understanding and balancing all these aspects lies in materials, and knowing the materials,” he said.
According to Dr Aiyer, R&D teams must understand the variability of raw materials such as fly ash, slag and clinker. Different sources produce different material behaviours. This makes mix optimisation, material characterisation and processing-property relationships critical. When performance is affected, cement manufacturers must understand how strength enhancers, admixtures and other performance chemicals interact with the material system.
He also linked material science with process efficiency. Clinkerisation takes place at extremely high temperatures, around 1,400 to 1,450 degrees Celsius. Any improvement in raw mix design, process control or energy optimisation can, therefore, help reduce emissions and cost. Dr Aiyer pointed to artificial intelligence-based optimisation, Cement 4.0 tools and advanced software as important enablers for real-time process and material control.
“The more you understand the materials, the more you can control it,” he said.
LC3: The promise is proven, the sequencing is not
Limestone calcined clay cement, commonly referred to as LC3, has attracted global attention because it can reduce clinker content significantly by using calcined clay and limestone while maintaining performance in many applications. Kiranmai Sanagavarapu of Fuller Technologies said the technology itself has already moved beyond proof of concept. Fuller Technologies has worked with calcined clay technology for nearly two decades and has seen plants running in France and Ghana. These plants, she said, are meeting local and national specifications, while the economics are beginning to make sense.
“The calciner is performing, the economics is stacking up, it is making business sense to produce,” she said.
But if the technology is viable, why has adoption not scaled faster? For Sanagavarapu, the answer lies in project sequencing. Too often, clay characterisation happens after equipment is specified. This, she warned, is a backward approach because calciner design depends on clay mineralogy, kaolinite content, iron levels, reactivity, moisture and other variables.
“If you don’t know what your deposit looks like before you commit for the equipment, you are, in a way, going blind into designing,” she said.
She also identified permitting and plant integration as major bottlenecks. Environmental clearances, mining permissions and local regulatory approvals must begin early. Similarly, calcined clay must be integrated into existing grinding, blending and logistics systems from the design stage, not treated as an afterthought during commissioning.
India already has IS 18189:2023 standard for LC3, but Sanagavarapu pointed out that the standard is not yet visible enough in procurement documents. “The gap between what is technically being permitted and what the procurement is asking is the single biggest bottleneck,” she said.
In her view, successful scale-up depends on getting the sequence right: clay characterisation first, permitting in parallel, standards aligned with construction, and integration built into plant design.
India’s LC3 journey: Progress, but demand remains thin
Providing details of India’s LC3 commercialisation experience, Vaibhav Rathi of GIZ noted that JK Cement carried out the first commercial production of LC3 at its Rajasthan plant, followed by JK Lakshmi Cement three months later. These initiatives were supported by the International Climate Initiative of the Government of Germany, with IIT Delhi contributing deep institutional knowledge on LC3 research and BIS certification.
Rathi said India’s early experience has produced clear lessons. One of the biggest was the need to build capacity among regulators. While BIS certification existed, State Pollution Control Boards were unfamiliar with the technology and unsure about the approval pathway.
“The capacity building is not just needed amongst the producer and the users of the cement, but also the regulators who are working with this technology for the first time,” he said.
He also highlighted the need for better information on China clay deposits. Since China clay is currently classified as a minor mineral, centralised data on availability, quality and location is limited. If cement manufacturers are to adopt LC3 at scale, stronger mineral intelligence will be important.
The third issue is demand. LC3 has already been used in projects such as Palava City in Mumbai and Noida International Airport, but these remain limited examples. “It is in a chicken and egg situation,” Rathi said. “Cement companies are saying we need more demand, and users are saying there is not enough cement available.”
Public procurement, he suggested, could help break this cycle. If agencies such as CPWD and other public bodies begin testing, accepting and specifying LC3, it could create the market confidence needed for cement companies to invest in production and storage.
Building codes must catch up with innovation
Dr Sunita Purushottam of GBPN India argued that material choices will determine built environment emissions over the long term, but India’s current policy signals remain fragmented. Although LC3 has received BIS recognition, she pointed out that building codes, municipal bylaws, schedules of rates and sustainability codes do not yet provide uniform guidance on low-carbon cement.
“The current cement regulations are largely prescriptive and favouring traditional materials,” she said. This limits the ability of alternative materials to compete on performance, durability and emissions.
Dr Purushottam also raised the issue of taxation. Cement, including LC3, currently falls under the same GST bracket as conventional cement. A differentiated tax structure, she argued, could help accelerate market adoption. “In order for the market to demand LC3, that differentiation in the GST could go a long way,” she said.
She noted that green building certifications such as IGBC and GRIHA are already creating demand for low-carbon materials by assigning points for embodied carbon and sustainable material use. However, she said large-scale adoption will require regulatory mandates, particularly through building codes and state-level notifications.
She also cautioned that low-carbon cement alone does not solve the entire building performance problem. A material may reduce embodied carbon, but the operational carbon of a building depends on thermal performance, design, insulation and energy use. “The energy part has two elements,” she said. “One is the embodied carbon of the material itself, and the other is the operational carbon.”
Collaboration is the bridge between invention and impact
Wattal said GCCA sees innovation as a strategic priority and works through platforms that connect industry with academia and start-ups. “There is no way we will decarbonise our sector without innovation,” she said.
However, she stressed that research must be connected to actual industry challenges. Innovations developed in isolation may fail when they encounter real-world barriers such as raw material variability, plant integration, cost, standards and finance. Start-ups, too, need industry mentorship and scale-up pathways.
Wattal also flagged the importance of finance. Even strong technologies may struggle to attract investment if there is no common understanding of bankability. “We have always put projects into, is this a bankable project? But the definition of a bankable project has never been defined,” she said.
For India, she saw strong potential in its academic and start-up ecosystem, but said the challenge lies in alignment and prioritisation. The country has the research base, industrial capacity and market size. What it now needs is a coordinated route from innovation to deployment.
There is a practical concern for cement manufacturers: how can existing plants be adapted for lower emissions without compromising reliability or commercial viability?
Kiranmai Sanagavarapu addressed, “The reliability risk in calcined clay retrofit is definitely real, but it is almost always self-inflicted. The risk arises when a new process is added to an existing circuit without properly redesigning grinding and blending configurations.”
Existing cement plants, she explained, can take two broad routes. The first is external sourcing of calcined clay combined with mill optimisation. This requires lower capital investment and can potentially move in 12 to 18 months if other conditions are in place. It may reduce emissions by around 20 to 30 per cent. The second route is integrated calcination on site, which requires higher capital expenditure and longer lead times, but provides greater control over quality, supply and emissions reduction potential.
For Sanagavarapu, the principle is simple: low-carbon retrofits must be designed with intent. “Design it with an intent properly from the start. Start in the market conditions where the economics are already working,” she said.
Circularity: The overlooked advantage
According to Vaibhav Rathi, fly ash and slag are already well established in cement and construction (C&D), but construction and demolition waste remains underutilised. “C&D waste is a growing business opportunity which not many have taken up,” he said. India’s continuous construction and demolition activity creates huge volumes of waste, much of which contributes to air pollution, land degradation and material inefficiency. With the right processing and standards, this waste can be converted into useful construction products.
Rathi also pointed out that LC3 has a circular economy dimension that is often overlooked. It can use low-grade kaolin-rich clay left behind after high-grade clay is extracted for other applications. “LC3 is not only a low-carbon solution, but also a circular economy solution,” he said.
At the same time, he cautioned that LC3 in India is not yet cheap because it has not reached scale. Site-specific techno-commercial feasibility studies, supported jointly by development agencies and industry, could help companies assess whether LC3 production makes technical and financial sense at a given location.
Dr Purushottam added that India must address both low-carbon cement and construction waste together. “Both low-carbon cement and C&D waste go hand in hand. India does not have an option but to work on both,” she said.
Dr Aiyer called for policy shifts from both government and industry, including preferential purchasing of sustainable materials, minimum supplementary cementitious material requirements in public and public-private projects, and faster regulatory implementation. “If we can fast-track the regulatory standards and their implementation on the ground, that is the way to go,” he said.
From green ambition to green construction
Cement innovation is no longer only about chemistry. It is about systems. Low-carbon cement will scale only when technology, standards, procurement, finance, regulation, education and construction practice move together.
LC3 and other low-carbon technologies have shown promise. India has early commercial examples, strong research capability and growing market interest. But mainstream adoption will depend on whether demand can be created, regulators can be capacitated, standards can be embedded in procurement, and manufacturers can see a clear business case.
For a country building at India’s scale, the opportunity is enormous. Cement will continue to be central to infrastructure and urban development. The challenge now is to ensure that the cement used in India’s growth story carries a lower carbon burden.
- Rakesh Rao
Participate in Cement Expo 2026 and discover how next-gen infrastructure can be built with innovations in cement.
Concrete
JK Cement Declared Preferred Bidder For Gilund Limestone Block
Shares Edge Higher As Company Wins Rajasthan Block
Published
5 days agoon
June 30, 2026By
admin
JK Cement gained after being declared preferred bidder for the Gilund Limestone Block in Chittorgarh, Rajasthan, a lease area of 370.96 hectares. The firm saw its shares trade at Rs. 5550.05, up by 28.45 points or 0.52 per cent from the previous close of Rs. 5521.60 on the BSE. The scrip opened at Rs. 5569.15 and touched a high of Rs. 5625.00 and a low of Rs. 5531.00.
The stock recorded turnover of 1742 shares on the counter and the BSE group A stock with face value Rs. 10 has a 52 week high of Rs. 7565.00 on 20-Aug-2025 and a 52 week low of Rs. 4670.05 on 12-Jun-2026. Last one week high and low stood at Rs. 5625.00 and Rs. 5329.00 respectively. The promoters holding in the company stood at 45.66 per cent, while institutions and non-institutions held 40.61 per cent and 13.73 per cent respectively.
The e-auction conducted by the Government of Rajasthan resulted in the company being declared preferred bidder for the mining lease, and the allocation will enable the company to plan phased development of the deposit, subject to regulatory approvals. The Gilund block spans 370.96 hectares and its allocation is intended to support raw material security for the company’s cement operations in the region. The designation follows the government auction process and will allow the company to plan development and integration of the deposit into its supply chain.
The current market capitalisation stands at Rs. 430.38 billion (bn), reflecting market response to the mining news and prevailing valuation levels for the sector. Investors and analysts will watch for formal allotment and related disclosures that can clarify timelines, capital expenditure and expected production profiles. The report is intended for informational purposes and does not constitute investment advice, and market participants are advised to consult advisers before making decisions.
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