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14th Cement EXPO to kick-start from Dec 14, 2023 in New Delhi

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  • The 2-day Cement EXPO 2023 will bring together the cement manufacturers, technology/equipment providers and other key stakeholders (like policy makers, building & construction companies, project vendors, etc) under one roof to explore the unlimited business possibilities.
  • The Cement EXPO will be co-located with the 9th Indian Cement Review Conference and the 7th Indian Cement Review Awards.

Mumbai

The most eagerly-awaited 14th Edition of Cement EXPO, India’s leading exhibition for the entire cement industry ecosystem, will be held from December 14-15, 2023, at Manekshaw Center, New Delhi.

The EXPO is organised by FIRST Construction Council (an infrastructure think tank) and Indian Cement Review (ICR), India’s leading cement publication that has been serving the industry for the last 38 years. Cement EXPO 2023 is supported by Ministry of Road Transport & Highways and Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce and Industry, Government of India (GoI).

“Indian cement industry, the second largest in the world, will add 80-100 million tonnes (mt) of capacity by 2024-25 (FY25). With climate change issues posing big challenge to the industry, companies are putting in big innovation efforts directed towards decarbonisation across business value chain – from procurement to manufacturing to distribution & logistics. With an apt theme of “Driving Sustainability Through Technology”, Cement EXPO will bring together the cement manufacturers, technology/equipment providers and other key stakeholders (like policy makers, building & construction companies, project vendors, etc) under one roof to explore the possibility of the carbon-neutral growth path for the industry. So, come and exhibit at Cement EXPO 2023 and explore unlimited possibilities to grow your business,” stated Pratap Padode, Founder & President, FIRST Construction Council.

The Cement EXPO will be co-located with the 9th Indian Cement Review Conference (which will address the cement industry’s ambitions to deliver sustainable, low-carbon cement) and the 7th Indian Cement Review Awards (where fastest growing cement companies and industry stalwarts will be awarded). With over 100 exhibitors, Cement EXPO (along with ICR Conference & Awards) is expected to attract more than 5,000 quality visitors.

The 14th Cement Expo will witness participation of a diverse range of exhibitors representing different facets of the cement industry, including: Cement Equipment Manufacturers; Cement & Concrete Manufacturers; Raw Material Suppliers; Cement Testing and Quality Control Equipment Provider; Construction Equipment; Automation & IT Solutions Providers; Admixtures and Chemical Suppliers; Concrete Reinforcement and Structural Systems; Logistics and Transportation Service Providers; and Material Handling Solutions, among others.

The EXPO will attract key decision makers from the industry such as CEOs/MDs, Plant Managers, Technology Heads, CIOs, Procurement & Supply Chain Heads, Government Representatives (Union as well as States), Associations, Consultants, Construction & Infrastructure Companies; Industrial Estates; etc.

For more information on Cement EXPO 2023, you can reach out to Mr Sujoy Gomes (on Mob: 86577 95881; and email: sujoy.g@asappinfoglobal.com).

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India’s April-October Finished Steel Imports Reach 7-Year High

India is the world’s second-largest crude steel producer, had become a net importer in 2023/24.

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India’s finished steel imports during April-October reached a seven-year high of 5.7 million metric tons, according to provisional government data reviewed by Reuters on Wednesday. 
India, the world’s second-largest crude steel producer, had become a net importer in 2023/24, and this trend continued during the April-October period, the data indicated. 
From April to September, China had been the leading exporter of finished steel to India, and this was widely expected to remain the case during the April-October period. Further details would be revealed later in the month.
A senior government official had informed Reuters last month that India’s steel ministry was in favor of implementing a safeguard duty or a temporary tax to curb the rising imports of steel. 
India’s steel demand remained strong, primarily driven by infrastructure and the automotive sector, although it had slowed down in the United States and Europe.
The consumption of finished steel in India reached a seven-year high of 85.7 million metric tons during April-October, according to the data. Meanwhile, India’s finished steel exports during this period slumped to their lowest in seven years, totaling 2.8 million metric tons. The country’s finished steel production amounted to 82.7 million metric tons, marking a 4.4% increase compared to the previous year. Crude steel production stood at 84.9 million metric tons, reflecting a 3% year-on-year rise.

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NMDC Steel Q2 loss expands to Rs 5.95 bn, income at Rs 15.35 bn

The company had reported a loss of Rs 131.10 crore during the same period last year.

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NMDC Steel announced on Tuesday that its loss had widened to Rs 595.37 crore in the September quarter, primarily due to a surge in expenses. The company had reported a loss of Rs 131.10 crore during the same period last year, according to an exchange filing.

The company’s total income increased to Rs 1,535.46 crore, up from Rs 290.27 crore a year earlier. However, NMDC Steel’s expenses escalated to Rs 2,364.39 crore in the second quarter of the current fiscal year, compared to Rs 464.93 crore in the corresponding period of the previous year.

NMDC Steel Ltd, which was demerged from the mining firm NMDC, owns and operates the 3 million-tonne Nagar Steel Plant at Nagarnar in Chhattisgarh. The Nagarnar plant, set up with an investment of about Rs 23,000 crore, is referred to as India’s youngest steel unit. NMDC Steel commenced commercial operations at this unit on August 31, 2023.

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Shalimar Paints reports a net loss of Rs 196.2 Mn in Q2 FY25

It had registered loss after tax of Rs 252.2 million in the corresponding quarter of the previous fiscal.

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Shalimar Paints has reported net consolidated loss after tax of Rs 196.2 million during the quarter ended September 30, 2024.

It had registered loss after tax of Rs 252.2 million in the corresponding quarter of the previous fiscal, the company said in a BSE filing.

The company’s net consolidated total income stood at Rs 1.46 billion in Q2 FY25, a growth of 20.15% from Rs 1.21 billion it recorded in the similar quarter last year.

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