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Jury selects Indian Cement Review award winners; Awards to be presented at Cement EXPO 2023

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The Jury selected the winners of Indian Cement Review’s “Person of the Year”, “Lifetime Achievement Award” and “Fastest Growing Cement Companies” awardsICR award winners will be felicitated at the 14th Edition of Cement EXPO, India’s leading exhibition for the entire cement industry ecosystem that will be held from December 14-15, 2023, at Manekshaw Center, New Delhi.

Mumbai
The Jury – comprising head honchos of the infrastructure, construction and cement industries – met recently at Shangri La hotel in New Delhi to deliberate on and select the winners of the 7th Indian Cement Review (ICR) Awards. The awards are given for the fastest growing cement companies and stalwarts (under “Person of the Year” and “Lifetime Achievement” categories) for their contribution in the cement industry. ICR award winners will be felicitated at the 14th Edition of Cement EXPO, India’s leading exhibition for the entire cement industry ecosystem that will be held from December 14-15, 2023, at Manekshaw Center, New Delhi.

FIRST Construction Council (an infrastructure think tank) and Indian Cement Review, India’s leading cement publication that has been serving the industry for the last 38 years, are the organisers of the Cement EXPO and ICR Awards & Conference.

This year’s Jury for selecting ICR awards included prominent personalities like Debobroto Banerjee (Director & CEO, EWAC Alloys Ltd); Sumit Banerjee (Former Vice Chairman, Reliance Infrastructure, & Board of Governor, FIRST Construction Council); Dr LP Singh (Director General, NCCBM); KK Taparia (Advisor at Vadraj Cement); Dr Jayprakash Rao (Group President, International, Dineshchandra R. Agrawal Infracon Pvt Ltd); Nagesh Veeturi (Executive Director – Civil, KEC International Ltd); Rahul Ratnakar Deshmukh (MD, Fives India Engineering & Projects Pvt Ltd); and Pratap Padode (Founder & President, FIRST Construction Council).

ICR’s fastest growing cement companies awards are given in three categories – Large (companies having turnover above Rs 5000 crore), Medium (companies having turnover between Rs 2000 crore to Rs 5000 crore), and Small (companies having turnover below Rs 2000 crore). ICR “Person of the Year Award” recognises the heroes of cement industry who have made remarkable achievements during the year. ICR “Lifetime Achievement Award” is presented to the individual who has provided outstanding service to the cement industry for the sustained period of years and has had a significant impact on a large number of individuals and organisations.

After in-depth analysis and thorough deliberations, the Jury selected the winners of the 7th Indian Cement Review Awards.

While the winners of ICR’s “Fastest growing cement companies”, “Person of the Year” and “Lifetime Achievement Award” were selected by the Jury during the meeting, nominations for other prestigious awards are still open. Companies can still nominate themselves under following categories:Innovation of the yearCSR Company of the yearGreen Factory of the yearProduct of the yearExcellence in Sustainability

To nominate for the above awards and to exhibit & know more about Cement EXPO, click here.

With the theme of “Driving Sustainability Through Technology”, Cement EXPO 2023 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). The EXPO is expected to have over 100 exhibitors and 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.

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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Concrete

Steelmakers’ Debt Rises 25% Amid Capex Drive

The debt levels of steelmakers will rise by more than Rs 40,000 crore this fiscal year

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Domestic steelmakers are expected to see a significant rise in their net leverage to over 3x this fiscal year, driven by a 25% increase in debt due to ongoing capital expenditure (capex) projects. According to a report by Crisil Ratings, the debt levels of major steelmakers will rise by more than Rs 40,000 crore this fiscal year, marking a return to levels seen in fiscal 2020. This increase in debt is largely due to the ongoing capex cycle, with Rs 70,000 crore planned for the current and next fiscal years, aimed at expanding steelmaking capacity by 30 million tonnes per annum (mtpa) by fiscal 2027.

While the rise in debt may strain financial metrics, steelmakers are expected to improve efficiency and increase capacity, boosting long-term growth. However, profitability has come under pressure due to falling steel prices and rising imports. Steel prices are expected to fall by 10% this fiscal year, driven by increasing imports, especially from China. Despite an increase in demand and volume, lower realizations are expected to reduce operating profit margins.

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Concrete

NCB Signs MoUs for Decarbonisation in Cement Industry

One MoU was signed between NCB and GCCA India

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The National Council for Cement and Building Materials (NCB), under the Ministry of Commerce & Industry, has signed two landmark Memorandums of Understanding (MoUs) to advance decarbonisation and technological innovation in the Indian cement industry. The MoUs were signed during the 18th NCB International Conference and Exhibition on Cement and Concrete, held at Yashobhoomi, IICC Dwarka.

One MoU was signed between NCB and the Global Cement and Concrete Association (GCCA) India to promote research on decarbonization efforts within India’s cement sector, aiming for a “Net Zero” industry by 2070.

The second MoU, signed with AIC-Plasmatech Innovation Foundation, focuses on exploring the application of Thermal Plasma Torch Technology in cement production, which could enhance the sustainability and efficiency of the manufacturing process.

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Concrete

MPCB Bans New Ready-Mix Concrete Plants in MMR

Existing plants are required to implement anti-dust measures

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In response to worsening air quality, the Maharashtra Pollution Control Board (MPCB) has announced a ban on the establishment of new ready-mix concrete (RMC) plants within the municipal corporation limits of the Mumbai Metropolitan Region (MMR). Existing plants are required to implement anti-dust measures and conduct water sprinkling on vehicle tyres over the next three months.

Failure to comply with these new regulations could result in the seizure of bank guarantee deposits and potential plant closures, MPCB officials warned.

MPCB’s directives also stipulate that new captive RMC plants outside municipal areas must allocate at least 10% of their land for plant construction and enclose the site with tin or similar materials. Non-compliance will be met with a bank guarantee of Rs 10 lakh.

New commercial RMC plants must maintain a 500-meter buffer zone from populated areas and ensure compliance with environmental standards. All plants must also monitor air quality at their boundaries.

MPCB has stressed the importance of collaborating with civic authorities in MMR to curb pollution and maintain air quality standards.

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