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14th Cement EXPO

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The 14th Cement EXPO, organised by FIRST Construction Council and Indian Cement Review, was a mega event with over 1,500 visitors, conducted concurrently with the 9th Indian Cement Review Conference and 7th ICR Awards. Held at the Maneckshaw Centre, New Delhi, on 14 and 15 December, 2023, the event brought industry stakeholders together on a common platform.

The 14th Cement 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). The chief guests were then escorted to the sprawling two-tiered exhibition space, where top notch companies in the cement industry’s supply chain were present with their latest innovations and offerings. The chief guests interacted with the exhibitors, asking them questions about technological breakthroughs, sustainable solutions and new-age services that are helping India’s cement industry transform.
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).
Jaxay Shah, Chairperson, Quality Council of India, joined the event via a video message. In his message, he said, “The Cement Expo stands as a testament of the dynamic adaptive nature of our industry. It is crucial that ideas, best practices and technology come together to forge the future of the cement and construction centres.”

Conclusion
As the curtain fell on the 14th Cement EXPO, anticipation is mounting for the next edition, which promises to be larger and even more impactful. The success and resonance of this year’s expo lay the groundwork for an event that is bound to be bigger, drawing in greater participation, fostering more profound discussions and showcasing the continued evolution of the cement industry. With a forward-looking perspective, Indian Cement Review is confident that it will contribute significantly to the ongoing transformation of the industry.

What the industry has to say about the 14th Cement EXPO…

“Through the medium of the Cement EXPO, we can exchange our views and come to know about the new things being invented in the industry, so that we can implement those new technologies in our plants and use them. These will be more efficient, more power saving and also will help us open up our horizons. It is best to see these new inventions and the EXPO is helping us do that and give us immense insights about the sector also. I think they have chosen a very apt theme because nowadays sustainability and ESG has become very important, especially in the cement sector because there is a lot of pollution and use of fossil fuels. What we have been doing in the past is something different where now the owners and every stakeholder has to be responsible to take India to a level where our Prime Minister Mr Narendra Modi has envisioned the nation. We have started working inside the plants on becoming more carbon neutral and also have good projects of sustainability with ESG, which is one of the major parts in our theme. Indian Cement Review has chosen a very important aspect with their theme and this is commendable.

  • Vinita Singhania, Vice Chairman and Managing Director, JK Lakshmi Cement

“Definitely the Cement EXPO is very helpful for the industry as people from different industries come together and they are observing the panel discussions as well as presentations made by technology suppliers. New technologies, which are coming up, are also being explored here and there are so many takeaways that can be implemented in the respective industries. Thus, this EXPO is very helpful to have on a continuous basis. ‘Driving Sustainability Through Technology’ is a great theme. It is helping the cement industry, especially as the panel that has been put together has a collection of people from different backgrounds and industries coming together. This is beneficial for everyone who has participated in the EXPO. They have taken a lot of takeaways and have put up an opinion on what the next steps for sustainability are in terms of alternative fuels, green energy, carbon capture as well as research and development for new products.

  • Shailendra Kumar Gupta, Chief Operating Officer and Cluster Head-North Zone, Ultratech Cement

“The 14th Cement EXPO is definitely a very good initiative because not only for the industry, but also for the manufacturers, the suppliers, OEM providers, equipment manufactures etc. They are assembled here for these two days to share their thoughts and their best practices, which helps everyone come together as one ecosystem. It’s a very exciting event and I look forward to the next one as well! ‘Driving Sustainability Through Technology’ is a very pertinent topic. Data is getting generated from IoT, from sensors, from machines, so technology will play a huge role, not only in assimilating and managing the data but also in generating insights. We can move from descriptive analytics towards predictive and prescriptive analytics and use downtime assumptions, predictive analytics, safety aspects, use of AI and data technologies to meet objectives.”

  • Himanshu Ghawri, Partner, PwC

“The 14th Cement Expo is very relevant because it has raised issues related about sustainability and carbon emissions, especially considering the fact that our honourable Prime Minister Shri Narendra Modi has recently gone abroad and given some commitments regarding India’s carbon emissions coming down to Net Zero by 2050 or 2060. Therefore, different industries have to gear up to ensure that they help the country meet these targets. Cement industry, unfortunately, is responsible for a huge amount of carbon emissions, therefore, the responsibility also falls on the industry in a much larger manner.
I am very happy that ASAPP Info Global has organised this expo and conference at a very relevant and appropriate time to help raise the issues and bring in experts who are discussing these issues in detail and with thoroughness. I am sure that once the proceedings of the conference come up and are available to everyone, they will provide the thrust for getting the cement industry go further in their efforts to reduce their carbon emissions and meet the Net Zero targets.”

  • Sanjiv Garg, Secretary General, The Chartered Institute of Logistics and Transport and, former Managing Director, Pipavav Rail Corporation

“I have 24 years of experience in IT, securities and data analytics. My core field is digital transformation of the cement industry. I have taken up six end-to-end projects for that. I have seen that this is vital from a sustainability point of view and the cement industry is coming up with ways to leverage digital platforms for cost effective processes, higher efficiencies and improved task force. In such a scenario, the 14th Cement EXPO plays a vital role in getting peers, companies as well as other stakeholders and delegates from the companies to come together, collaborate and learn every new practice that will be implemented in the industry.
Technology has a huge role to play in any organisation. We should definitely think about cutting-edge applications for artificial intelligence, machine learning, robotic arms and data analytics. In this area, technology is going to play a major role in cost control, operational efficiency and process efficiency.”

Durgamadhab Mohanty, Senior VP – IT, Birla Corporation

“The theme ‘Driving Sustainability Through Technology’ is very relevant for us – an industry like ours that’s CO2 generating and hard-to-abate. There is a lot of stuff that the cement industry is doing and there is a lot of stuff that still need to be done. There is a lot of technology and knowledge that resides outside, which the cement companies are not aware of. A forum of this nature actually helps us get all these stakeholders together on the same platform. There is a lot of cross pollination of ideas. In the panel discussion and subsequent conversations, there are a couple of points that I have picked up for myself, which I will pursue. This would not have been possible if I hadn’t come here. We can collectively work together on delivering impact.
The way the Cement EXPO helps is that it gets different stakeholders involved – from the technology and process side to practising individuals and peripheral entities. It gets all of them together on a common theme about making cement operations more sustainable and it helps us solve problems. There is an appreciation of these issues on the supplier side, technology side and likewise on the user side within the cement industry.”

Nilesh Narwekar, CEO, JSW Cement

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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