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Largest Cement Show Globally!

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As we delve into the third quarter of the fiscal year, the cement sector is poised to witness a notable 3 per cent quarter-over-quarter growth, with southern India emerging as a key contributor to this upward trajectory. A case in point is UltraTech Cement’s 6 per cent increase in cement sales during the third quarter of the 2024 financial year, mainly driven by domestic demand, spurring its capacity to 138Mt/year as of 1 January 2024.
The robust expansion in the cement industry is not merely a statistical trend but carries profound implications, especially in the context of India’s ambitious goal to achieve ‘net zero’ carbon emissions by 2070.
In the pursuit of a sustainable future, the government envisions a pivotal role for the cement industry, recognising its significance in infrastructure development. However, a critical challenge looms large – only 40 per cent of the annual CO2 emissions from India’s cement sector can be addressed through existing measures. To bridge this gap, experts at the 9th ICR Conference deliberated extensively on carbon capture, utilisation and storage (CCUS) as the indispensable solution for mitigating the remaining emissions.
The recent surge in discussions surrounding CCUS reflects the industry’s commitment to exploring innovative approaches to curb carbon footprints. The insightful perspectives shared at the conference, detailed in our coverage, shed light on the potential of CCUS to revolutionise the cement sector’s approach to sustainability.
We are grateful to the industry for the overwhelming response given to the 14th Cement EXPO. With more than 1500 visitors and 80 exhibitors from every vertical relevant to the cement industry, we witnessed a plethora of innovations, technology, new products and inspiring solutions that are paving the way for our industry’s march towards net zero targets.
The keynote speaker Emir Adiguzel, Founder & Director, World Cement Association, remarked that, “Given your visitor count, your show is easily the biggest show globally, in terms of attendance.”
The 15th Cement EXPO in 2025 will continue to be a beacon for furthering the cause of sustainability within the industry. The EXPO promises to be a platform where the latest technologies, strategies and solutions will converge, offering stakeholders a unique opportunity to witness the evolution of the cement sector towards a greener and more sustainable future.
I encourage our readers to stay informed about the dynamic landscape of the cement industry and its crucial role in India’s journey towards a ‘net zero’ future.

Follow me on twitter @PratapPadode

Concrete

Ramco Cements employee wins silver at Japan Para Badminton

He partnered with Paralympian Sukanth Kadam to win this medal.

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Dinesh Rajaiah, an employee of Ramco Cements, won Silver medal in the men’s doubles event in the Japan Para Badminton International 2024 held in Tokyo. He partnered with Paralympian Sukanth Kadam to win this medal. Notably Sukanth Kadam had finished 4th in the men’s singles in Paris Paralympic Games which concluded in September 2024.

Japan Para Badminton International 2024 was held in Tokyo from 22nd to 27th October 2024 where more than 200 players were in the fray.

Dinesh, despite suffering a shoulder injury and having his right shoulder heavily taped, treated the audience to a nail biting final. The duo was down 16-20 in the second set and fought back to take the game to the third set where they lost 16-21. Being the last match of the event, the pair won hearts of the audience for their never give up spirit.

Dinesh breaks into the top 15 in the BWF Para World Ranking in men’s singles category and is now ranked 14 in the world. Ramco Cements has been supporting Dinesh Rajaiah ever since he showed his talent in an inter unit tournament of Ramco Cements in 2017. The company had then encouraged him to take up professional badminton coaching and has been sponsoring him for all major international tournaments. Ramco Cements wishes Dinesh all success in future tournaments.

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Concrete

Asian Paints Sees 43.71% Profit Dip

Asian Paints reports significant profit decline in Q2.

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Asian Paints has reported a 43.71% year-on-year decline in its net profit for Q2 FY25, amounting to a substantial reduction in earnings. The leading paint manufacturer attributed this decline primarily to increased input costs, a competitive market environment, and a slowdown in consumer demand. Despite the lower profit, the company’s revenue saw a moderate increase, reflecting its ability to maintain strong market presence in the face of challenges.

The company’s margins have been impacted by rising raw material prices, particularly in key components used in paint production. Additionally, the ongoing economic conditions, coupled with sluggish demand in certain segments, have put pressure on profitability. However, Asian Paints remains optimistic about its long-term prospects, focusing on strategic innovations and expanding its market share in the premium product segments.

In response to these challenges, the company has reaffirmed its commitment to cost-efficiency and improving operational performance. Asian Paints continues to explore new avenues for growth, including enhancing its product portfolio and leveraging its extensive distribution network to drive sales across diverse consumer segments.

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Concrete

Ambuja Cements seeks CCI approval to acquire majority stake in Orient

Ambuja Cements’ stake would rise to 72.8 per cent, as per the notice filed with the CCI.

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Billionaire Gautam Adani-led Ambuja Cements has sought approval from the Competition Commission of India (CCI) for the acquisition of a majority stake in CK Birla group firm Orient Cement in a deal worth Rs 81 billion.

According to a notice from the CCI, the proposed transaction involves a two-stage acquisition process, which was initiated through two share purchase agreements (SPAs) on October 22, 2024. As part of the deal, Ambuja Cements will initially acquire a 46.80 per cent stake in Orient Cement. This includes a 37.90 per cent stake from the current promoter group and an additional 8.90 per cent from certain public shareholders.

The notice further stated that following the acquisition of shares, an obligation would be triggered for the acquirer to make an open offer under the Sebi’s SAST (Substantial Acquisition of Shares and Takeovers) rules, aimed at acquiring up to 26 per cent of the expanded share capital of the target company. If the open offer is fully accepted, Ambuja Cements’ stake would rise to 72.8 per cent, as per the notice filed with the CCI.

In October, the Adani Group, led by Gautam Adani, had announced the signing of a binding agreement to acquire Orient Cement (OCL) at an equity value of Rs 81 billion. This acquisition would increase Adani Cement’s capacity by 16.6 million tonnes per annum (MTPA), which is operated through Ambuja Cements.

Ambuja Cements, part of the diversified Adani Group, is a leading cement and building materials company in India. It operates 22 integrated cement plants, 10 bulk cement terminals, and 21 grinding units across the country.

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