Concrete

Safety audit should be considered as improvement in a positive way

Published

3 years ago

February 1, 2022

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Kanishk Khanna, CEO, Elion Technologies and Consulting Private Limited, delves into the important process of safety audits at cement plants and its impact on the safety measures that are implemented by companies to remain in compliance with governmental guidelines.

What is the importance of safety audits for cement plants?

Everyone wants to work with safety, and every cement company is taking a proactive approach to have zero incidents but the responsibilities of safety lie with the internal department and safety team. Most of the time some small and big hazards are overlooked by the staff as they are usually working in the same conditions over a period of time and have seen no fatalities. During the safety audit, a fresh approach is adopted to identify the hazard, which due to the day-to-day operations are not considered.

What are the key parameters on which a cement plant is audited?

A cement plant is audited on the parameters like safety culture, behaviour safety, adoption and implementation of use of personal protective equipment (PPE), work permit system and its implementation from top to down levels and contractor safety.

How often should a cement manufacturing unit be audited?

All cement plants should be audited two times – one while the plant is under planned shutdown and once during normal operation.

What are the key safety concerns in a cement plant?

They key areas of safety concern in a cement plant are:

Fall and Trip
Working at Height
Hot Works
Slip and Trip
Vibration and Noise
Dust
Vehicle Accident

How do you ensure safety standards are maintained in a cement plant?

Safety in any cement plant can be ensured and maintained with regular safety audits and by providing safety orientation and training to all employees and workmen in the plant.

Tell us more about the preparation and presentation of audit reports.

The safety audit report is self speaking with pictorial evidence of identified hazards and risks that exist. The report also includes practical possible measures to be taken to mitigate the hazard.

What are the major challenges you face during safety audits?

Safety audit should be considered as improvement in a positive way but mostly at down the level it is considered more as statutory implementation. This mindset is the major challenge faced during safety audits.

During the audit the people try to hide the correct information and do not allow or take us to the areas where significant hazard may exist.

How can technology help improve safety standards in a cement manufacturing unit?

Availability of internet of things (IOT) devices and technology surveillance helps to manage regular safety in the plant. People not wearing the required PPE can immediately be identified through various recognition systems. New advanced technology devices can help people to work safely and securely.

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Concrete

Construction Costs Rise 11% in 2024, Driven by Labour Expenses

Cement Prices Decline 15%, But Labour Costs Surge by 25%

Published

2 days ago

November 19, 2024

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The cost of construction in India increased by 11% over the past year, primarily driven by a 25% rise in labour expenses, according to Colliers India. While prices of key materials like cement dropped by 15% and steel saw a marginal 1% decrease, the surge in labour costs stretched construction budgets across sectors.

“Labour, which constitutes over a quarter of construction costs, has seen significant inflation due to the demand for skilled workers and associated training and compliance costs,” said Badal Yagnik, CEO of Colliers India.

The residential segment experienced the sharpest cost escalation due to a growing focus on quality construction and demand for gated communities. Meanwhile, commercial and industrial real estate remained resilient, with 37 million square feet of office space and 22 million square feet of warehousing space completed in the first nine months of 2024.

“Despite rising costs, investments in automation and training are helping developers address manpower challenges and streamline project timelines,” said Vimal Nadar, senior director at Colliers India.

With labour costs continuing to influence overall construction expenses, developers are exploring strategies to optimize operations and mitigate rising costs.

Concrete

Swiss Steel to Cut 800 Jobs

Job cuts due to weak demand

Published

3 days ago

November 18, 2024

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Swiss Steel has announced plans to cut 800 jobs as part of a restructuring effort, triggered by weak demand in the global steel market. The company, a major player in the European steel industry, cited an ongoing slowdown in demand as the primary reason behind the workforce reduction. These job cuts are expected to impact various departments across its operations, including production and administrative functions.

The steel industry has been facing significant challenges due to reduced demand from key sectors such as construction and automotive manufacturing. Additionally, the broader economic slowdown in Europe, coupled with rising energy costs, has further strained the profitability of steel producers like Swiss Steel. In response to these conditions, the company has decided to streamline its operations to ensure long-term sustainability.

Swiss Steel’s decision to cut jobs is part of a broader trend in the steel industry, where companies are adjusting to volatile market conditions. The move is aimed at reducing operational costs and improving efficiency, but it highlights the continuing pressures faced by the manufacturing sector amid uncertain global economic conditions.

The layoffs are expected to occur across Swiss Steel’s production facilities and corporate offices, as the company focuses on consolidating its workforce. Despite these cuts, Swiss Steel plans to continue its efforts to innovate and adapt to market demands, with an emphasis on high-value, specialty steel products.

Concrete

UltraTech Cement to raise Rs 3,000 crore via NCDs to boost financial flexibility

UltraTech reported a 36% year-on-year (YoY) decline in net profit, dropping to Rs 825 crore

Published

3 days ago

November 18, 2024

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UltraTech Cement, the Aditya Birla Group’s flagship company, has announced plans to raise up to Rs 3,000 crore through the private placement of non-convertible debentures (NCDs) in one or more tranches. The move aims to strengthen the company’s financial position amid increasing competition in the cement sector.

UltraTech’s finance committee has approved the issuance of rupee-denominated, unsecured, redeemable, and listed NCDs. The company has experienced strong stock performance, with its share price rising 22% over the past year, boosting its market capitalization to approximately Rs 3.1 lakh crore.

For Q2 FY2025, UltraTech reported a 36% year-on-year (YoY) decline in net profit, dropping to Rs 825 crore, below analyst expectations. Revenue for the quarter also fell 2% YoY to Rs 15,635 crore, and EBITDA margins contracted by 300 basis points. Despite this, the company saw a 3% increase in domestic sales volume, supported by lower energy costs.

In a strategic move, UltraTech invested Rs 3,954 crore for a 32.7% equity stake in India Cements, further solidifying its position in South India. UltraTech holds an 11% market share in the region, while competitor Adani holds 6%. UltraTech also secured $500 million through a sustainability-linked loan, underscoring its focus on sustainable growth driven by infrastructure and housing demand.