Concrete

India Cements signs new wage agreement with trade union

Published

2 years ago

February 27, 2023

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India Cements has signed an important new wage settlement with trade unions under section (12(3)] of Industrial Disputes Act. The agreement was signed on Friday, 13 January, 2023, by N Srinivasan,Vice-Chairman and Managing Director, India Cements and the representatives of the trade unions affiliated to INTUC, LPF, CITU, MDMK and internal Unions in the Company’s plants, before P Arunkumar, Dy. Chief Labour Commissioner (Central), Chennai and D Srinivasulu, Dy. Chief Labour Commissioner (Central), Hyderabad. The four year agreement effective from April 1 2022, provides for a total increase of Rs 5,000 per month for the workmen employed in all the 10 cement plants of the Company. The agreement will benefit over 500 workmen. Further, the agreement provides for revising the variable DA payable from Rs 2.55 per point in CPI (1960 series) to Rs 2.75 per point. This is expected to fetch an additional Rs 5,000 per month per head at the end of the settlement period. This along with Rs 5,000 wage increase, an employee stands to get nearly Rs 10,000 increase at the end of the fourth year.
Apart from the agreement, the management has also announced a new Floater Mediclaim Policy to all the employees covered by the agreement for the annual insurance cover of Rs 3 lakhs per employee. The premium amount will be paid by the company. This will entail outgo of Rs 1.65 crore per annum for the company. N Srinivasan said, “For the last 30 years, I have been negotiating on behalf of the cement industry with all the central trade unions.”

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Star Cement launches ‘Star Smart Building Solutions’

Published

4 days ago

June 17, 2025

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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/

Concrete

Nuvoco Vistas reports record quarterly EBITDA

Published

4 days ago

June 17, 2025

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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.

Image source:nuvoco.com

Concrete

UltraTech Cement increases capacity by 1.4Mt/yr

Published

4 days ago

June 17, 2025

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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.