Fornnax unveiled its SR-200 HD Dual-Shaft Primary Shredder at the India Rubber Expo in the presence of Ajay Shah, President, Reliance Industries, and Vishnu Bhimrajka, Chairman and Chief Convenor, India Rubber Expo 2024, along with a consortium of its prestigious clients. SR-200 HD marks a significant milestone in recycling technology.
The new HD model of the SR series replaces the standard SR200 model, was developed. The Primary Shredder SR-200 HD is more powerful and has the highest input capacity model in the SR series of Fornnax launches SR-200 HD Dual-Shaft Primary Shredder Ambuja Foundation had organised the ‘Sustainable Watershed Management for Climate Resilience’ event in Shimla, Himachal Pradesh, to discuss the prevailing water concerns in the region, the challenges faced and the critical connection between water management and climate change impact.
The major concerns discussed during the event shed light on the various factors contributing to the complex water dynamics in the region such as excessive soil erosion, dwindling rainfall patterns, recurring droughts and its adverse effects on agricultural productivity and soil moisture. The region suffers from erratic rainfall patterns combined with inadequate water management practices. Ambuja foundation along with National Bank for Agricultural and Rural Development (NABARD) have been working together to fund various watershed initiatives across the state. Ambuja Cement hosts ‘Watershed’ event machines. It is designed for tyre shredding applications. It can also be utilised for other applications, including high-volume municipal solid waste, wood pallets, industrial and commercial waste and many more. Fornnax is targeting largescale recyclers and cement plants that require high-capacity machinery
Shree Cement posted revenue of US$2.38 billion for FY2025, marking a 5.5 per cent decline year-on-year. Operating costs rose 2.9 per cent to US$2.17 billion, resulting in an EBITDA of US$528 million—down 12 per cent from the previous year. Net profit fell 50 per cent to US$141 million. The company reported cement sales of 9.84Mt in Q4 FY2025, a 3.3 per cent increase from 9.53Mt in Q4 FY2024, with premium products making up 16 per cent of total sales.
Sagar Cements has announced the appointment of Rekha Onteddu as a non-executive independent director, effective 30 June 2025. According to People in Business News, Rekha Onteddu is currently serving in a similar capacity at Andhra Cements, the parent company of Sagar Cements.
According to a Moody’s report, India’s cement consumption is projected to rise by 50 per cent over the next five years, increasing from 445 million metric tons per annum (MMTPA) in FY24 to 670 MMTPA by 2030. This growth is expected to be driven by government infrastructure spending and rising housing demand, with an anticipated annual growth rate of 6-7 per cent. To meet this demand, major cement companies are likely to continue acquiring smaller, less profitable firms.