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Govt’s proposal to auction assets of CCI unit sparks political row

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Telangana demanding the Centre to revive the CCI unit at Adilabad

The government’s proposal to auction the assets of the Cement Corporation of India (CCI) unit at Adilabad in Telangana has snowballed into a political controversy with the ruling Telangana Rashtra Samiti (TRS), Congress, and Left parties coming together to criticise the action and demanding the Centre revive the unit instead of dismantling it.The unit was spread over 772 acres and was shut down in 2008 as it had operated into heavy losses.On Wednesday, TRS Member of Legislative Council (MLC) K Kavitha, the daughter of Chief Minister K Chandrashekar Rao, urged the Centre to roll back the auction proposal.The Centre should consider withdrawing the decision as the action will harm thousands of families dependent on it.For the Adilabad factory, the bid was invited along with a bid for two plants in Chhattisgarh, one each from Madya Pradesh and Karnataka.Kavita said that the Centre should answer if it is proceeding to reinvest the funds in Telangana or set up new factories to create employment.She also asked if the BJP government would accord national status to state-funded irrigation projects or install Kazipet Coach Factory and educational institutions with the funds they are attempting to consolidate via the sale of national assets.Kavita said that the state BJP leaders are answerable to the people of Telangana about the auction of the Adilabad unit of CCI, privatisation of Singareni Collieries Company Ltd, and selling of national assets.Telangana’s IT and Industry Minister KT Rama Rao urged Commerce and Industry Minister Piyush Goyal to review the proposal and revive the unit. Rao said that the state government would give financial incentives if the unit is revived, which can create employment. Electricity and plenty of water were available, and the unit can be revived.A joint action committee (JAC) including TRS, Congress, CPI, CPM, and student organisations have launched a protest urging that the Centre revive the unit rather than dismantle it.S Vikas, secretary of the CCI Employees Association, told the media that there was a high court (HC) order against the auction of CCI assets and dismantling.

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Also read:Dalmia Cement decides to invest Rs 2,600 cr in Tamil Nadu within 3 years

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Star Cement launches ‘Star Smart Building Solutions’

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Star Cement has launched ‘Star Smart Building Solutions,’ a new initiative aimed at promoting sustainable construction practices, as per a recent news report. This venture introduces a range of eco-friendly products, including tile adhesives, tile cleaners and grouts, designed to enhance durability and reduce environmental impact. The company plans to expand this portfolio with additional value-added products in the near future. By focusing on sustainable materials and innovative building solutions, Star Cement aims to contribute to environmentally responsible construction and meet the evolving needs of modern infrastructure development.

Image source:https://www.starcement.co.in/

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Nuvoco Vistas reports record quarterly EBITDA

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Nuvoco Vistas reported its highest-ever quarterly consolidated EBITDA of Rs.556 crore in Q4 FY25, with annual EBITDA at Rs.1,391 crore. Cement sales reached 19.4 MMT in FY25, with Q4 contributing 5.7 MMT. Revenue rose 4 per cent YoY to Rs.3,042 crore in Q4. Net debt reduced by Rs.390 crore to Rs.3,640 crore. The company received NCLT approval for acquiring Vadraj Cement, targeting 31 MMTPA capacity by FY27. Key marketing initiatives, expanding RMX and MBM businesses, and a focus on sustainability (457 kg CO2/tonne) drove performance. Nuvoco remains focused on premiumisation, operational efficiency, and market expansion.

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UltraTech Cement increases capacity by 1.4Mt/yr

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UltraTech Cement has expanded its production capacity by 1.4 million tonnes per annum (Mt/yr) through a combination of debottlenecking efforts and operational efficiency upgrades across several of its plants. The enhancements include an addition of 0.6Mt/yr in grinding capacity at the Nagpur facility in Maharashtra and a combined 0.8Mt/yr at the Panipat and Jhajjar units in Haryana. With these upgrades, the company’s total domestic grey cement capacity has risen to 184.8Mt/yr, while its global capacity now stands at 190.2Mt/yr.

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