Concrete

Indian Cement Review: Person of the Year 2023

Published

1 year ago

March 19, 2024

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Parth Jindal, the dynamic Managing Director of JSW Cement, has rightfully received the Indian Cement Review – Person of the Year Award. JSW Cement, currently a
$600 million organisation with a capacity of 17 MTPA is slated to reach 25 MTPA by 2024, under Jindal’s stewardship. An MBA from Harvard Business School (2016) and a Bachelor of Arts in Economics and Political Science from Brown University (2012), he worked abroad for two years – first with a hedge fund in New York, and then with JFE Steel in Japan (JSW Steel’s JV Partners), before he joined the $23 billion JSW Group in 2012.
He is also Managing Director-JSW Paints (established in May 2019), Director-JSW Energy, and Director-JSW Ventures and JSW USA.
Passionate about sports, he founded JSW Sports, that owns and manages ISL 2018-19 Champions Bengaluru FC and Pro-Kabaddi League team Haryana Steelers; and he is Chairman and Co-Owner of Delhi Capitals. He is also the Founder of the Inspire Institute of Sport, a visionary project aimed at enhancing India’s Olympic calibre. Under his leadership, JSW Sports received the ‘Rashtriya Khel Protsahan Puruskar 2018’ from the President of India for its contribution to sports through corporate social responsibility.
Parth Jindal has been recognised as the youngest business leader on the ‘2019 Economic Times 40 under Forty’ list, one of GQ’s ‘50 Most Influential Young Indians for 2018’, and was honoured by News24 as the 2018 Youth Icon for his contribution to the nation. As Director of Bengaluru FC, Parth was elected unopposed as Vice-President of the Western India Football Association.
Under his visionary leadership, JSW Cement is poised to soar to greater heights, showcasing Jindal’s remarkable stewardship and strategic acumen.

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Concrete

Star Cement launches ‘Star Smart Building Solutions’

Published

4 days ago

June 17, 2025

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Star Cement has launched ‘Star Smart Building Solutions,’ a new initiative aimed at promoting sustainable construction practices, as per a recent news report. This venture introduces a range of eco-friendly products, including tile adhesives, tile cleaners and grouts, designed to enhance durability and reduce environmental impact. The company plans to expand this portfolio with additional value-added products in the near future. By focusing on sustainable materials and innovative building solutions, Star Cement aims to contribute to environmentally responsible construction and meet the evolving needs of modern infrastructure development.

Image source:https://www.starcement.co.in/

Concrete

Nuvoco Vistas reports record quarterly EBITDA

Published

4 days ago

June 17, 2025

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Nuvoco Vistas reported its highest-ever quarterly consolidated EBITDA of Rs.556 crore in Q4 FY25, with annual EBITDA at Rs.1,391 crore. Cement sales reached 19.4 MMT in FY25, with Q4 contributing 5.7 MMT. Revenue rose 4 per cent YoY to Rs.3,042 crore in Q4. Net debt reduced by Rs.390 crore to Rs.3,640 crore. The company received NCLT approval for acquiring Vadraj Cement, targeting 31 MMTPA capacity by FY27. Key marketing initiatives, expanding RMX and MBM businesses, and a focus on sustainability (457 kg CO2/tonne) drove performance. Nuvoco remains focused on premiumisation, operational efficiency, and market expansion.

Image source:nuvoco.com

Concrete

UltraTech Cement increases capacity by 1.4Mt/yr

Published

4 days ago

June 17, 2025

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UltraTech Cement has expanded its production capacity by 1.4 million tonnes per annum (Mt/yr) through a combination of debottlenecking efforts and operational efficiency upgrades across several of its plants. The enhancements include an addition of 0.6Mt/yr in grinding capacity at the Nagpur facility in Maharashtra and a combined 0.8Mt/yr at the Panipat and Jhajjar units in Haryana. With these upgrades, the company’s total domestic grey cement capacity has risen to 184.8Mt/yr, while its global capacity now stands at 190.2Mt/yr.