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DPIIT, Ministries & FIRST Construction Council to discuss sustainability with cement industry captains at Cement EXPO 2023 on Dec 14-15

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Join DPIIT, Ministries & industry leaders at Cement EXPO 2023 on Dec 14-15 for sustainability talks

Sh. Sanjiv (Jt Secretary, DPIIT), Emir Adiguzel (Founder & Director, World Cement Association); Neeraj Akhoury (President, Cement Manufacturers’ Association, & MD, Shree Cement); Lt General Raghu Srinivasan (DG, Border Roads Organisation); Jaxay Shah (Chairperson, Quality Council of India); and Nilesh Narwekar (CEO, JSW Cement), Pankaj Kejriwal, (Director, Star Cement), among others will be star speakers at Indian Cement Review Conference and Awards 2023.

The event will see the participation of cement majors like Ultratech, JSW Cement, Star Cement, JK Cement, JK Lakshmi Cement, Shree Cement, Wonder Cement, Birla Corporation, My Home Industries, Shree Digvijay Cement, Sagar Cement, etc.

More than 35 industry stalwarts will share their insights on the cement industry during Cement EXPO & ICR Conference 2023, which will be held from December 14-15, 2023, at Manekshaw Center, New Delhi.

Mumbai

As the Indian cement industry gears to add 145-155 million tonnes (MT) in fresh capacity with an investment of Rs 1.2 trillion, the 14th Edition of Cement EXPO – be held from December 14-15, 2023, at Manekshaw Center, New Delhi – will bring together industry leaders and other key stake holders on one platform to discuss the future trends and outlook for the sector.

Cement EXPO 2023, which will be co-located with the 9th Indian Cement Review (ICR) Conference and the 7th Indian Cement Review Awards, 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. The 14th Cement EXPO is supported by the Ministry of Road Transport & Highways, Government e Marketplace (GeM), and Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce and Industry, Government of India (GoI).

According to experts, India’s cement industry, the second largest in the world, will add 80-100 MT of capacity by 2024-25 (FY25) itself, driven by increased spending on housing and infrastructure. However, this expansion needs to come with minimum impact on the environment by using modern technologies and automation solutions. With the theme of “Driving Sustainability Through Technology”, Cement EXPO and ICR Conference 2023 will highlight on decarbonisation strategies to be adopted by the industry across business value chain – from procurement to manufacturing to distribution & logistics. Some of the key Guest of Honour speakers for the event will be:

  • Sh. Sanjiv, Joint Secretary, Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce, Government of India
  • Emir Adiguzel, Founder & Director, World Cement Association
  • Lt General Raghu Srinivasan, Director general, Border Roads Organisation
  • Neeraj Akhoury, President, Cement Manufacturers’ Association, & MD, Shree CementJaxay Shah, Chairperson, Quality Council of India
  • Dr Vibha Dhawan, Director General, TERI

Sanjay Pant, Deputy Director General, Bureau of Indian Standards

“With climate change issues posing big challenge to the industry, cement companies are putting in big innovation efforts directed towards mitigating the problem of climate change. 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, participate in Cement EXPO 2023 & ICR Conference to explore unlimited possibilities to grow your business,” stated Pratap Padode, Founder & President, FIRST Construction Council.

The event will see the participation of cement majors like Ultratech, JSW Cement, Star Cement, JK Cement, JK Lakshmi Cement, Shree Cement, Wonder Cement, Birla Corporation, My Home Industries, Shree Digvijay Cement, and Sagar Cement, among others.

ICR Conference will provide valuable insights into the transformative power of sustainable technology in the cement industry and highlight the importance of collaboration, innovation, and knowledge sharing to drive the industry towards a more sustainable future. In addition, the conference will delve into the latest innovations and practices that are reshaping the cement industry, enhancing efficiency and sustainability.

More than 35 industry stalwarts will share their insights on the cement industry during Cement EXPO & Indian Cement Review Conference. Some of the leading experts addressing the conference include: Dr LP Singh (Director General, National Council for Cement & Building Materials); Arun Shukla (President & Director, JK Lakshmi Cement); Naveen Kumar (Director, Udaipur Cement Works); K K Rajeev Nambiar (CEO & MD, Digvijay Cement); Shailendra Kumar Gupta (Chief Operating Officer & Cluster Head-North Zone, Ultratech); Anuj Khandelwal (Business Head – Grey Cement, JK Cement Ltd); Pankaj Kejriwal (Executive Director, Star Cement); Nilesh Narwekar (CEO, JSW Cement); Durgamadhab Mohanty (Senior VP – IT, Birla Corporation Ltd); Vimal Kumar Jain (Technical Director, Heidelberg Cement); Hemantkumar Aiyer (VP and Head R&D, Nuvoco Vistas Corp Ltd); Arun Attri (CIO, Wonder Cement Limited); Ulhas Parlikar (Global Consultant for Waste Management, Circular Economy, Policy Advocacy, AFRs & Co-processing); Ashwani Pahuja (Chairman & Managing Director, NextCem Consulting); K N Rao (Corporate Head EHS, AFR Energy Sustainability, My Home Industries); Manoj Vyas (Head – AFR Sourcing, Nuvoco Vistas); Dr S B Hegde (Prof Jain University & Visiting Professor Pennsylvania State University, USA); Manoj Rustagi (EVP & CSO, JSW Cement); Saurabh Palsania (Jt President, Shree Cement); Kaustubh Phadke (India Head, Global Cement & Concrete Association); Manish Chordia (Regional Sales Manager – Cement, South Asia & Africa, ABB India Ltd); Dr Bibekanand Mohapatra (Advisor & Consultant, CMO-Cell, Ultratech), etc.

The winners of the 7th Indian Cement Review (ICR) Awards – which 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 – will also be felicitated at the 14th Edition of Cement EXPO. With over 70 exhibitors, Cement EXPO (along with ICR Conference & Awards) is expected to attract more than 5,000 quality visitors. Cement Manufacturers Association (CMA) and Global Cement and Concrete Association (GCCA) have extended their support to the event.

Some of the companies sponsoring Cement EXPO 2023 include ABB, Gebr Pfeiffer, JK Cement, Flender, ATS Conveyors, ISGEC, Humboldt Wedag, TIDC (a Murugappa Group company), IKN Engineering, Taiheiyo Engineering Corporation, Loesche, and Star Cement among others. Exhibitors such as Rockwell Automation, Bosch Rexroth, Danfoss Drive, Elann Drive & Automation Pvt Ltd, Shanthi Gears, Diamond Group, Kanodia Cement Limited, Verder Scientific Pvt Ltd, Ringfeder Power, Singhania Systems, Elektromag Devices Pvt Ltd, Pentol Germany, etc, will be showcasing their latest technologies at the EXPO.

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.

To attend the Indian Cement Review Conference & Awards 2023 as a delegate, contact Ms Yasmin on +91 842 2874 010 or Yasmin.H@ASAPPinfoGlobal.com

For exhibition & sponsorship related enquiry about Cement EXPO 2023, contact Mr Sujoy Gomes on +91 86577 95881 or Sujoy.G@ASAPPinfoGlobal.com

Concrete

Cement Makers’ Margins To Fall Rs 50-75 Per Tonne Amid West Asia Conflict

Crisil Sees Margins Easing Despite Steady Demand

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Crisil said operating margins of Indian cement manufacturers are expected to decline by Rs 50-75 per tonne (t) this fiscal to Rs 925-950 per t due to higher input costs triggered by the West Asia conflict. The analysis covered 18 cement companies accounting for nearly 90 per cent of India’s domestic cement capacity and noted margins had improved sharply to around Rs 1,000 per t in fiscal 2026.

Crisil noted that the reduction would be driven mainly by higher power and fuel costs, which account for about 30 per cent of total costs, as petcoke and imported coal prices have surged amid geopolitical uncertainties. Freight costs, which account for about a quarter of total costs, are also expected to remain elevated because of higher diesel prices. The impact on profitability is likely to be more pronounced in the first half of the fiscal year before easing commodity prices moderate cost pressures later.

The rating agency said steady domestic demand and strong balance sheets should keep credit profiles stable despite the moderation in margins. Green energy currently accounts for 35-40 per cent of the sector’s total electricity consumption and is expected to partly cushion higher energy costs. Operating cash flows are likely to remain resilient, supported by projected 6-7 per cent growth in cement demand this fiscal.

Crisil highlighted that demand growth will be driven primarily by infrastructure spending, which meets about one-third of sector consumption, and by a nearly 18 per cent higher budgetary allocation for core ministries that should support project execution. Weaker rural housing demand amid pressure on agricultural incomes from a possible below-average monsoon may be offset by improved urban housing demand supported by favourable home-loan rates and a strong pipeline of Pradhan Mantri Awas Yojana-Urban projects. Ongoing capacity additions will keep capital expenditure elevated and may lift net debt to EBITDA to between 1.2 and 1.4 times from around 1.0 time last fiscal, though ratios are expected to remain healthy.

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Concrete

UltraTech Board Approves Rs 50 bn Fundraise Via NCDs

Company to issue half a million debentures for expansion plan

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UltraTech Cement’s board of directors has approved raising Rs 5,000 crore (Rs 50 bn) through non?convertible debentures issued in rupees.

The finance committee cleared a proposal to issue up to 500,000 fully paid, unsecured, listed, rated, redeemable, rupee?denominated, non?convertible, non?cumulative debentures of Rs 1 lakh each (Rs 0.1 mn each), aggregating to the Rs 5,000 crore programme.

As of June 2026 the firm reported net debt of Rs 15,875 crore (Rs 158.75 bn) and said its capacity expansion projects under execution are backed by capital expenditure of about Rs 17,000 crore (Rs 170 bn) over the next two to two?and?a?half years.

UltraTech spent Rs 9,500 crore (Rs 95 bn) on capital expenditure in financial year 2026 and in April the group crossed 200.1 mn tonnes per annum of domestic grey cement capacity and 205.5 mn tonnes per annum of global capacity.

The chief financial officer indicated the company would take consolidated capacity beyond 242 mn tonnes per annum, with grey cement capacity reaching 212.7 mn tonnes per annum by the end of financial year 2027. He noted the net debt?to?earnings before interest, taxes, depreciation and amortisation ratio stood at 0.87 times as of June 2026 and the company was confident of ending financial year 2027 with the ratio below one time.

In the first quarter of financial year 2026?27 UltraTech’s net profit attributable to owners rose 16.8 per cent year?on?year to Rs 2,599.3 crore (Rs 25.993 bn) and revenue from operations increased 15.9 per cent to Rs 24,648.20 crore (Rs 246.482 bn). The board approval is expected to complement internal cash flows as the company advances its expansion programme.

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Concrete

Lokesh Lays Stone For Rs 31 Billion Cement Unit In Kadapa

Line-2 expansion to make Kadapa a major cement hub

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Andhra Pradesh Education and IT Minister Nara Lokesh on Wednesday laid the foundation stone for the Line-2 expansion of Dalmia Bharat Cement at Chinnakomerla village in Mylavaram Mandal in Kadapa district. The project carries an investment of Rs 31 billion (bn) and is slated for completion by the third quarter of the financial year 2028. The expansion is intended to boost industrial growth and employment generation across the Rayalaseema region.

Once commissioned, the Kadapa facility will become Dalmia Bharat’s largest integrated cement manufacturing ecosystem in southern India, creating over 1,000 direct and indirect jobs and opening new business avenues for regional micro, small and medium enterprises and transport operators. Lokesh said the expansion signalled growing corporate confidence in the state and reflected the practical ease of doing business that secured repeat investment.

He placed the project within the government’s wider economic targets and recalled the Yuvagalam padayatra commitment to generate two million (mn) jobs within five years, noting that the state would cultivate talent while industry created opportunities. Lokesh highlighted Andhra Pradesh’s competitive pursuit of major manufacturing accounts, mentioning past successes and a personal initiative to engage global investors when persuading them to anchor expansion in the state.

The plant will leverage Kadapa’s abundant limestone reserves to scale production and sustainability. Clinker capacity is planned to rise from two point five million tonnes per annum (mn tpa) to six point one mn tpa, while overall cement output will increase from three point six mn tpa to nine point six mn tpa. The unit is designed to operate on over eighty per cent renewable energy and deploy waste heat recovery, zero liquid discharge, water recycling and advanced AI systems to optimise efficiency. Industries Minister TG Bharat, BC Welfare Minister S. Savitha and Jammalamadugu MLA C. Adinarayana Reddy attended the ceremony.

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