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M Singhi – Person of the Year: JK Cement – fastest growing cement co

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Anil Agrawal, Additional Secretary urges the Cement industry to innovate and decarbonise.

Friday, 17th December, 2021, New Delhi: JK Cement, Ultratech & Shree Cement swept the 5th Indian Cement Review Awards 2021 at The Lalit, Delhi, on 17th December 2021 among the large category (over Rs 5000 cr operating revenue) amidst an august gathering of captains of industry, bankers, fund managers, bureaucrats, technocrats and media.

In his opening address, Mr. Pratap Padode, Founder and President, FIRST Construction Council, said, “The National Infrastructure Pipeline is looking at doubling the annual investment into infrastructure. Between 2014 and 2019, the investment into infrastructure has doubled from Rs 5 trillion in 2014 to Rs 10 trillion in 2019 on an annual basis and going forward the plan is to invest an average of Rs 20 trillion per annum in order to meet the NIP target of spending Rs 111 trillion in five years. Infrastructure projects, which did not need as much, are being done on a much larger scale and are being executed at greater speed.”

On receiving the award for the Person of the Year, an emotional Mr. Mahendra Singhi, MD & Group CEO, Dalmia Cement, after thanking the jury of Indian Cement Review and the FIRST Construction Council, the Guest of Honour, Anil Agrawal and his mentor Puneet Dalmia, asserted, “The Indian cement industry is poised to go from grey to green in the time to come. It is ready to support not only itself but other sectors, too. It is time to think afresh, to reshape and repurpose our business. The Indian cement sector is known as the most energy efficient and sustainable one in the world. Now it is time to move toward a net zero economy. I am sure that we would be the flag bearers in this effort across the globe.”

Expressing his delight Shri Agarwal exhorted the cement industry to embrace innovation.
Highlighting the strides that entrepreneurial India is taking, he informed, “We have 80 start-ups, which were valued at over $250 billion as against the market value of all CII companies at $800 billion, and FICCI companies at $400 billion. They have spurred their valuation due to the power of innovation, which is what will similarly revalue cement companies, if they make the moves to further innovation in their industry.”

During and earlier fireside chat both Singhi and Rajnish Kapur, COO, JK Cement parlayed over the challenges of sustainability and decarbonisation. Experts from the industry advocated decarbonisation strategies in view of PM Modi’s commitment to be net zero by 2070.

The evening concluded with cocktails and dinner, and a heartfelt appreciation from the industry stakeholders on the efforts put in by the FIRST Construction Council in recognising and applauding the progress of the Indian cement industry.

Winners

Fastest Growing Cement Company (Large Category over Rs 5000 cr)
1. JK Cement
2. Ultratech
3. Shree Cement

Fastest Growing Cement Company (Medium Category between Rs 2000 cr and Rs 5000 cr)
1. JK Lakshmi Cement
2. Birla Corporation
3. Heidelberg Cement India Limited
4. Orient Cement

Largest & Most profitable Cement Company in India
1. UltraTech

Fastest Growing Cement Company (Small Category less than Rs 2000 cr)
1. NCL Industries
2. Sagar Cements
3. Anjani Portland
Lifetime Achievement
1. Mr Suresh Deolalkar, Consultant

Person of the Year
1. Mr. Mahendra Singhi, Group CEO, Dalmia Cement

The esteemed Jury Advisory Panel included:

  • Mr. Ashok Dembla , Managing Director, KHD Humboldt Wedag
  • Mr. Ashwani Pahuja, Chief Sustainability Officer & Executive Director, Dalmia Cement (Bharat)
  • Dr. Bibekananda Mohapatra, Director General, National Council for Cement and Building Materials
  • Dr. JD Bapat , Adviser and Development Professional
  • Mr. KN Rao, Former Director, ACC
  • Mr. Nitin Vyas, CEO, BEUMER Group
  • Mr. Madhav Vemuri, Director and Entrepreneur, Aideas Engineering
  • Mr. Rahul Deshmukh, Managing Director, Aluminium, Fives India Engineering & Projects Pvt. Ltd.
  • Mr. Pratap Kumar Ghosh, Managing Director, Ercom Engineers Pvt Ltd
  • Mr. Goverdhandas Daga, Director, Secmec Consultants
  • Mr. DD Wanjale, Managing Director, GEBR. Pfeiffer (India)

Economy & Market

TSR Will Define Which Cement Companies Win India’s Net-Zero Race

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Jignesh Kundaria, Director and CEO, Fornnax Technology

India is simultaneously grappling with two crises: a mounting waste emergency and an urgent need to decarbonise its most carbon-intensive industries. The cement sector, the second-largest in the world and the backbone of the nation’s infrastructure ambitions, sits at the centre of both. It consumes enormous quantities of fossil fuel, and it has the technical capacity to consume something else entirely: the waste our cities cannot get rid of.

According to CPCB and NITI Aayog projections, India generates approximately 62.4 million tonnes of municipal solid waste annually, with that figure expected to reach 165 million tonnes by 2030. Much of this waste is energy-rich and non-recyclable. At the same time, cement kilns operate at material temperatures of approximately 1,450 degrees Celsius, with gas temperatures reaching 2,000 degrees. This high-temperature environment is ideal for co-processing, ensuring the complete thermal destruction of organic compounds without generating toxic residues. The physics are in our favour. The infrastructure is not.

Pre-processing is not the support act for co-processing. It is the main event. Get the particle size wrong, get the moisture wrong, get the calorific value wrong and your kiln thermal stability will suffer the consequences.

The Regulatory Push Is Real

The Solid Waste Management (SWM) Rules 2026 mandate that cement plants progressively replace solid fossil fuels with Refuse-Derived Fuel (RDF), starting at a 5 per cent baseline and scaling to 15 per cent within six years. NITI Aayog’s 2026 Roadmap for Cement Sector Decarbonisation targets 20 to 25 per cent Thermal Substitution Rate (TSR) by 2030. Beyond compliance, every tonne of coal replaced by RDF generates measurable carbon reductions which is monetisable under India’s emerging Carbon Credit Trading Scheme (CCTS). TSR is no longer a sustainability metric. It is a financial lever.

Yet our own field assessments across multiple Indian cement plants reveal a sobering reality: the primary barrier to scaling AFR adoption is not waste availability. It is the fragmented and under-engineered pre-processing ecosystem that sits between the waste and the kiln.

Why Indian Waste Is a Different Engineering Problem

Indian municipal solid waste is not the material that imported shredding equipment was designed for. Our waste streams frequently exceed 40 per cent to 50 per cent moisture content, particularly during monsoon cycles, saturated with abrasive inerts including sand, glass, and stone. Plants relying on imported OEM equipment face months of downtime awaiting proprietary spare parts. Machines built for segregated, low-moisture waste fail quickly and disrupt the entire pre-processing operation in Indian conditions.

The two most common failures we observe are what I call the biting teeth problem and the chewing teeth problem. Plants relying solely on a primary shredder reduce bulk waste to large fractions, but the output remains too coarse for stable kiln combustion. Others attempt to use a secondary shredder as a standalone unit without a primary stage to pre-size the feed, leading to catastrophic mechanical failure. When both stages are present but mismatched in throughput capacity, the system becomes a bottleneck. Achieving the 40 to 70 tonnes per hour required for meaningful coal displacement demands a precisely coordinated two-stage process.

Engineering a Made-in-India Answer

At Fornnax, our response to these challenges is grounded in one principle: Indian waste demands Indian engineering. Our systems are built around feedstock homogeneity, the holy grail of kiln stability. Consistent particle size and predictable calorific value are the foundation of stable kiln combustion. Without them, no TSR target is achievable at scale.

Our SR-MAX2500 Dual Shaft Primary Shredder (Hydraulic Drive) processes raw, baled, or loosely mixed MSW, C&I waste, bulky waste, and plastics, reducing them to approximately 150 mm fractions at throughputs of up to 40 tonnes per hour. The R-MAX 3300 Single Shaft Secondary Shredder (Hydraulic Drive), introduced in 2025, takes that primary output and produces RDF fractions in the 30 to 80 mm range at up to 30 tonnes per hour, specifically optimised for consistent kiln feeding. We have also introduced electric drive configurations under the SR-100 HD series, with capacities between 5 and 40 tonnes per hour, already operational at a leading Indian waste-processing facility.

Looking ahead, Fornnax is expanding its portfolio with the upcoming SR-MAX3600 Hydraulic Drive primary shredder at up to 70 tonnes per hour and the R-MAX2100 Hydraulic drive secondary shredder at up to 20 tonnes per hour, designed specifically for the large-scale throughput that higher TSR ambitions require.

The Investment Case Is Now

The 2070 Net-Zero target is not a distant goal for India’s cement sector. It starts today, with decisions being made on the plant floor.

The SWM Rules 2026 are already in effect, requiring cement plants to replace coal with RDF. Carbon credit markets are opening up, and coal prices are not going to get cheaper. Every tonne of coal a cement plant replaces with waste-derived fuel saves money on one side and generates carbon credit revenue on the other. Pre-processing infrastructure is no longer just a compliance requirement. It is a business investment with a measurable return.

The good news is that nothing is missing. The technology works. The waste is available in every Indian city. The government has provided the policy direction. The only thing standing between where the industry is today and where it needs to be is the commitment to build the right infrastructure.

The cement companies that move now will not just meet the regulations. They will be ahead of every competitor that waits.

About The Author

Jignesh Kundaria is the Director and CEO of Fornnax Technology. Over an experience spanning more than two decades in the recycling industry, he has established himself as one of India’s foremost voices on waste-to-fuel technology and alternative fuel infrastructure.

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Concrete

WCA Welcomes SiloConnect as associate corporate member

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The World Cement Association (WCA) has announced SiloConnect as its newest associate corporate member, expanding its network of technology providers supporting digitalisation in the cement industry. SiloConnect offers smart sensor technology that provides real-time visibility of cement inventory levels at customer silos, enabling producers to monitor stock remotely and plan deliveries more efficiently. The solution helps companies move from reactive to proactive logistics, improving delivery planning, operational efficiency and safety by reducing manual inspections. The technology is already used by major cement producers such as Holcim, Cemex and Heidelberg Materials and is deployed across more than 30 countries worldwide.

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Concrete

TotalEnergies and Holcim Launch Floating Solar Plant in Belgium

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TotalEnergies and Holcim have commissioned a floating solar power plant in Obourg, Belgium, built on a rehabilitated former chalk quarry that has been converted into a lake. The project has a generation capacity of 31 MW and produces around 30 GWh of renewable electricity annually, which will be used to power Holcim’s nearby industrial operations. The project is currently the largest floating solar installation in Europe dedicated entirely to industrial self-consumption. To ensure minimal impact on the surrounding landscape, more than 700 metres of horizontal directional drilling were used to connect the solar installation to the electrical substation. The project reflects ongoing collaboration between the two companies to support industrial decarbonisation through renewable energy solutions and innovative infrastructure development.

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