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UltraTech Cement’s capacity to increase by 159 mtpa

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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.

See also:
UltraTech announces capex for capacity expansion
UltraTech plans $875 mn investment as a part of growth plan

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Concrete

CCU testbeds in Tamil Nadu

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Tamil Nadu is set to host one of India’s five national carbon capture and utilisation (CCU) testbeds, aimed at reducing CO2 emissions in the cement industry as part of the country’s 2070 net-zero goal, as per a news report. The facility will be based at UltraTech Cement’s Reddipalayam plant in Ariyalur, supported by IIT Madras and BITS Pilani. Backed by the Department of Science and Technology (DST), the project will pilot an oxygen-enriched kiln capable of capturing up to two tonnes of CO2 per day for conversion into concrete products. Additional testbeds are planned in Rajasthan, Odisha, and Andhra Pradesh, involving companies like JK Cement and Dalmia Cement. Union Minister Jitendra Singh confirmed that funding approvals are underway, with full implementation expected in 2025.

Image source:https://www.heavyequipmentguide.ca/

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Concrete

JSW Cement gears up for IPO

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JSW Cement has set the price range for its upcoming initial public offering(IPO) at US$1.58 to US$1.67 per share, aiming to raise approximately US$409 million. As reported in the news, around US$91 million from the proceeds will be directed towards partially financing a new integrated cement plant in Nagaur, Rajasthan. Additionally, the company plans to utilise US$59.2 million to repay or prepay existing debts. The remaining capital will be allocated for general corporate purposes.

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Concrete

Cement industry to gain from new infrastructure spending

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As per a news report, Karan Adani, ACC Chair, has said that he expects the cement industry to benefit from the an anticipated US$2.2tn in new public infrastructure spending between 2025 and 2030. In a statement he said that ACC has crossed the 100Mt/yr cement capacity milestone in April 2025, propelling the company to get closer to its ambitious 140Mt/yr target by the 2028 financial year. The company’s capacity corresponds to 15 per cent of an all-India installed capacity of 686Mt/yr.

Image source:https://cementplantsupplier.com/cement-manufacturing/emerging-trends-in-cement-manufacturing-technology/

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