Concrete

We are focusing on cost-effective solutions

Published

2 years ago

January 16, 2023

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Abhishek Jain, COO, Satellite Developers, looks at the repercussions of the rising costs of cement on construction projects and the effective means through which developers can work around it.

How has the rise in cement and building materials cost impacted your business?
We understand that most of our projects are close to completion and therefore, there will be minimal impact. However, for under construction projects, the rising costs of cement and building materials will have a significant impact. We are proactively planning and managing these costs to mitigate the impacts and provide customers with competitive prices and quality products and services.

As the costs are expected to remain volatile for a few more months, is there any change in your strategy or approach towards the launch of new projects?
We have taken several measures to address the volatility of cement and building materials costs. We have tried to lock the prices with our vendors in certain cases. We are also closely monitoring prices and adjusting our strategies accordingly throughout the launch of new projects. We are focusing on cost-effective solutions while still delivering high quality end products. Additionally, we are exploring alternate sources of materials to reduce our reliance on conventional materials.

Tell us about the impact on timely delivery of developer projects.
The rising costs of cement and building materials have had an impact on the timely delivery of developer projects. This is true for other developers as well. We are working to ensure that the increased operational costs do not affect the quality of services we provide. We are actively managing our resources and focusing on cost-effective solutions to ensure timely delivery of projects while still maintaining a high level of quality.

How has the consumer behaviour changed with change in property costs? Do you expect the demand to decrease?
We have seen a shift in consumer behaviour due to the increase in property costs. Consumers are more conscious of their budgets and are seeking value for money when investing in properties. Although the demand for properties may decrease in the short term, we believe that if developers can offer quality products at competitive prices, there will be an increase in the demand for properties in the long term.

What is the major challenge that you have come across with the rising costs and how are you combating the same?
The major challenge we are facing with the rising costs for our real estate projects is finding cost-effective solutions that still provide high quality results. We have been exploring different ways to reduce costs, such as utilising new technologies and materials, negotiating with suppliers to get the best deals, and looking into other alternative options.

How do you envision the future of real estate development and consumer behaviour with the rising cost of cement and other construction materials?
We believe that real estate development and consumer behaviour in the future will be heavily impacted by the rising cost of building materials. A certain section of the consumers will rely more heavily on existing real estate, such as rentals and second homes, to meet their needs instead of buying new properties. However, a bulk of them will certainly opt for their own houses as they have realised the value of owning a home post the pandemic. Developers and investors will focus on creating more efficient, cost-effective designs and materials and will look for ways to maximise their return on investments.

-Kanika Mathur

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Tata Steel Closes Historic Steelworks in Britain

Tata Steel has halted operations at Britain’s largest steelworks.

Published

2 days ago

October 3, 2024

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Tata Steel has officially ceased legacy steelmaking operations at its Port Talbot facility in the UK, marking a significant transition for the company and the steel industry. The closure affects essential production components, including the Sinter Plant and Blast Furnace 4, as Tata Steel shifts focus towards more sustainable practices. This strategic move involves the introduction of Electric Arc Furnaces (EAF), which aim to improve efficiency and reduce carbon emissions, aligning with global trends in green manufacturing.

The impact of this closure is profound, with approximately 2,800 jobs set to be lost, causing considerable concern within the local community and among employees. Trade unions have expressed their sorrow, describing the cessation of operations as a “poignant day” for British steelmaking, underscoring the emotional weight of this decision.

In response to the challenges posed by the transition, Tata Steel is engaging with the affected workforce and local stakeholders to outline plans for the new EAF technology, while still retaining some secondary steelmaking operations. Additionally, the UK government has pledged financial support and training programs to assist those impacted by the job losses.

Tata’s commitment to this transition comes amid increasing scrutiny of the environmental impact of traditional steel production methods, emphasizing the need for greener practices in the industry. The shift from legacy processes to modern, sustainable solutions reflects a broader industry trend towards eco-friendly production and a commitment to reducing the carbon footprint of steelmaking in the UK and beyond.

Concrete

Tata Steel Concludes Legacy Steelmaking in UK

Tata Steel ceases operations at major UK plant.

Published

2 days ago

October 3, 2024

admin

Tata Steel has officially concluded its legacy steelmaking operations at the Port Talbot facility, the largest steelworks in the UK. This significant transition reflects Tata’s commitment to modernizing its production methods while addressing environmental concerns and reducing carbon emissions. The shift marks a pivotal moment in the UK’s steel industry, as traditional processes give way to more sustainable practices.

As part of this transition, Tata Steel is focusing on investing in greener technologies and improving operational efficiencies. The company aims to enhance its competitiveness in the evolving global steel market, where sustainability is becoming increasingly crucial.

The closure of legacy operations at Port Talbot has resulted in job losses, raising concerns among the workforce and local communities. However, Tata Steel’s strategy is aligned with long-term goals to create a more sustainable and economically viable steel industry in the UK. The company is exploring avenues to support affected employees through reskilling initiatives and potential new job opportunities within the evolving industrial landscape.

The end of legacy steelmaking at Port Talbot underscores the broader challenges facing the steel industry, including the need for modernization and the adoption of environmentally friendly practices. As Tata Steel moves forward, its commitment to innovation and sustainability will be key in shaping the future of steel production in the UK.

Concrete

JSW Cement adds 2MTPA capacity at Vijayanagar plant

JSW Cement has set a goal of increasing the overall grinding capacity to 40.85 Mn tonne.

Published

2 days ago

October 3, 2024

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JSW Cement said it has commissioned an additional 2 million tonne per annum (MTPA) capacity at its plant at Vijayanagar in Karnataka, boosting the total capacity of the plant to 6 MTPA. With the expansion made with an investment of Rs 4.61 billion, the overall installed grinding capacity of JSW Cement has gone up to 20.6 MTPA, the company said in a statement.
JSW Cement has set a goal of increasing the overall grinding capacity to 40.85 Mn tonne in the near term through greenfield and brownfield expansions across India.
“This new capacity at Vijayanagar is a significant step towards increasing our overall capacity to 40.85 MTPA while maintaining our commitment to sustainability.As we keep expanding, our focus will remain on innovative and sustainable manufacturing practices that support the global shift towards a circular economy,” JSW Cement CEO Nilesh Narwekar said.