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Indian Cement Review Touts Decarbonisation Mantra & Awards Growth

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Leaders of Indian cement industry brought together on single platform

The 8th Indian Cement Review Conference and 13th Cement Expo held in Hyderabad on 24th February, 2023 brought the thought leaders of Indian cement industry on a single platform to discuss the efforts towards sustainability and decarbonisation, with a laser focus on C.A.S.E. cost-efficiency, automation, skilling and energy-efficiency.

Indian Cement Review Conference

The day turned out to become the epicenter of the cement industry leaders wherein Shantanu Sharma, Brand Manager, ExxonMobil underscored the importance of taking assured steps towards sustainability. Dr Sriharsha Reddy, Director, IMT Hyderabad brought up a number of important issues pertaining to fund procurement through traditional methods and the challenges therein.

A high-octane panel discussion was revolved around C.A.S.E for sustainability and decarbonisation. It witnessed deep deliberations from Sudipta Ghosh, Partner, PwC; Dr BN Mohapatra, DG, NCCBM; KN Rao, Corporate Head, MY Home Industries; Manoj Rustgi, EVP & Chief Sustainability and Innovation Officer, JSW Cement; Manoj Vyas, LEAD – AFR Sourcing & BD, VICAT; Dr Sriharsha Reddy and Shantanu Sharma.

Saurabh Palsania, ED & Group Commercial Head, Dalmia Cement (Bharat) shared deep insights on carbon capture technology and how it can revolutionise the cement industry.

The event also witnessed showcasing of innovate products and services to revolutionise the cement and allied industries by various industry experts including Jayesh Patil, Asst. Manager, Flow Aids, Martin Engineering; Nischal Basavaraj, Regional Head – South, Liugong India; Sasi M Kumar, BDM – Cement, ExxonMobil; and S Chakravarti, MD, Ecodea Projects and Control.

The highlight of the day was the high-profile roundtable session, with the cement industry leaders sharing their rich views on demystifying digitalisation and maximising the value chain impact. This forum was participated by various influencers like Madhav Vemuri, Industry Digital Transformation Entrepreneur; Ashok Dembla, President & MD, KHD Humboldt Wedag; Ganesh Jirkuntwar, ED & Head Manufacturing, Dalmia Cement; Subhasis Chattopadhyay, Head – Projects, Birla Corporation; Karthick Raja, CIO, Orient Cement; SS Luthra, Global Cement Digital, ABB; and Vishal Bhargava, Associate Director, Global Industries, IBM.

On the cement logistics part, innovative supply chain strategies in the cement industry were shared by Gaurav Gautam, Head of Sales, Beumer Group, Raveen Reddy, CAO – Systems, Indian Railways; Praveen Garg, Sr VP – Logistics & Energy Sourcing, VICAT; and Vaibhav Agarwal, Research Analyst, PhillipCapital.

ICR Awards

Indian Cement Review Awards 2023 were presented to the fastest growing cement companies in various categories.

Large Category (over Rs 5000 cr turnover)
RankingBrand Name
1UltraTech Cement
2JK Cement
3JK Lakshmi Cement
3Dalmia Cement (Bharat)
Medium Category (between Rs 2000-5000 cr turnover)
RankingBrand Name
1JSW Cement
2Star Cement
Small Category (under Rs 2000cr turnover)
RankingBrand Name
1Udaipur Cement Works
2Shree Digvijay Cement

 KC Jhanwar, MD, UltraTech stole the show as recipient of the ‘Man of the Year 2022-23’ award.

Concrete

Adani Cement to Deploy World’s First Commercial RDH System

Adani Cement and Coolbrook partner to pilot RDH tech for low-carbon cement.

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Adani Cement and Coolbrook have announced a landmark agreement to install the world’s first commercial RotoDynamic Heater (RDH) system at Adani’s Boyareddypalli Integrated Cement Plant in Andhra Pradesh. The initiative aims to sharply reduce carbon emissions associated with cement production.
This marks the first industrial-scale deployment of Coolbrook’s RDH technology, which will decarbonise the calcination phase — the most fossil fuel-intensive stage of cement manufacturing. The RDH system will generate clean, electrified heat to dry and improve the efficiency of alternative fuels, reducing dependence on conventional fossil sources.
According to Adani, the installation is expected to eliminate around 60,000 tonnes of carbon emissions annually, with the potential to scale up tenfold as the technology is expanded. The system will be powered entirely by renewable energy sourced from Adani Cement’s own portfolio, demonstrating the feasibility of producing industrial heat without emissions and strengthening India’s position as a hub for clean cement technologies.
The partnership also includes a roadmap to deploy RotoDynamic Technology across additional Adani Cement sites, with at least five more projects planned over the next two years. The first-generation RDH will provide hot gases at approximately 1000°C, enabling more efficient use of alternative fuels.
Adani Cement’s wider sustainability strategy targets raising the share of alternative fuels and resources to 30 per cent and increasing green power use to 60 per cent by FY28. The RDH deployment supports the company’s Science Based Targets initiative (SBTi)-validated commitment to achieve net-zero emissions by 2050.  

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Concrete

Birla Corporation Q2 EBITDA Surges 71%, Net Profit at Rs 90 Crore

Stronger margins and premium cement sales boost quarterly performance.

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Birla Corporation Limited reported a consolidated EBITDA of Rs 3320 million for the September quarter of FY26, a 71 per cent increase over the same period last year, driven by improved profitability in both its Cement and Jute divisions. The company posted a consolidated net profit of Rs 900 million, reversing a loss of Rs 250 million in the corresponding quarter last year.
Consolidated revenue stood at Rs 22330 million, marking a 13 per cent year-on-year growth as cement sales volumes rose 7 per cent to 4.2 million tonnes. Despite subdued cement demand, weak pricing, and rainfall disruptions, Birla Jute Mills staged a turnaround during the quarter.
Premium cement continued to drive performance, accounting for 60 per cent of total trade sales. The flagship brand Perfect Plus recorded 20 per cent growth, while Unique Plus rose 28 per cent year-on-year. Sales through the trade channel reached 79 per cent, up from 71 per cent a year earlier, while blended cement sales grew 14 per cent, forming 89 per cent of total cement sales. Madhya Pradesh and Rajasthan remained key growth markets with 7–11 per cent volume gains.
EBITDA per tonne improved 54 per cent to Rs 712, with operating margins expanding to 14.7 per cent from 9.8 per cent last year, supported by efficiency gains and cost reduction measures.
Sandip Ghose, Managing Director and CEO, said, “The Company was able to overcome headwinds from multiple directions to deliver a resilient performance, which boosts confidence in the robustness of our strategies.”
The company expects cement demand to strengthen in the December quarter, supported by government infrastructure spending and rural housing demand. Growth is anticipated mainly from northern and western India, while southern and eastern regions are expected to face continued supply pressures.

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Ambuja Cements Delivers Strong Q2 FY26 Performance Driven by R&D and Efficiency

Company raises FY28 capacity target to 155 MTPA with focus on cost optimisation and AI integration

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Ambuja Cements, part of the diversified Adani Portfolio and the world’s ninth-largest building materials solutions company, has reported a robust performance for Q2 FY26. The company’s strong results were driven by market share gains, R&D-led premium cement products, and continued efficiency improvements.
Vinod Bahety, Whole-Time Director and CEO, Ambuja Cements, said, “This quarter has been noteworthy for the cement industry. Despite headwinds from prolonged monsoons, the sector stands to benefit from several favourable developments, including GST 2.0 reforms, the Carbon Credit Trading Scheme (CCTS), and the withdrawal of coal cess. Our capacity expansion is well timed to capitalise on this positive momentum.”
Ambuja has increased its FY28 capacity target by 15 MTPA — from 140 MTPA to 155 MTPA — through debottlenecking initiatives that will come at a lower capital expenditure of USD 48 per metric tonne. The company also plans to enhance utilisation of its existing 107 MTPA capacity by 3 per cent through logistics infrastructure improvements.
To strengthen its product mix, Ambuja will install 13 blenders across its plants over the next 12 months to optimise production and increase the share of premium cement, improving realisations. These operational enhancements have already contributed to a 5 per cent reduction in cost of sales year-on-year, resulting in an EBITDA of Rs 1,060 per metric tonne and a PMT EBITDA of approximately Rs 1,189.
Looking ahead, the company remains optimistic about achieving double-digit revenue growth and maintaining four-digit PMT EBITDA through FY26. Ambuja aims to reduce total cost to Rs 4,000 per metric tonne by the end of FY26 and further by 5 per cent annually to reach Rs 3,650 per metric tonne by FY28.
Bahety added, “Our Cement Intelligent Network Operations Centre (CiNOC) will bring a paradigm shift to our business operations. Artificial Intelligence will run deep within our enterprise, driving efficiency, productivity, and enhanced stakeholder engagement across the value chain.”

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