Concrete

ACC records consolidated net profit of Rs 1,430 cr in FY21

ACC reduced 3.7% carbon emissions under its sustainability plan

Published

3 years ago

April 30, 2022

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ACC Cement is now a part of the LafarageHolcim Group. In FY21, ACC recorded net sales of Rs 13,487 crore and a consolidated net profit of Rs 1,430 crore.

The company commissioned a new grinding unit at Sindri, Jharkhand, which will add 1.4 million tonnes per annum (mtpa) of cement capacity to its existing three mtpa unit.

Its sustainability strategy is led by the Sustainable Development Plan 2030, aligned with the sustainability vision of the parent company. The initiatives under this plan include investments in improving the energy efficiency of production facilities, using alternative raw materials and fuels, and replacing carbon dioxide intensive clinker used in cement manufacturing with resources derived from fly ash and slag.

It has resulted in a 3.7% reduction in specific carbon dioxide emissions, a 22% drop in nitrous oxide emissions and a 27% reduction in dust emissions in the financial year.

In FY21, ACC consumed 3.63 million cubic m of water in cement operations, down by 9% from the consumption in the previous year. In FY21, of the total cement produced, about 90% was blended cement. In 2021, ACC co-processed 0.57 metric tonnes of waste, of which 99,517 tonnes was a plastic waste.

The company offered eight products that have been certified by the Confederation of Indian Industry to be eco-labelled. Its R&D initiatives in green products include the development of carbon-neutral concrete and ultra-high performance concrete.

The company’s green energy consumption was 85.26 units in FY21, compared to the previous year with 82.39 units. It reported a thermal substitution rate of 6.93% in FY21, up from 1.48% in FY20. Moreover, ACC?s waste heat recovery capacity will rise from 7.5 MW to 22.5 MW.

ACC has a dealer footprint of 12,000 and added 2,050 last year. The company has an integrated supply chain into its operational efficiency and sustainability strategy.

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Also read: Vedanta supplies first rake of 4,000 tonnes fly-ash to ACC Cement

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Concrete

GMDC Inks Long-Term Limestone Supply Deal With JK Cement

The agreement has been signed for supply of 250 million tonne.

Published

8 hours ago

February 3, 2025

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State-owned GMDC said it has entered into a long-term pact with JK Cement Ltd for the supply of limestone from its upcoming mine in Gujarat.

The agreement has been signed for supply of 250 million tonnes of limestone over a period of 40 years from its upcoming Lakhpat Punrajpur Mine in Lakhpat Taluka of Kutch district in Gujarat.

This agreement will help JK Cement Ltd in setting up an integrated mega-capacity cement plant, fostering industrial growth in the region.Kutch’s coastal proximity, improved access to domestic and international markets, and cost-efficient logistics position it as an ideal hub for cement production.

The state-owned company has five operational lignite mines in Kutch, South Gujarat, and Bhavnagar region.

Concrete

GMDC, J K Cement Ltd. Tie-up for Limestone from Lakhpat Punrajpur Mine

This agreement underscores GMDC Ltd.’s commitment to fostering industrial growt

Published

16 hours ago

February 3, 2025

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Gujarat Mineral Development Corporation Ltd. (GMDC) has signed a Long-Term Supply Agreement (LSA) with JK Cement Ltd. for the supply of 250 million tonnes of limestone over a period of 40 years from its upcoming Lakhpat Punrajpur Mine in Lakhpat Taluka of Kutch District in Gujarat. The signing event was chaired by the Chairman of GMDC Ltd. Dr. Hasmukh Adhia, IAS (Retd.) on January 29, 2025 and the agreement was officially formalised by Roopwant Singh, IAS, Managing Director of GMDC Ltd., and Anuj Khandelwal, Business Head – Grey Cement of JK Cement Ltd., representing their respective organisations.

This agreement marks a strategic partnership towards monetising the large limestone asset of GMDC Ltd. and benefiting both the partners. It will support J K Cement Ltd. in setting up a greenfield integrated mega-capacity cement plant, fostering industrial growth in the region. The collaboration will stimulate investment, enhance industrial development, and generate thousands of direct and indirect employment opportunities in Kutch, contributing significantly to the socio-economic progress of Gujarat. Kutch’s coastal proximity, improved access to domestic and international markets, and cost-efficient logistics position it as an ideal hub for cement production. Furthermore, this initiative will contribute substantially to the State Exchequer through revenue generation in the form of Royalty, National Mineral Exploration Trust (NMET) contributions, District Mineral Foundation (DMF) funds, and Goods & Services Tax (GST) on both limestone and cement production.

This agreement underscores GMDC Ltd.’s commitment to fostering industrial growth while ensuring the sustainable utilization of mineral resources, thereby strengthening Gujarat’s position as a leading industrial and economic State.

Concrete

JK Cement Acquires Majority Stake in Saifco Cement to Expand in J&K

Saifco has an annual turnover of around Rs 860 million.

Published

2 days ago

February 1, 2025

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JK Cement has made a significant move in its growth strategy by acquiring a 60% equity stake in Saifco Cement, a cement manufacturer based in Srinagar, Jammu and Kashmir. The acquisition, valued at approximately Rs 1.74 billion, was approved during a board meeting on January 25, 2025.

Located in Khunmoh, Srinagar, Saifco’s integrated manufacturing unit, which includes both clinker and grinding capacities, aligns with JK Cement’s expansion plans. Saifco has an annual turnover of around Rs 860 million, and this acquisition not only strengthens JK Cement’s presence in the region but also offers a strategic advantage in the competitive Indian cement industry.

Saifco’s facility, spread across 54 acres, has a clinker capacity of 0.26 million tonnes per annum and a grinding capacity of 0.42 million tonnes per annum. The site also holds captive limestone reserves across 144.25 hectares, with a mineable reserve of 129 million tonnes.

This deal, which is expected to close after receiving regulatory approvals, allows JK Cement to tap into Saifco’s established infrastructure, sidestepping the time-consuming process of greenfield expansion. The acquisition will also position JK Cement to benefit from Saifco’s established market presence and supply chain.

The move signals JK Cement’s ambition to expand further in the Jammu and Kashmir market and beyond, positioning Saifco as a key regional player under JK Cement’s umbrella. The acquisition could also lead to potential job creation and greater economic opportunities for local suppliers. As part of the integration, JK Cement is expected to bring operational synergies, improving production efficiency and cost management.

This deal is seen as a model for regional consolidation in India’s growing cement industry, with JK Cement’s established brand and distribution network poised to enhance Saifco’s operations and product offerings in the region.

(Greater Kashmir)