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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

Jefferies’ Optimism Fuels Cement Stock Rally

The industry is aiming price hikes of Rs 10-15 per bag in December.

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Cement stocks surged over 5% on Monday, driven by Jefferies’ positive outlook on demand recovery, supported by increased government capital expenditure and favourable price trends.

JK Cement led the rally with a 5.3% jump, while UltraTech Cement rose 3.82%, making it the top performer on the Nifty 50. Dalmia Bharat and Grasim Industries gained over 3% each, with Shree Cement and Ambuja Cement adding 2.77% and 1.32%, respectively.

“Cement stocks have been consolidating without significant upward movement for over a year,” noted Vikas Jain, head of research at Reliance Securities. “The Jefferies report with positive price feedback prompted a revaluation of these stocks today.”

According to Jefferies, cement prices were stable in November, with earlier declines bottoming out. The industry is now targeting price hikes of Rs 10-15 per bag in December.

The brokerage highlighted moderate demand growth in October and November, with recovery expected to strengthen in the fourth quarter, supported by a revival in government infrastructure spending.
Analysts are optimistic about a stronger recovery in the latter half of FY25, driven by anticipated increases in government investments in infrastructure projects.
(ET)

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Steel Ministry Proposes 25% Safeguard Duty on Steel Imports

The duty aims to counter the impact of rising low-cost steel imports.

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The Ministry of Steel has proposed a 25% safeguard duty on certain steel imports to address concerns raised by domestic producers. The proposal emerged during a meeting between Union Steel Minister H.D. Kumaraswamy and Commerce and Industry Minister Piyush Goyal in New Delhi, attended by senior officials and executives from leading steel companies like SAIL, Tata Steel, JSW Steel, and AMNS India.

Following the meeting, Goyal highlighted on X the importance of steel and metallurgical coke industries in India’s development, emphasising discussions on boosting production, improving quality, and enhancing global competitiveness. Kumaraswamy echoed the sentiment, pledging collaboration between ministries to create a business-friendly environment for domestic steelmakers.

The safeguard duty proposal aims to counter the impact of rising low-cost steel imports, particularly from free trade agreement (FTA) nations. Steel Secretary Sandeep Poundrik noted that 62% of steel imports currently enter at zero duty under FTAs, with imports rising to 5.51 million tonnes (MT) during April-September 2024-25, compared to 3.66 MT in the same period last year. Imports from China surged significantly, reaching 1.85 MT, up from 1.02 MT a year ago.

Industry experts, including think tank GTRI, have raised concerns about FTAs, highlighting cases where foreign producers partner with Indian firms to re-import steel at concessional rates. GTRI founder Ajay Srivastava also pointed to challenges like port delays and regulatory hurdles, which strain over 10,000 steel user units in India.

The government’s proposal reflects its commitment to supporting the domestic steel industry while addressing trade imbalances and promoting a self-reliant manufacturing sector.

(ET)

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India Imposes Anti-Dumping Duty on Solar Panel Aluminium Frames

Move boosts domestic aluminium industry, curbs low-cost imports

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The Indian government has introduced anti-dumping duties on anodized aluminium frames for solar panels and modules imported from China, a move hailed by the Aluminium Association of India (AAI) as a significant step toward fostering a self-reliant aluminium sector.

The duties, effective for five years, aim to counter the influx of low-cost imports that have hindered domestic manufacturing. According to the Ministry of Finance, Chinese dumping has limited India’s ability to develop local production capabilities.

Ahead of Budget 2025, the aluminium industry has urged the government to introduce stronger trade protections. Key demands include raising import duties on primary and downstream aluminium products from 7.5% to 10% and imposing a uniform 7.5% duty on aluminium scrap to curb the influx of low-quality imports.

India’s heavy reliance on aluminium imports, which now account for 54% of the country’s demand, has resulted in an annual foreign exchange outflow of Rupees 562.91 billion. Scrap imports, doubling over the last decade, have surged to 1,825 KT in FY25, primarily sourced from China, the Middle East, the US, and the UK.

The AAI noted that while advanced economies like the US and China impose strict tariffs and restrictions to protect their aluminium industries, India has become the largest importer of aluminium scrap globally. This trend undermines local producers, who are urging robust measures to enhance the domestic aluminium ecosystem.

With India’s aluminium demand projected to reach 10 million tonnes by 2030, industry leaders emphasize the need for stronger policies to support local production and drive investments in capacity expansion. The anti-dumping duties on solar panel components, they say, are a vital first step in building a sustainable and competitive aluminium sector.

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