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We intend to use C&D waste as a raw material

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Neeraj Akhoury, Managing Director, Shree Cement, talks about their commitment to sustainability, advanced technology and quality assurance.

What are the various types of concrete mix manufactured by your organisation?
Shree Cement’s product, Bangur Concrete, introduces a range of specialised concrete solutions designed to meet the diverse applications and structural requirements of our customers. Our portfolio includes self-compacting concrete, temperature-controlled concrete, decorative concrete, fibre reinforced concrete, green concrete and high performance concrete.
Our application-specific concrete solutions help in timely completion of all projects, ensuring durable structures for every application in construction projects of all kinds.

Tell us about the key factors that make your concrete brand stand apart from its competitors in the industry.
Bangur Concrete is focused on setting up its own capex state-of-the-art manufacturing units equipped with modern machinery and advanced technology, backed by our world class cement manufacturing units. These units will be equipped to manufacture all types of special concrete, having advanced testing facilities, experienced best-in-industry technical manpower and digitised solutions. One of our USPs is our focus on providing sustainable green solutions to our customers by keeping our plants environmentally friendly and reducing carbon footprint through optimised mix designs and the use of best mineral admixtures.

Which type of concrete mix from your organisation is the revenue driver?
We will be producing concrete ranging from M5 to M80 grades, and special products as well. Typically, a majority of revenue comes from M20-M30 grade of concrete, which is being
used in most of the construction including IHBs.

Tell us about the key technologies used in the manufacturing process of your ready-mix concrete?
We have equipped our plants with various technologies to enhance efficiency and sustainability. These include concrete recycling plants for reusing waste concrete, dust filters for absorbing dust at silos for reuse, vehicle tracking systems for transparent service, quality management systems for quality assurance, advanced batching systems for accuracy in customer orders and filter press for water reuse.

What is the ratio of M-Sand or manufactured sand used in your concrete mix?
We plan to use ~29 per cent manufactured sand in our concrete mix.

How do you incorporate sustainability in your products?
We plan to make ~85 per cent of Bangur concrete using flyash and GGBS, two environmentally sustainable choices which emit less carbon dioxide. Additionally, we intend to use Construction and Demolition (C&D) waste as a raw material in our concrete, addressing environmental issues related to its disposal.

What are the major challenges faced by your concrete brands from manufacturing to delivering stages?
Major challenges that we face include traffic restrictions, space constraints for setting up plants in proximity to the city, changing construction schedules (such as night pours), meeting strict supply windows and navigating changing government norms like NGT ban in Delhi NCR. Additionally, the longer distance between RMC plants and major development areas due to unavailability of industrial lands poses another challenge. However, we have an excellent team in place who are well positioned to find sustainable and logical solutions to challenges that come our way.

What does the near future hold for the ready mix concrete vertical of your organisation?
One of the biggest contributions to our nation’s economy comes from the construction industry where concrete plays a very important part. Ready mix concrete (RMC) is crucial for speedy construction with consistent quality assurance. In India, RMC accounts for 20 per cent of construction consumption, whereas in developing nations it is as high as 75 per cent. We are optimistic that India will soon bridge this gap, boosting the country’s growth and development.
Shree Cement is one of India’s leading cement manufacturers. Foraying into the RMC business will propel us forward in our journey to becoming a multi-product company poised to play a significant role in shaping our country’s vision of having world class infrastructure across sectors like airports, ports, metro, roads, railways, etc. Shree Cement will set up ~100 Bangur concrete plants in the next three years, generating ~3000 direct and indirect employment opportunities. We will be operating in ~50 cities to serve our customers in various segments.

  • Kanika Mathur

Concrete

Nuvoco Vistas Reports Record Q2 EBITDA, Expands Capacity to 35 MTPA

Cement Major Nuvoco Posts Rs 3.71 bn EBITDA in Q2 FY26

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Nuvoco Vistas Corp. Ltd., one of India’s leading building materials companies, has reported its highest-ever second-quarter consolidated EBITDA of Rs 3.71 billion for Q2 FY26, reflecting an 8% year-on-year revenue growth to Rs 24.58 billion. Cement sales volume stood at 4.3 MMT during the quarter, driven by robust demand and a rising share of premium products, which reached an all-time high of 44%.

The company continued its deleveraging journey, reducing like-to-like net debt by Rs 10.09 billion year-on-year to Rs 34.92 billion. Commenting on the performance, Jayakumar Krishnaswamy, Managing Director, said, “Despite macro headwinds, disciplined execution and focus on premiumisation helped us achieve record performance. We remain confident in our structural growth trajectory.”

Nuvoco’s capacity expansion plans remain on track, with refurbishment of the Vadraj Cement facility progressing towards operationalisation by Q3 FY27. In addition, the company’s 4 MTPA phased expansion in eastern India, expected between December 2025 and March 2027, will raise its total cement capacity to 35 MTPA by FY27.

Reinforcing its sustainability credentials, Nuvoco continues to lead the sector with one of the lowest carbon emission intensities at 453.8 kg CO? per tonne of cementitious material.

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Concrete

Jindal Stainless to Invest $150 Mn in Odisha Metal Recovery Plant

New Jajpur facility to double metal recovery capacity and cut emissions

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Jindal Stainless Limited has announced an investment of $150 million to build and operate a new wet milling plant in Jajpur, Odisha, aimed at doubling its capacity to recover metal from industrial waste. The project is being developed in partnership with Harsco Environmental under a 15-year agreement.

The facility will enable the recovery of valuable metals from slag and other waste materials, significantly improving resource efficiency and reducing environmental impact. The initiative aligns with Jindal Stainless’s sustainability roadmap, which focuses on circular economy practices and low-carbon operations.

In financial year 2025, the company reduced its carbon footprint by about 14 per cent through key decarbonisation initiatives, including commissioning India’s first green hydrogen plant for stainless steel production and setting up the country’s largest captive solar energy plant within a single industrial campus in Odisha.

Shares of Jindal Stainless rose 1.8 per cent to Rs 789.4 per share following the announcement, extending a 5 per cent gain over the past month.

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Concrete

Vedanta gets CCI Approval for Rs 17,000 MnJaiprakash buyout

Acquisition marks Vedanta’s expansion into cement, real estate, and infra

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Vedanta Limited has received approval from the Competition Commission of India (CCI) to acquire Jaiprakash Associates Limited (JAL) for approximately Rs 17,000 million under the Insolvency and Bankruptcy Code (IBC) process. The move marks Vedanta’s strategic expansion beyond its core mining and metals portfolio into cement, real estate, and infrastructure sectors.

Once the flagship of the Jaypee Group, JAL has faced severe financial distress with creditors’ claims exceeding Rs 59,000 million. Vedanta emerged as the preferred bidder in a competitive auction, outbidding the Adani Group with an overall offer of Rs 17,000 million, equivalent to Rs 12,505 million in net present value terms. The payment structure involves an upfront settlement of around Rs 3,800 million, followed by annual instalments of Rs 2,500–3,000 million over five years.

The National Asset Reconstruction Company Limited (NARCL), which acquired the group’s stressed loans from a State Bank of India-led consortium, now leads the creditor committee. Lenders are expected to take a haircut of around 71 per cent based on Vedanta’s offer. Despite approvals for other bidders, Vedanta’s proposal stood out as the most viable resolution plan, paving the way for the company’s diversification into new business verticals.

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