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ACC launces India’s first Sustainable house called Gratitude Villa

Published

3 years ago

May 6, 2022

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ACC would promote low CO2 emissions during construction of these houses

ACC Ltd. has launched Houses of Tomorrow (HOT), a worldwide programme of Holcim, in India as a concrete step toward achieving sustainable development. ACC will be the first Indian building materials company to monitor and encourage low CO2 emissions in constructing single-family homes. The Houses of Tomorrow are long-term, cost-effective, accessible, and repeatable. The programme plans to build homes using novel low-CO2 building materials. Puducherry is home to the first project in India, called Gratitude Villa. The project, designed by Trupti Doshi, a well-known sustainability expert, blends materials, climate-specific passive design, and smart building processes to produce a holistically sustainable house that also improves the tenants’ comfort. The use of materials such as ECOPact green concrete, ACC Suraksha cement, fly-ash bricks, and a low CO2 alternative to virgin steel reinforcing is planned to minimise CO2 emissions by 40% at Gratitude Villa. Mr. Sridhar Balakrishnan, MD & CEO, ACC Limited, told the media that their parent company Holcim is pioneering the move to sustainable building. The concept of Houses of Tomorrow sprang from this commitment to sustainability. He said that they are excited to launch this project in India, which would help us continue to inspire future generations of house builders to choose green goods and solutions. Balakrishnan said that through innovation and clever design, they believe that sustainability is for everyone in every place and at any price range.Over 40 well-known architects were asked to participate in the Houses of Tomorrow initiative as part of the selection process. Gratitude Villa was chosen as the first House of Tomorrow in India after a jury evaluation, as it satisfied the goal of displaying a beautifully designed house that uses low carbon impact materials and sustainable construction. The first wave of this unique initiative, which is being coordinated across five nation- India, Kenya, France, Canada, and Mexico – plans to have a good influence on the environment while also providing long-term value to the population.

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Also read: India’s green real estate assets availability grows 37% in 5 years

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

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Cement prices set to increase as expenses surge for cement makers

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.

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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.