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Indian Cement Review Awards 2023

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The 36-year-old Indian Cement Review has been the business bible for the industry for decades. And the Awards are an integral part of the publication’s standing. This year, the success story repeated itself. From putting together an eminent jury panel and a stringent screening process to handing over the trophies to the esteemed winners, it was an inspiring journey all along for the 6th Indian Cement Review Awards 2023. ICR presents to you glimpses from the evening of celebrations.

The 6th Indian Cement Review Awards 2023 were held along with the 8th Indian Cement Review Conference and the 13th Cement Expo at Sheraton Hotel, Hyderabad on the 24th of February, 2023. The process of evaluation of participating companies started two months prior to the awards when the ICR jury panel was given the mandate of analysing the performances of various cement manufacturers during 2021-22.
The jury panel for the 6th Indian Cement Review Awards 2023 included:

  • Ashok Kumar Dembla, President & Managing Director, Humboldt Wedag India
  • Rajesh Pathak, Managing Director, Schenck Process India
  • Dheepan Ramalingam, Managing Director, Ringfeeder Power Transmission
  • Dr B N Mohapatra, Director General, NCB
  • Rajeev Toshniwal, Managing Director, Toshniwal Industries
  • Ganesh Jirkuntwar, Head Manufacturing, Dalmia Cement
  • Rajnish Kapur, Chief Operating Officer, J.K Cement
  • Ashwini Pahuja, Former Chief Sustainability Officer, Dalmia Cement (Bharat)
  • Vivek Bhatia, Managing Director, Thyssenkrupp Industries
KC Jhanwar,
Managing Director, UltraTech
Man of the Year 2022-23

The awards were given away by Pratap Padode, Founder & President, FIRST Construction Council, invited Sumit Bannerjee, Chairman, Editorial Advisory Board, Indian Cement Review, as the hostess for the evening announced each winning company’s name and its attributes.
KC Jhanwar, Managing Director, UltraTech, was bestowed with the Man of the Year 2022-23 Award. Although he was unable to join the event personally, his heartfelt acceptance speech was delivered to the audience. His stellar journey and achievements in the Indian cement industry continue to inspire business leaders across the country.

As the winners gathered on the stage for a picture-perfect moment with their trophies in hand, the evening progressed towards cocktails and dinner, bringing the curtains down on a highly engaging and successful day with the stalwarts of the Indian cement industry.

Large Category (Turnover over Rs 5,000 cr)
Fastest Growing Cement Companies
Ranking Company Name Designation
1 Ultratech Maccha Rao National Sales Head
2 JK Cement Kedar M Shahagadkar Vice President , Cluster Head
3 JK Lakshmi Cement Naveen Kumar Sharma Whole Time Director
3 Dalmia Bharat Mukesh Kumar Sinha Unit Head – Kadapa

Medium Category (Turnover between Rs 2,000 cr and Rs 5,000 cr )
Fastest Growing Cement Companies

1 JSW Cement Nilesh Narwekar CEO
2 Star Cement Surender Kumar Jain AVP- Commercial & Administration

Small Category (Turnover under Rs 2,000 cr )
Fastest Growing Cement Companies

1 Udaipur Cement Works Naveen Kumar Sharma Whole Time Director
2 Shree Digvijay Cement K K Rajeev Nambiar CEO, Managing Director

Presenting Partner
ExxonMobil Lubricants Private Limited
Gold Sponsor
JK Cement Limited
PhillipCapital India Pvt Ltd
Silver Sponsor
LiuGong India Pvt Ltd
Associate Sponsor
Humboldt Wedag India Pvt Ltd
Presentation Partners
Martin Engineering Company
India Pvt. Ltd.
Beumer India Pvt Ltd
Ecodea Projects & Control Private Limited
Logo Sponsor
Stotz Gears Private Limited

Quote

Nilesh Narwekar, CEO, JSW Cement

Truly honoured and humbled at receiving this award from the Indian Cement Review! After looking at the jury members, it is truly humbling that they recognised the effort and the growth. Mr Patode spoke about the methodology used to determine the winners and he mentioned the six-year window. I remember how big we were six years ago – from a 6.2 or 6.3 MT capacity to currently around 21 MT has been quite a journey for us. I would give the entire credit for this to my team who have put in all the hard work. It hasn’t been that easy. But we have learnt a lot, loved the journey and we look forward to having a more aggressive growth path going ahead.”

K K Rajeev Nambiar, CEO and Managing Director, Shree Digvijay Cement

It’s a very exciting moment for us; it’s exciting to see this category. In this industry, the focus is always on the biggies. This award brings the focus to companies like us who have a high appetite in terms of sustainability, growth and profitability. The excitement at winning the award is great!

Mukesh Kumar Sinha, Unit Head – Kadapa, Dalmia Bharat

Thank you to the jury for choosing Dalmia in the large category. Dalmia family is truly cherishing this moment. Kudos to Dalmia family for achieving this goal! Dalmia team on an excellent journey of sustainably making cement, and we are partnering the progress of new India. This journey will go on and on with new heights and new achievements.”

Kedar M Shahagadkar, Vice President and Cluster Head, JK Cement

It feels really great to get this award. This award acknowledges the fact that the able leadership and guidance of our managing director, Raghavji Singhania, and our CEO, Madhavji Singhania. The guidance and mentorship that they provide fuels a lot of good things in the team that has been building over the years. This award really shows that the leadership team is driving the business in a consistent way. It feels really nice to be here as apart from the cement companies all the key stakeholders of the industry are all here. To be rewarded amongst them feels really nice!

Concrete

Ramco Cements Campaign Wins Six Kyoorius Honours

Hard Worker campaign wins Grand Prix for Eco Plaster film

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The Ramco Cements Limited’s Hard Worker campaign has achieved a major milestone at the prestigious Kyoorius Creative Awards, winning six honours including the coveted Grey Elephant Grand Prix for the Eco Plaster film. The awards were announced and presented at the Kyoorius Creative Awards Night 2026 held on 23rd May 2026 at the Jio World Convention Centre, Mumbai.

Competing alongside some of the country’s leading brands and agencies, the campaign received recognition across multiple creative categories, reaffirming the power of authentic storytelling rooted in the lives of hardworking people. The Eco Plaster commercial, which highlighted the importance of water conservation through innovative construction solutions, emerged as the campaign’s biggest winner, securing most of the honours.

The campaign’s wins include: 
Grey Elephant (Grand Prix) – Eco Plaster 
Blue Elephant – Best Film – Eco Plaster
Blue Elephant – Best Direction – Eco Plaster
Blue Elephant – Best Music – Eco Plaster
Baby Elephant – Best Direction -Tortoise & Hare
Baby Elephant – Best Use of Humour – Eco Plaster

Established in 2014, the Kyoorius Creative Awards recognise and celebrate creative excellence across India’s advertising, marketing and communications industries. Presented by Zee Entertainment Enterprises and powered by the USA-based The Clio Awards, the awards are regarded among the country’s most respected creative honours.

Known for their ethical and neutral judging process, the Kyoorius Creative Awards evaluate work purely on merit through a non-hierarchical awards structure, without Gold, Silver or Bronze distinctions. The iconic Elephant symbolises memorable work that leaves a lasting impact on the industry.

The Hard Worker campaign by The Ramco Cements Limited was conceived around the insight that true strength and progress are built through everyday hard work. Through emotionally resonant storytelling, distinctive craft and culturally rooted narratives, the campaign connected strongly with audiences across markets. The integrated campaign was rolled out across television, digital platforms, outdoor media and extensive on-ground activations, helping strengthen the brand’s connect with consumers, engineers, masons and trade communities alike.

Commenting on the achievement, A V Dharmakrishnan, CEO of Ramco Cements, said: “Winning at the Kyoorius Creative Awards is a proud moment for all of us. The Hard Worker campaign was created as a tribute to the spirit of hardworking people who form the backbone of our industry and our nation. These recognitions reaffirm our belief that authentic, meaningful storytelling has the power to create a deep and lasting connection with people.”

Balaji K Moorthy, Executive Director – Marketing, Ramco Cements, added: “The Hard Worker campaign was built on a simple but powerful insight – that hard work deserves recognition and respect. We wanted the communication to feel rooted, emotional and culturally relevant while also pushing creative boundaries. Winning six honours, including the Grey Elephant Grand Prix, is a tremendous validation of the idea, the craft and the collaborative effort of everyone involved in the campaign.”

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Concrete

GP Petroleums Q4 PAT Rises 8%

Lubricant maker reports Rs 9.3 crore profit in Q4FY26

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GP Petroleums reported an 8 per cent rise in PAT to Rs 9.3 crore in Q4FY26, compared to Rs 8.6 crore in Q4FY25. Revenue from operations stood at Rs 163 crore, compared to Rs 183 crore in the corresponding quarter last year.

EBITDA for Q4FY26 increased to Rs 14.7 crore from Rs 13.2 crore in Q4FY25, while EBITDA margin improved to 9 per cent from 7 per cent. The company said its performance was supported by operational efficiencies, strong customer relationships and an expanding product portfolio.

For FY26, revenue from operations rose 5 per cent to Rs 643 crore, compared to Rs 610 crore in FY25. EBITDA stood at Rs 44.7 crore, against Rs 42 crore in the previous year. PAT was Rs 26.50 crore, marginally higher than Rs 26.30 crore in FY25.

The company said FY26 PAT was impacted by a wage provision of Rs 3.25 crore, representing about 12 per cent of PAT. GP Petroleums continues to see opportunities in industrial lubricants, process oils and premium automotive lubricants, though geopolitical developments and crude-linked raw material cost volatility may pose short-to-medium-term challenges.

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Concrete

Ramky Infra Order Book Crosses Rs 13,000 Crore

New order wins support resilient FY2026 performance

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Ramky Infrastructure reported a resilient FY2026 performance, supported by disciplined execution, cost efficiency and fresh order wins. The company secured new orders worth Rs 4,500 crore during Q4, taking its total order book above Rs 13,000 crore as of 31 March 2026.

Consolidated PAT grew 40 per cent year-on-year to Rs 283 crore in FY2026, compared to Rs 202 crore in FY2025. Standalone PAT rose 28 per cent to Rs 332 crore, while consolidated revenue from operations stood at Rs 1,846 crore. Standalone revenue from operations was Rs 1,679 crore.

During the year, the company secured orders worth Rs 6,500 crore across water, wastewater and industrial infrastructure. Key wins included a Rs 3,000 crore industrial park project from Maharashtra Industrial Development Corporation for a 1,000-hectare land parcel at Dighi Port Industrial Area, Maharashtra.

Ramky also secured a Rs 2,100 crore water and wastewater project from Hyderabad Metropolitan Water Supply and Sewerage Board for water transmission lines, and a Rs 1,400 crore EPC contract from Maharashtra Industrial Township Limited for the Dighi Port Industrial Area project.

The company generated Rs 160 crore through asset monetisation and Rs 165 crore through the stake sale of a stabilised asset, supporting equity requirements for new projects. The Board also recommended a final dividend of 10 per cent of the nominal value per share, subject to members’ approval.

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