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We anticipate a shift towards eco-friendly formulations

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Amit Mehta, Vice President – Operations, Wonder Cement, talks about leveraging advanced lubrication solutions to optimise machinery performance and reduce environmental impact.

What kind of lubricants are used in your cement plants? What are their applications?
At Wonder Cement, we use specialised lubricants tailored to the demands of cement manufacturing. These include high-performance greases and oils designed to reduce friction in heavy machinery, prevent wear and tear on critical components, and ensure smooth operations throughout our cement plants. Each lubricant is carefully selected based on its application, whether it’s for bearings, gears, hydraulics or other essential machinery components. Our goal is to maximise efficiency, prolong equipment lifespan and maintain the highest standards of operational excellence.

Tell us about lubricant storage and quality maintenance in cement plants?
Lubricant storage and quality maintenance are paramount in our cement plants. We have dedicated storage facilities equipped with proper ventilation and temperature control to prevent contamination and degradation. Regular inspections and stringent quality control measures are implemented to maintain the integrity of our lubricants and ensure their efficacy in plant operations.

In terms of sustainability, what measures do you take to reduce the environmental impact of lubricant use in your facility?
At Wonder Cement, we prioritise sustainability in every aspect of our operations, including lubricant use. To reduce the environmental impact, we implement measures such as:

  • Adoption of eco-friendly lubricants formulated to minimise pollution and waste.
  • Implementation of efficient application techniques to reduce overuse and minimise leakage.
  • Regular monitoring and maintenance of equipment to ensure optimal lubricant performance and prevent environmental contamination.
  • Collaboration with suppliers to source lubricants with lower environmental footprints and higher biodegradability.
  • Continuous research and development to explore innovative solutions for further reducing
    the environmental impact of lubricant use in our facility.

Can external factors like heat, humidity,dust etc. have an impact on the functionality of lubricants?
Yes, external factors such as heat, humidity and dust can indeed impact the functionality of lubricants. These conditions can lead to accelerated degradation of lubricants, reduced viscosity, and increased susceptibility to contamination, ultimately affecting the performance and lifespan of machinery.
At Wonder Cement, we address these challenges through robust lubrication strategies designed
to withstand adverse environmental conditions, ensuring uninterrupted operation and optimal equipment performance.

How do you evaluate the cost-effectiveness of different lubricants, and what factors do you consider when making purchasing decisions?
We evaluate the cost-effectiveness of different lubricants through a comprehensive analysis. Factors considered include performance metrics, longevity, environmental impact, and overall operational efficiency. Our purchasing decisions prioritise value without compromising on quality or sustainability. Our goal is to strike a balance between cost-effectiveness and performance excellence.

Tell us about the changes and improvements that have been made in the lubrication technology.
We have proactively embraced advancements in lubrication technology to enhance operational efficiency and sustainability. Our dedication to research and development has enabled us to implement advanced formulations and innovative application methods, aimed at maximising equipment performance while minimising waste generation. Through the adoption of automated lubrication systems for critical applications, we prioritise efficiency optimisation and resource consumption reduction. Our ongoing commitment to integrating cutting-edge solutions underscores our dedication to maintaining industry-leading standards and minimising environmental impact.

How often are audits and reviews conducted for lubricant health at cement plants?
We conduct thorough and routine audits and reviews to assess the health of our lubricants with meticulous attention to detail. Adhering to a stringent schedule, audits are carried out at minimum quarterly intervals to guarantee the optimal performance and integrity of our lubricants. These regular assessments enable us to proactively detect and address any potential issues, thereby upholding the highest standards of operational efficiency and equipment reliability. Our steadfast commitment to regular audits underscores our unwavering dedication to excellence and sustainability in the field of cement manufacturing. Additionally, we have dedicated in-house laboratory facilities for testing of physical properties and monitoring of lubricant health.

– Kanika Mathur

Concrete

Construction Costs Rise 11% in 2024, Driven by Labour Expenses

Cement Prices Decline 15%, But Labour Costs Surge by 25%

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The cost of construction in India increased by 11% over the past year, primarily driven by a 25% rise in labour expenses, according to Colliers India. While prices of key materials like cement dropped by 15% and steel saw a marginal 1% decrease, the surge in labour costs stretched construction budgets across sectors.

“Labour, which constitutes over a quarter of construction costs, has seen significant inflation due to the demand for skilled workers and associated training and compliance costs,” said Badal Yagnik, CEO of Colliers India.

The residential segment experienced the sharpest cost escalation due to a growing focus on quality construction and demand for gated communities. Meanwhile, commercial and industrial real estate remained resilient, with 37 million square feet of office space and 22 million square feet of warehousing space completed in the first nine months of 2024.

“Despite rising costs, investments in automation and training are helping developers address manpower challenges and streamline project timelines,” said Vimal Nadar, senior director at Colliers India.

With labour costs continuing to influence overall construction expenses, developers are exploring strategies to optimize operations and mitigate rising costs.

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Concrete

Swiss Steel to Cut 800 Jobs

Job cuts due to weak demand

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Swiss Steel has announced plans to cut 800 jobs as part of a restructuring effort, triggered by weak demand in the global steel market. The company, a major player in the European steel industry, cited an ongoing slowdown in demand as the primary reason behind the workforce reduction. These job cuts are expected to impact various departments across its operations, including production and administrative functions.

The steel industry has been facing significant challenges due to reduced demand from key sectors such as construction and automotive manufacturing. Additionally, the broader economic slowdown in Europe, coupled with rising energy costs, has further strained the profitability of steel producers like Swiss Steel. In response to these conditions, the company has decided to streamline its operations to ensure long-term sustainability.

Swiss Steel’s decision to cut jobs is part of a broader trend in the steel industry, where companies are adjusting to volatile market conditions. The move is aimed at reducing operational costs and improving efficiency, but it highlights the continuing pressures faced by the manufacturing sector amid uncertain global economic conditions.

The layoffs are expected to occur across Swiss Steel’s production facilities and corporate offices, as the company focuses on consolidating its workforce. Despite these cuts, Swiss Steel plans to continue its efforts to innovate and adapt to market demands, with an emphasis on high-value, specialty steel products.

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Concrete

UltraTech Cement to raise Rs 3,000 crore via NCDs to boost financial flexibility

UltraTech reported a 36% year-on-year (YoY) decline in net profit, dropping to Rs 825 crore

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UltraTech Cement, the Aditya Birla Group’s flagship company, has announced plans to raise up to Rs 3,000 crore through the private placement of non-convertible debentures (NCDs) in one or more tranches. The move aims to strengthen the company’s financial position amid increasing competition in the cement sector.

UltraTech’s finance committee has approved the issuance of rupee-denominated, unsecured, redeemable, and listed NCDs. The company has experienced strong stock performance, with its share price rising 22% over the past year, boosting its market capitalization to approximately Rs 3.1 lakh crore.

For Q2 FY2025, UltraTech reported a 36% year-on-year (YoY) decline in net profit, dropping to Rs 825 crore, below analyst expectations. Revenue for the quarter also fell 2% YoY to Rs 15,635 crore, and EBITDA margins contracted by 300 basis points. Despite this, the company saw a 3% increase in domestic sales volume, supported by lower energy costs.

In a strategic move, UltraTech invested Rs 3,954 crore for a 32.7% equity stake in India Cements, further solidifying its position in South India. UltraTech holds an 11% market share in the region, while competitor Adani holds 6%. UltraTech also secured $500 million through a sustainability-linked loan, underscoring its focus on sustainable growth driven by infrastructure and housing demand.

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