Gaurav Mathur, CEO, Global Technical Services, Mumbai, explores the avenue of greener fuel alternatives such as Biodiesel to reduce greenhouse gas emissions.
Saving the environment is our primary concern today and there is a need to reduce the consumption of petroleum products which lead to Global Warming. The combustion of petroleum diesel leads to emissions hence the usage of greener alternatives like Biodiesel will help reduce the greenhouse gases. Biodiesel, a replacement for diesel fuel, is for use in diesel engines. It is manufactured from plant oils, animal fats or recycled cooking oil. The manufacturing process converts oils and fats into fatty acid methyl esters called FAME or Biodiesel.
Biodiesel benefits
Renewable: The ratio of energy in fuel to the units of non- renewable energy used to produce it is about 5.5 :1 (Source: University of Idaho).
Higher cetane number: For biodiesels, the cetane number is generally between 46 to 60 higher than that of diesel fuel which is 40-45
Except NOx all other emissions are lower.
Non-toxic
Environmentally friendly: Use of Biodiesel instead of diesel reduces greenhouse emissions over 80 per cent.
Fuel lubricity: Provides lubricity to the fuel injection system reducing friction and wear.
Total Fuel Management Services Total Fuel Management services are for companies that need increased accuracy, accountability, security or productivity from their assets. It is normal for TFM implementers to achieve fluid reconciliation rates in excess of 99.5 per cent. It consists of hardware, controllers, and software, which are implemented as a integrated package. TFM is ideal for mines and industries including vehicle fleets/haulage, construction, ports, and non-hydrocarbon applications such as chemical supply and liquid food production. The TFM services provided include: • Storage, handling and dispensing • Filtration for incoming diesel fuel receipts to remove sludge ad dirt • Sourcing of Biodiesel (B100): optional • Conditioning of B100 and blended fuel • Testing of B100 and blended fuel for quality assurance • Storage facility and management for B100 • Equipment for blending, conditioning, dispensing and accounting • Fuel performance booster: additives, antioxidants and biocides for storage stability
adoption of Biodiesel The Biodiesel adoption in the country is more in the industrial or organised sector. It has been largely used by pharma and FMCG companies where diesel was used as a burner fuel. However, it is still a very small percentage of the HSD used. The usage is mostly B 20, however some of them, especially in the transport sector have tried B100 with some reports of filter clogging etc. However these may be attributed to the quality of B100 used as this varies with different manufacturers. The adoption may be less than 0.25 per cent of the total fuel consumed.
global usage of biodiesel We are at a very early stage of Biodiesel adoption, compared to Europe and USA, where they have more organised organisations and well defined specifications to guide the users with support from OEMs. In December 2020, greener alternatives like biodiesel itself produced a record production of 610 million litres in USA becoming the largest producer of biofuel in the world. India targets to produce 200 million litres of biodiesel (2021).
Global biofuel forecast Mining, construction, transport, railways and auxiliary power generations would be industries that shall be major biodiesel end-users in India and would offer vast potential to the biofuel markets in years to come. In mining, cement and metal mining would take the lead due to increasing sensitivity on sustainability.
Attribute Details Market size volume in FY2021 0.17 million Tons Market size volume in FY2030 0.26 million Tons Growth Rate CAGR of 8.60 per cent from FY2021 to FY2030
Construction and mining equipment sector Sustainability should be the prime reason for implementing the usage of biodiesel, we all in the Industrial world are obliged to be sensitive to the environment and bring down the pollution levels. This is largely supported by usage of biodiesel. In absence of a clear mandate from environmental agencies, the adaptation of Biodiesel Is primarily taken as an initiative to reduce fuel cost. There should be another way, there should be incentives to the users by the agencies to adopt cleaner and green fuels such as Biodiesel. OMC’s are blending B100 with HSD , to a very small degree, yet it’s a long way to reach where we can be sustainable. Although the intention of adaptability is good, the acceptability is in question due to fear arising out of Biodiesel quality and limited knowledge among the industry. Supply of genuine Biodiesel is very difficult, with very few organised promoters of Biodiesel, the challenge is the supply of consistent quality and quantity that is required by the heavy off highway machinery.
Growth prospects of biodiesel fuelled machines The outlook is very positive for usage in terms of environmental benefits however environmental agencies strict legislation is the requirement. If the economic benefits on fuel costs is the only reason for moving to green fuels, then the adaptation shall be slow as presently one cannot define cost saving due to price variation of B100. The key is consistency in quality and quantity, hence no single manufacturer can be identified as a sole vendor of fuel. What is needed is an OMC or a fuel management company to take care of consistency of quality and quantity. The future of B100 is very positive with increasing corporates and multinationals wanting to be sustainable, and OEM’s partnering in manufacturing and supporting Clean Green Fuel. The adoption of B100 in the retail market will take time due to regulatory issues.
Global Technical Services Global Technical Services has been responsible for introducing Total Lubrication Management by implementing best lubrication practices to save millions of losses arising on account of premature failures. Core industries such as cement, mining and metals processing have hugely benefited by implementing TLM Adaptation to Clean Green Fuels is the need of the hour, already a lot of damage has been done by mankind and mother earth is already damaged to a large extent. GTS is offering value added services to core industry where by three pillars of combustion are addressed and taken care of : ● Cleaner fuel results in better combustion. Thus, cleaning fuel and removal of all physical impurities from the diesel. ● Blending of Biodiesel with quality HSD for greener combustion. ● Quantity accounting, recording equipment wise fuel consumption, by installing WRAVI (Wireless RFID Automatic Vehicle Identification System).
Shree Digvijay Cement Company Limited reported consolidated financial results for the quarter and year ended 31 March 2026, showing higher revenues and improved profitability. Revenue from operations for the quarter was Rs 2,084.7 mn, up from Rs 1,833.4 mn in the prior quarter, while revenue for the year was Rs 7,491.0 mn versus Rs 7,251.5 mn a year earlier. EBITDA for the quarter rose to Rs 251.0 mn from Rs 38.4 mn in the preceding quarter and reached Rs 746.1 mn for the year. Profit after tax for the year was Rs 250.0 mn.
Sales volume for the company s grinding and cement operations was zero point three six four mn t in the quarter and one point four zero three mn t for the year, while traded volumes were zero point zero three mn t in the quarter. EBITDA per tonne improved to Rs637 in the quarter and averaged Rs521 for the year. Under a brand usage, supply and distributorship agreement the company sold 29,928 t of Hi Bond cement, which generated Rs153.6 mn in revenue and Rs20.0 mn in EBITDA during the period.
The company said that it had commenced purchase and distribution of Hi Bond cement effective 19 March 2026 pursuant to the long term distributorship agreement, and that it had paid a refundable security deposit of Rs four bn under the same arrangement. Management indicated that the strategic integration with the Hi Bond network would support future growth and strengthen distribution capabilities. The board cited seasonally higher demand and improved pricing as factors behind the sequential improvement in realisations.
The board recommended a final dividend of Rs one per equity share subject to shareholder approval at the ensuing annual general meeting. The company reiterated focus on sustaining the positive momentum in revenue and margin metrics while integrating the new distributorship, and will continue to monitor market conditions and pricing trends to support further improvement in outcomes.
Icra reported that cement production volumes rose by eight point six per cent in the financial year 2026 to 491.4 million (mn) metric tonne (t). March output was 48.4 mn t, up four per cent year on year on a high base.
The agency projected that volumes are expected to grow by seven to eight per cent in the current financial year, supported by sustained demand from the housing and infrastructure sectors. Average cement prices were reported to have remained flat in March at Rs 340 per bag on a month on month basis, while prices for FY26 increased by two per cent to Rs 345 per bag year on year.
Among inputs, coal prices declined by 17 per cent year on year to USD 102 per t in April 2026 while petcoke prices rose sharply by 19 per cent month on month and 22 per cent year on year to around Rs 15,800 per t in April. Petcoke was higher by about five per cent year on year in FY26 and diesel prices were reported to have remained steady. Icra noted that coal, petcoke and diesel are expected to trend higher in FY27 and remain exposed to risks from the ongoing West Asia conflict.
The report emphasised that operating margins for Icra’s sample set of companies are estimated to moderate by 200 to 400 basis points (bps) in FY27 on account of a likely increase in input costs, with further downside risks should crude prices rise owing to geopolitical tensions. However, debt protection metrics are projected to remain comfortable and Icra maintained a stable outlook on the Indian cement sector.
UltraTech Cement reported record financial performance for Q4 and FY26, supported by strong volumes, higher profitability and improved cost efficiency. Consolidated net sales for Q4 FY26 rose 12 per cent year-on-year to Rs 254.67 billion, while PBIDT increased 20 per cent to Rs 56.88 billion. PAT, excluding exceptional items, grew 21 per cent to Rs 30.11 billion.
For FY26, consolidated net sales stood at Rs 873.84 billion, up 17 per cent from Rs 749.36 billion in FY25. PBIDT rose 32 per cent to Rs 175.98 billion, while PAT increased 36 per cent to Rs 83.05 billion, crossing the Rs 80 billion mark for the first time.
India grey cement volumes reached 42.41 million tonnes in Q4 FY26, up 9.3 per cent year-on-year, with capacity utilisation at 89 per cent. Full-year India grey cement volumes stood at 145 million tonnes. Energy costs declined 3 per cent, aided by a higher green power mix of 43 per cent in Q4.
The company’s domestic grey cement capacity has crossed 200 MTPA, reaching 200.1 MTPA, while global capacity stands at 205.5 MTPA. UltraTech also recommended a special dividend of Rs 2.40 billion per share value basis equivalent to Rs 240.