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Tata Steel, ArcelorMittal-Nippon Steel may not bid for NMDC facility

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Govt approves demerger of the unit from parent NMDC in Oct 2020

Tata Steel and ArcelorMittal-Nippon Steel India (AM/NS India) may not bid for National Mineral Development Corporation’s (NMDC) privatisation-bound, under-construction 3 million tonnes per annum (mtpa) steel unit at Chhattisgarh’s Nagarnar.This leaves JSW Steel, Jindal Steel and Power, and new entrants into the steel sector like Adani Group and Vedanta in the fray.In October 2020, the Centre had approved the demerger of the unit from the parent NMDC and strategic disinvestment of the demerged entity by selling its entire stake in it to a strategic player. NMDC is likely to finish the demerger process by August-September, coinciding with the commissioning of the facility. Bids for the demerged entity would be called for following this.NMDC may spend around Rs 22,000 crore, higher by Rs 6,500 crore than the original estimate, for the plant mainly due to seven years of overrun.Sr VP & group head, corporate sector ratings, ICRA, Jayanta Roy, told the media that the long-term outlook for the steel industry in India is positive, given the huge investment expected in infrastructure. Therefore, a sizable plant that is at a very advanced stage of commissioning should be appealing to steel players, since a greenfield steel project, otherwise, has a long gestation period.A Greenfield steel facility the size of Nagarnar is rare. Barring a greenfield unit of JSPL of the 6 mtpa size at Odisha’s Angul, commissioned in 2017, no key greenfield steel unit has come up in current times. Meanwhile, steel companies have raised their capacities, but those are via the brownfield route and debottlenecking of the existing units.The Nagarnar steel plant is located on 1,940 acres and has about 2,180 acres of land in total. In the next phase, the facility capacity can be grown by another 2 mtpa to 3 mtpa without requiring more land.The product mix of the unit is also appealing. Apart from hot-rolled coils and auto-grade steels, it will have grades for creating API pipes, employed in modern infrastructure, and products for manufacturing LPG cylinders.

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Also read:Tata Steel acquires SFML’s ferro alloy assets for Rs 155 crore

Concrete

FORNNAX Appoints Dieter Jerschl as Sales Partner for Central Europe

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FORNNAX TECHNOLOGY has appointed industry veteran Dieter Jerschl as its new sales partner in Germany to strengthen its presence across Central Europe. The partnership aims to accelerate the adoption of FORNNAXโ€™s high-capacity, sustainable recycling solutions while building long-term regional capabilities.

FORNNAX TECHNOLOGY, one of the leading advanced recycling equipment manufacturers, has announced the appointment of a new sales partner in Germany as part of its strategic expansion into Central Europe. The company has entered into a collaborative agreement with Mr. Dieter Jerschl, a seasoned industry professional with over 20 years of experience in the shredding and recycling sector, to represent and promote FORNNAXโ€™s solutions across key European markets.

Mr. Jerschl brings extensive expertise from his work with renowned companies such as BHS, Eldan, Vecoplan, and others. Over the course of his career, he has successfully led the deployment of both single machines and complete turnkey installations for a wide range of applications, including tyre recycling, cable recycling, municipal solid waste, e-waste, and industrial waste processing.

Speaking about the partnership, Mr. Jerschl said,
โ€œIโ€™ve known FORNNAX for over a decade and have followed their growth closely. What attracted me to this collaboration is their state-of-the-art & high-capacity technology, it is powerful, sustainable, and economically viable. There is great potential to introduce FORNNAXโ€™s innovative systems to more markets across Europe, and I am excited to be part of that journey.โ€

The partnership will primarily focus on Central Europe, including Germany, Austria, and neighbouring countries, with the flexibility to extend the geographical scope based on project requirements and mutual agreement. The collaboration is structured to evolve over time, with performance-driven expansion and ongoing strategic discussions with FORNNAXโ€™s management. The immediate priority is to build a strong project pipeline and enhance FORNNAXโ€™s brand presence across the region.

FORNNAXโ€™s portfolio of high-performance shredding and pre-processing solutions is well aligned with Europeโ€™s growing demand for sustainable and efficient waste treatment technologies. By partnering with Mr. Jerschlโ€”who brings deep market insight and established industry relationshipsโ€”FORNNAX aims to accelerate adoption of its solutions and participate in upcoming recycling projects across the region.

As part of the partnership, Mr. Jerschl will also deliver value-added services, including equipment installation, maintenance, and spare parts support through a dedicated technical team. This local service capability is expected to ensure faster project execution, minimise downtime, and enhance overall customer experience.

Commenting on the long-term vision, Mr. Jerschl added,
โ€œWe are committed to increasing market awareness and establishing new reference projects across the region. My goal is not only to generate business but to lay the foundation for long-term growth. Ideally, we aim to establish a dedicated FORNNAX legal entity or operational site in Germany over the next five to ten years.โ€

For FORNNAX, this partnership aligns closely with its global strategy of expanding into key markets through strong regional representation. The company believes that local partnerships are critical for navigating complex market dynamics and delivering solutions tailored to region-specific waste management challenges.

โ€œWe see tremendous potential in the Central European market,โ€ said Mr. Jignesh Kundaria, Director and CEO of FORNNAX.
โ€œPartnering with someone as experienced and well-established as Mr. Jerschl gives us a strong foothold and allows us to better serve our customers. This marks a major milestone in our efforts to promote reliable, efficient and future-ready recycling solutions globally,โ€ he added.

This collaboration further strengthens FORNNAXโ€™s commitment to environmental stewardship, innovation, and sustainable waste management, supporting the transition toward a greener and more circular future.

 

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Concrete

Budget 2026โ€“27 infra thrust and CCUS outlay to lift cement sector outlook

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Higher capex, city-led growth and CCUS funding improve demand visibility and decarbonisation prospects for cement

Mumbai

Cement manufacturers have welcomed the Union Budget 2026โ€“27โ€™s strong infrastructure thrust, with public capital expenditure increased to Rs 12.2 trillion, saying it reinforces infrastructure as the central engine of economic growth and strengthens medium-term prospects for the cement sector. In a statement, the Cement Manufacturersโ€™ Association (CMA) has welcomed the Union budget 2026-27 for reinforcing the ambitions for the nationโ€™s growth balancing the aspirations of the people through inclusivity inspired by the vision of Narendra Modi, Prime Minister of India, for a Viksit Bharat by 2047 and Atmanirbharta.

The budget underscores Indiaโ€™s steady economic trajectory over the past 12 years, marked by fiscal discipline, sustained growth and moderate inflation, and offers strong demand visibility for infrastructure linked sectors such as cement.

The Budgetโ€™s strong infrastructure push, with public capital expenditure rising from Rs 11.2 trillion in fiscal year 2025โ€“26 to Rs 12.2 trillion in fiscal year 2026โ€“27, recognises infrastructure as the primary anchor for economic growth creating positive prospects for the Indian cement industry and improving long term visibility for the cement sector. The emphasis on Tier 2 and Tier 3 cities with populations above 5 lakh and the creation of City Economic Regions (CERs) with an allocation of Rs 50 billion per CER over five years, should accelerate construction activity across housing, transport and urban services, supporting broad based cement consumption.

Logistics and connectivity measures announced in the budget are particularly significant for the cement industry. The announcement of new dedicated freight corridors, the operationalisation of 20 additional National Waterways over the next five years, the launch of the Coastal Cargo Promotion Scheme to raise the modal share of waterways and coastal shipping from 6 per cent to 12 per cent by 2047, and the development of ship repair ecosystems should enhance multimodal freight efficiency, reduce logistics costs and improve the sectorโ€™s carbon footprint. The announcement of seven high speed rail corridors as growth corridors can be expected to further stimulate regional development and construction demand.

Commenting on the budget, Parth Jindal, President, Cement Manufacturersโ€™ Association (CMA), said, โ€œAs India advances towards a Viksit Bharat, the three kartavya articulated in the Union Budget provide a clear context for the Nationโ€™s growth and aspirations, combining economic momentum with capacity building and inclusive progress. The Cement Manufacturersโ€™ Association (CMA) appreciates the Union Budget 2026-27 for the continued emphasis on manufacturing competitiveness, urban development and infrastructure modernisation, supported by over 350 reforms spanning GST simplification, labour codes, quality control rationalisation and coordinated deregulation with States. These reforms, alongside the Budgetโ€™s focus on Youth Power and domestic manufacturing capacity under Atmanirbharta, stand to strengthen the investment environment for capital intensive sectors such as Cement. The Union Budget 2026-27 reflects the Governmentโ€™s focus on infrastructure led development emerging as a structural pillar of Indiaโ€™s growth strategy.โ€

He added, โ€œThe Rs 200 billion CCUS outlay for various sectors, including Cement, fundamentally alters the decarbonisation landscape for Indiaโ€™s emissions intensive industries. CCUS is a significant enabler for large scale decarbonisation of industries such as Cement and this intervention directly addresses the technology and cost requirements of the Cement sector in context. The Cement Industry, fully aligned with the Government of Indiaโ€™s Net Zero commitment by 2070, views this support as critical to enabling the adoption and scale up of CCUS technologies while continuing to meet the Countryโ€™s long term infrastructure needs.โ€

Dr Raghavpat Singhania, Vice President, CMA, said, โ€œThe governmentโ€™s sustained infrastructure push supports employment, regional development and stronger local supply chains. Cement manufacturing clusters act as economic anchors across regions, generating livelihoods in construction, logistics and allied sectors. The budgetโ€™s focus on inclusive growth, execution and system level enablers creates a supportive environment for responsible and efficient expansion offering opportunities for economic growth and lending momentum to the cement sector. The increase in public capex to Rs 12.2 trillion, the focus on Tier 2 and Tier 3 cities, and the creation of City Economic Regions stand to strengthen the growth of the cement sector. We welcome the budgetโ€™s emphasis on tourism, cultural and social infrastructure, which should broaden construction activity across regions. Investments in tourism facilities, heritage and Buddhist circuits, regional connectivity in Purvodaya and North Eastern States, and the strengthening of emergency and trauma care infrastructure in district hospitals reinforce the cement sectorโ€™s role in enabling inclusive growth.โ€

CMA also noted the Governmentโ€™s continued commitment to fiscal discipline, with the fiscal deficit estimated at 4.3 per cent of GDP in FY27, reinforcing macroeconomic stability and investor confidence.

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Concrete

JK Cement Crosses 31 MTPA Capacity with Commissioning of Buxar Plant in Bihar

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JK Cement has commissioned a 3 MTPA Grey Cement plant in Buxar, Bihar, taking its total capacity to 31.26 MTPA and placing it among Indiaโ€™s top five grey cement producers. The โ‚น500 crore investment strengthens the companyโ€™s national footprint while supporting Biharโ€™s infrastructure growth and local economic development.

JK Cement Ltd., one of Indiaโ€™s leading cement manufacturers, has announced the commissioning of its new state-of-the-art Grey Cement plant in Buxar, Bihar, marking a significant milestone in the companyโ€™s growth trajectory. With the commissioning of this facility, JK Cementโ€™s total production capacity has increased to 31.26 million tonnes per annum (MTPA), enabling the company to cross the 30 MTPA threshold.

This expansion positions JK Cement among the top five Grey Cement manufacturers in India, strengthening its national footprint and reinforcing its long-term growth strategy.

Commenting on the strategic achievement, Dr Raghavpat Singhania, Managing Director, JK Cement, said, โ€œCrossing 31 MTPA is a significant turning point in JK Cement’s expansion and demonstrates the scale, resilience, and aspirations of our company. In addition to making a significant contribution to Bihar’s development vision, the commissioning of our Buxar plant represents a strategic step towards expanding our national footprint. We are committed to developing top-notch manufacturing capabilities that boost India’s infrastructure development and generate long-term benefits for local communities.โ€

The Buxar plant has a capacity of 3 MTPA and is spread across 100 acres. Strategically located on the Patnaโ€“Buxar highway, the facility enables faster and more efficient distribution across Bihar and adjoining regions. While JK Cement entered the Bihar market last year through supplies from its Prayagraj plant, the Buxar facility will now allow the company to serve the state locally, with deliveries possible within 24 hours across Bihar.

Sharing his views on the expansion, Madhavkrishna Singhania, Joint Managing Director & CEO, JK Cement, said, “JK Cement is now among India’s top five producers of grey cement after the Buxar plant commissioning. Our capacity to serve Bihar locally, more effectively, and on a larger scale is strengthened by this facility. Although we had already entered the Bihar market last year using Prayagraj supplies, local manufacturing now enables us to be nearer to our clients and significantly raise service standards throughout the state. Buxar places us at the center of this chance to promote sustainable growth for both the company and the region in Bihar, a high-growth market with strong infrastructure momentum.โ€

The new facility represents a strategic step in supporting Biharโ€™s development vision by ensuring faster access to superior quality cement for infrastructure, housing, and commercial projects. JK Cement has invested approximately โ‚น500 crore in the project. Construction began in March 2025, and commercial production commenced on January 29, 2026.

In addition to strengthening JK Cementโ€™s regional presence, the Buxar plant is expected to generate significant direct and indirect employment opportunities and attract ancillary industries, thereby contributing to the local economy and the broader industrial ecosystem.

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