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Indian Cement Review Touts Decarbonisation Mantra & Awards Growth

Leaders of Indian cement industry brought together on single platform

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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)

Ranking

Brand Name

1

UltraTech Cement

2

JK Cement

3

JK
Lakshmi Cement

3

Dalmia Cement (Bharat)

 

Medium Category (between
Rs 2000-5000 cr turnover)

Ranking

Brand Name

1

JSW Cement

2

Star Cement

 

Small Category (under
Rs 2000cr turnover)

Ranking

Brand Name

1

Udaipur Cement Works

2

Shree Digvijay Cement

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

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Jindal Stainless Launches First Stainless Steel Fabrication Unit in Mumbai

It will also serve as a centre of excellence for skill development, preparing India’s workforce for sustainable infrastructure projects.

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October 7, 2025

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Jindal Stainless, India’s largest stainless steel manufacturer, through its subsidiary Jindal Stainless Steelway (JSSL), has inaugurated its first stainless steel fabrication unit at Washivali, Patalganga, Mumbai. The 4 lakh sq ft facility is designed to serve the bridge sector, fabricating critical components such as girders, arches, nuts, bolts, and handles. The unit was inaugurated by CEO & CFO Tarun Khulbe in the presence of senior leadership.

Developed with an initial investment of Rs 1.25 billion, the facility strengthens Jindal Stainless’ position as a provider of end-to-end fabrication solutions for India’s growing infrastructure sector. The unit is expected to scale from 4,000 tonnes in FY25 to 18,000 tonnes annually by FY26-27, creating over 250 direct jobs and benefiting 150+ families indirectly. It will also serve as a centre of excellence for skill development, preparing India’s workforce for sustainable infrastructure projects.

Abhyuday Jindal, MD, Jindal Stainless, said, “This fabrication unit represents another step in our efforts to provide integrated solutions for customers. Bridges are critical connectors, and this facility ensures end-to-end quality management for safer and longer-lasting structures.”

Tarun Khulbe, CEO & CFO, added, “By combining material excellence with skilled fabrication and streamlined processes, we are bridging the gap between stainless steel production and high-quality infrastructure delivery.”

Jindal Stainless has supplied stainless steel for landmark projects nationwide, offering corrosion-free, durable solutions with lifespans exceeding 100 years. The Mumbai facility marks the company’s entry into direct fabrication, offering complete solutions to infrastructure developers. Future expansions will include solar-powered operations, aligning with the company’s ESG goals and commitment to sustainable growth.

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Kretinsky Exits Thyssenkrupp Steel Stake as JV Plans Stall

Stake sale clears path for talks with India’s Jindal Steel

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6 days ago

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October 6, 2025

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Czech billionaire Daniel Kretinsky has sold his 20 per cent stake in Thyssenkrupp Steel Europe and abandoned plans for a 50:50 joint venture, the companies announced. The decision enables Thyssenkrupp to intensify discussions with Jindal Steel International for a possible acquisition.
The move follows stalled negotiations between Thyssenkrupp and Kretinsky’s EP Group amid union opposition. The European steel sector continues to face high energy costs, cheap Chinese imports and delayed hydrogen-based decarbonisation.

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Nippon Steel Buys 30% Stake In Canada’s Kami Iron Ore Project

Nippon Steel invests C$42 million in Canada’s Kami iron ore project.

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October 3, 2025

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Japan’s largest steelmaker, Nippon Steel, has acquired a 30 per cent stake in Canada’s Kami iron ore project, forming a joint venture with Australia’s Champion Iron and trading house Sojitz to secure supplies of high-grade ore for direct reduced iron production.
Through its subsidiary NS Canadian Resources, Nippon Steel has paid C$42 million (Rs 2.5 billion) of the total C$150 million (Rs 9 billion) investment, with the remaining C$108 million (Rs 6.5 billion) subject to an additional investment decision based on a feasibility study.
The deal builds on a December agreement in which Nippon Steel and Sojitz purchased a 49 per cent interest in the project from Champion Iron for C$245 million (Rs 14.7 billion). Under the new joint venture, Kami Iron Mine Partnership, the companies will advance the feasibility study for the Newfoundland and Labrador project.
Nippon Steel said the project’s high-grade ore is ideal for producing direct reduced iron, which, together with high-quality scrap, is crucial for operating large electric arc furnaces. The company plans to expand such furnaces to lower carbon emissions as part of its decarbonisation strategy.

Having recently acquired U.S. Steel, Nippon Steel has been strengthening its stakes in coking coal and iron ore mines worldwide to ensure long-term security of critical raw materials. 

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