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JSW Cement Subsidiaries Achieves Milestones

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Setting the Stage for Rapid Growth

In a significant stride towards cementing its position as a leading player in the industry, JSW Cement, a subsidiary of JSW Group, has achieved several milestones that underscore its commitment to innovation, sustainability, and expansion. The recent announcement by Parth Jindal, Managing Director of JSW Cement, through his Twitter account has brought to light the company’s remarkable achievements and its strategic roadmap for the future.

Parth Jindal, Managing Director of JSW Cement, shared these exciting developments on his official Twitter account:

1. WHRS Commissioning at Shiva Cement: A Step towards Sustainability
Shiva Cement, a subsidiary of JSW Cement, has achieved a notable milestone with the successful commissioning of its waste heat recovery systems. These systems not only enhance operational efficiency but also contribute significantly to the reduction of carbon emissions. The utilization of waste heat to generate energy aligns with the company’s commitment to sustainability and minimizing its environmental footprint.

2. Record Clinker Production by Shiva Cement
In a noteworthy development, Shiva Cement is set to achieve its highest-ever clinker production this month. This accomplishment is a testament to the company’s dedication to optimizing production processes and increasing capacity. The increase in clinker production signifies not only enhanced operational efficiency but also the capability to meet growing market demand.

3. JSW Dolvi Expansion Success: Boosting Overall Capacity
JSW Dolvi, another subsidiary of JSW Cement, has successfully completed its expansion, increasing its capacity to 4.5 million tonnes per annum (MTPA). This expansion contributes to JSW Cement’s overall capacity, which now stands at an impressive 19 MTPA. The expansion of JSW Dolvi demonstrates the company’s strategic approach to cater to the growing infrastructure and construction needs of the nation.

4. Ongoing Projects: Fueling Future Growth
JSW Cement’s expansion plans are not limited to the present achievements. The company is actively engaged in further expansion projects that will significantly boost its production capacity. Work is progressing at a rapid pace at the grinding unit in Vijayanagar and the new clinker line in the UAE. These projects, scheduled to be completed by December 2023, are poised to elevate JSW Cement’s capacity to an impressive 21 MTPA.

5. Ambitious Vision: Aiming for 60 MTPA in Five Years
JSW Cement’s remarkable achievements and strategic expansions reflect its ambitious vision for the future. The company aims to become India’s greenest cement company while positioning itself as a major player on the global stage. With the ongoing projects and their successful completion, JSW Cement is on track to achieve a capacity of 21 MTPA, and its ambitious goal is to further increase this capacity to a staggering 60 MTPA within the next five years.

Conclusion
The successful commissioning of WHRS, the record clinker production at Shiva Cement, the expansion of JSW Dolvi, and the ongoing projects all contribute to the company’s overarching vision.

Concrete

15th Cement EXPO to be held in March 2025 in Hyderabad

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Cement EXPO 2025, which will be held along with the 10th Indian Cement Review Conference and the 8th Indian Cement Review Awards, promises to be bigger, drawing in greater participation, fostering more profound discussions and showcasing the continued evolution of the cement industry.

Mumbai

After the arousing success of the 14th Cement EXPO, which was held on December 14-15, 2023 at Manekshaw Centre along the 9th Indian Cement Review Conference and the 7th Indian Cement Review Awards, the next edition of Cement EXPO will be hosted in March 2025 in Hyderabad. The 15th Cement EXPO promises to be bigger and even more impactful than 2023 edition with more participating companies and larger exhibition area. The 3-in-1 event is organised by FIRST Construction Council (an infrastructure think tank) and Indian Cement Review (ICR).

The 14th Cement EXPO received big thumps up from the industry with over 1,500 senior managers/decision makers visiting the expo. The EXPO was inaugurated by Dr Vibha Dhawan, Director General, TERI; and Ali Emir Adiguzel, Founder and Director, World Cement Association, along with Pratap Padode, Founder, FIRST Construction Council (FCC). Top notch companies from the Indian cement industry’s supply chain presented their latest innovations and offerings in the sprawling two-tiered exhibition space.

The 14th Cement EXPO garnered significant support from the Ministry of Road Transport and Highways, Government e-Marketplace (GeM), and the Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce and Industry, Government of India (GoI).

The 7th Indian Cement Review Awards presented awards to 11 companies in different categories recognising their contribution to growth and innovation in the industry. While Parth Jindal (Managing Director of JSW Cement) was conferred with the Indian Cement Review – Person of the Year Award 2023, Vinita Singhania (Vice Chairman and Managing Director at JK Lakshmi Cement Ltd) was presented with the prestigious Lifetime Achievement Award.

With a theme centred on ‘Driving Sustainability Through Technology’, the 9th Indian Cement Review Conference hosted thought provoking discussions, panel sessions, and presentations, showcasing the industry’s commitment to embracing cutting-edge solutions.

The success and resonance of the 2023 edition has laid the groundwork for the 15th Cement EXPO 2025, which is bound to be bigger, drawing in greater participation, fostering more profound discussions and showcasing the continued evolution of the cement industry.

The EXPO, along with the 10th Indian Cement Review Conference and the 8th Indian Cement Review Awards, will contribute significantly to the ongoing transformation of the cement industry.

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Shree Cement breaks ground at two sites

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Shree Cement has recently commenced the construction of two new 3.5Mt/yr cement plants in Etah and Prayagraj, Uttar Pradesh, as per news reports. This development is in line with the company’s memorandum of understanding (MoU) with the Uttar Pradesh government, signed in February 2023. With the aim of achieving 9Mt/yr in installed capacity by February 2026, the company plans to invest an estimated US$241 million. Currently, Shree Cement operates a 2Mt/yr integrated cement plant in Bulandshahr.

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JK Lakshmi Cement records hike in profits

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JK Lakshmi Cement announced a significant increase in standalone net profit, which jumped by 69 per cent to Rs.124.06 Crores in the Oct-Dec 2023 quarter. The company achieved a 7 per cent increase in standalone net sales and reported a clinker capacity utilisation of 105 per cent and cement capacity utilisation of 79 per cent in the same quarter. The company attributed its improved profitability to higher volume, better product and sales mix, and a reduction in fuel costs.
In terms of sustainability initiatives, the company is implementing projects to enhance its TSR and WHR capacity, as well as sourcing solar power to increase the share of renewable energy at its Durg Cement Plant. Additionally, the company’s subsidiary, Udaipur Cement Works Ltd (UCWL), successfully commissioned its second clinker line and is expected to commission its cement grinding capacity expansion soon.
The company is also undertaking expansion projects, including increasing clinker capacity and establishing cement grinding units at various locations, with a proposed investment of Rs.2,500 crores. Funding for this project is proposed to be through term loans from banks and internal accruals. The company also announced an interim dividend of 40 per cent.

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