Concrete

UltraTech Cement’s capacity to increase by 159 mtpa

Published

3 years ago

September 5, 2022

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This will make Ultratech the third-largest cement producer in the world

After the most recent round of expansion is completed, UltraTech Cement’s capacity will increase to 159 million tonnes per annum (mtpa), Kumar Mangalam Birla stated on August 17.

In his keynote address at the company’s annual general meeting, Birla stated that UltraTech’s new capital expenditure plan is supported by a strong belief in India’s growth potential as well as a comprehensive understanding of the market dynamics of the cement industry.

Notably, the company’s capacity has increased significantly over the last five years, from 69.6 mtpa to 119.9 mtpa, and it is the only cement company to reach the Rs500 billion revenue milestone.

“Upon completion of the latest round of expansion, the company’s capacity will grow to 159.25 mtpa, reinforcing its position as the third largest cement company in the world, outside of China”, he said.

Birla also stated that the Indian economic recovery cycle “remains firmly in place” as a result of significant progress in vaccination and an increase in public capital expenditure.

In response to the global rise in inflation, the veteran industrialist stated that the situation in India is not as bad as in some of the world’s leading economies.

While India’s inflation rate has been above the RBI’s tolerance range for the past seven months, the Aditya Birla Group chairperson claims that “the overshoot has not been as severe as in many other countries.”

According to Birla, India’s digital ecosystem is becoming more dynamic, global supply chains are becoming less dependent on China, and investors are placing more of an emphasis on sustainable finance.

Addresses Concerns About Cost Inflation: Mangalam Birla emphasized that this year, businesses will need to be on guard against cost pressures and financial market volatility. Acknowledging the overall situation, he said, “There have been two major fallouts of the current global crisis. One is the tightness in energy markets and concerns around the energy security of some regions which has had indirect implications for many economies. Secondly, elevated energy prices have spurred a chain reaction, fuelling the existing inflationary impulses. This has triggered central banks to normalise monetary policy faster than anticipated, denting consumer confidence and dampening risk sentiment in the financial markets”, he added.

Concrete

Nuvoco Vistas Reports Record Q2 EBITDA, Expands Capacity to 35 MTPA

Cement Major Nuvoco Posts Rs 3.71 bn EBITDA in Q2 FY26

Published

2 weeks ago

October 22, 2025

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Nuvoco Vistas Corp. Ltd., one of India’s leading building materials companies, has reported its highest-ever second-quarter consolidated EBITDA of Rs 3.71 billion for Q2 FY26, reflecting an 8% year-on-year revenue growth to Rs 24.58 billion. Cement sales volume stood at 4.3 MMT during the quarter, driven by robust demand and a rising share of premium products, which reached an all-time high of 44%.

The company continued its deleveraging journey, reducing like-to-like net debt by Rs 10.09 billion year-on-year to Rs 34.92 billion. Commenting on the performance, Jayakumar Krishnaswamy, Managing Director, said, “Despite macro headwinds, disciplined execution and focus on premiumisation helped us achieve record performance. We remain confident in our structural growth trajectory.”

Nuvoco’s capacity expansion plans remain on track, with refurbishment of the Vadraj Cement facility progressing towards operationalisation by Q3 FY27. In addition, the company’s 4 MTPA phased expansion in eastern India, expected between December 2025 and March 2027, will raise its total cement capacity to 35 MTPA by FY27.

Reinforcing its sustainability credentials, Nuvoco continues to lead the sector with one of the lowest carbon emission intensities at 453.8 kg CO? per tonne of cementitious material.

Concrete

Jindal Stainless to Invest $150 Mn in Odisha Metal Recovery Plant

New Jajpur facility to double metal recovery capacity and cut emissions

Published

2 weeks ago

October 17, 2025

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Jindal Stainless Limited has announced an investment of $150 million to build and operate a new wet milling plant in Jajpur, Odisha, aimed at doubling its capacity to recover metal from industrial waste. The project is being developed in partnership with Harsco Environmental under a 15-year agreement.

The facility will enable the recovery of valuable metals from slag and other waste materials, significantly improving resource efficiency and reducing environmental impact. The initiative aligns with Jindal Stainless’s sustainability roadmap, which focuses on circular economy practices and low-carbon operations.

In financial year 2025, the company reduced its carbon footprint by about 14 per cent through key decarbonisation initiatives, including commissioning India’s first green hydrogen plant for stainless steel production and setting up the country’s largest captive solar energy plant within a single industrial campus in Odisha.

Shares of Jindal Stainless rose 1.8 per cent to Rs 789.4 per share following the announcement, extending a 5 per cent gain over the past month.

Concrete

Vedanta gets CCI Approval for Rs 17,000 MnJaiprakash buyout

Acquisition marks Vedanta’s expansion into cement, real estate, and infra

Published

2 weeks ago

October 17, 2025

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Vedanta Limited has received approval from the Competition Commission of India (CCI) to acquire Jaiprakash Associates Limited (JAL) for approximately Rs 17,000 million under the Insolvency and Bankruptcy Code (IBC) process. The move marks Vedanta’s strategic expansion beyond its core mining and metals portfolio into cement, real estate, and infrastructure sectors.

Once the flagship of the Jaypee Group, JAL has faced severe financial distress with creditors’ claims exceeding Rs 59,000 million. Vedanta emerged as the preferred bidder in a competitive auction, outbidding the Adani Group with an overall offer of Rs 17,000 million, equivalent to Rs 12,505 million in net present value terms. The payment structure involves an upfront settlement of around Rs 3,800 million, followed by annual instalments of Rs 2,500–3,000 million over five years.

The National Asset Reconstruction Company Limited (NARCL), which acquired the group’s stressed loans from a State Bank of India-led consortium, now leads the creditor committee. Lenders are expected to take a haircut of around 71 per cent based on Vedanta’s offer. Despite approvals for other bidders, Vedanta’s proposal stood out as the most viable resolution plan, paving the way for the company’s diversification into new business verticals.