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A Transformative Budget

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The recent budget announcements by Finance Minister Nirmala Sitharaman have established a robust framework for India’s infrastructure and housing sectors, signalling a transformative phase for the cement industry. The substantial increase in capital expenditure to Rs.11.11 trillion in FY25, up from `10 trillion in 2023-24, highlights the government’s steadfast commitment to fostering economic growth through strategic investments. This allocation, representing 3.4 per cent of the GDP, aligns with the vision outlined in the interim budget earlier this year and emphasises the prioritisation of infrastructure development.
A significant aspect of this budget is the enhancement of the Pradhan Mantri Awas Yojana (PMAY) – Urban by 8 per cent, primarily due to the Rs 40 billion Credit-Linked Subsidy Scheme (CLSS). This increase occurs even as allocations for welfare schemes like PMAY-Rural and MNREGA remain consistent with the interim budget. Such focused fiscal measures are crucial, given that housing and infrastructure together account for over 80 per cent of the nation’s demand for cement. Consequently, the cement industry stands to benefit substantially from these increased allocations, fostering optimism and driving growth within the sector.
The focus on Bihar and Andhra Pradesh with special infrastructure development packages is particularly notable. Bihar is set to receive
Rs.260 billion for four major projects, while Andhra Pradesh has been allocated Rs.150 billion for the fiscal year 2025 under the Andhra Pradesh Reorganisation Act. These investments are essential for regions that have experienced stagnation in state-funded projects over recent years.
The strategic investments by major companies, such as the Adani Group’s Rs.16 billion commitment for a grinding unit in Bihar, exemplify the industry’s positive response to these governmental initiatives. Such investments not only bolster the local economy but also reinforce stakeholder confidence in the long-term prospects of the cement industry.
The Union Budget’s substantial allocations and targeted initiatives pave the way for sustainable growth within the cement sector. This budgetary generosity enables the Indian cement industry to envision a future filled with opportunities, driving innovation and expanding capacities to meet the growing demand.
As we navigate this transformative landscape, it is crucial for all stakeholders to synergise efforts and harness these opportunities to their fullest potential. The road ahead is promising, and with concerted action, the cement
industry can continue to dream big and significantly contribute to India’s infrastructural renaissance.

Concrete

CCU testbeds in Tamil Nadu

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Tamil Nadu is set to host one of India’s five national carbon capture and utilisation (CCU) testbeds, aimed at reducing CO2 emissions in the cement industry as part of the country’s 2070 net-zero goal, as per a news report. The facility will be based at UltraTech Cement’s Reddipalayam plant in Ariyalur, supported by IIT Madras and BITS Pilani. Backed by the Department of Science and Technology (DST), the project will pilot an oxygen-enriched kiln capable of capturing up to two tonnes of CO2 per day for conversion into concrete products. Additional testbeds are planned in Rajasthan, Odisha, and Andhra Pradesh, involving companies like JK Cement and Dalmia Cement. Union Minister Jitendra Singh confirmed that funding approvals are underway, with full implementation expected in 2025.

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Concrete

JSW Cement gears up for IPO

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JSW Cement has set the price range for its upcoming initial public offering(IPO) at US$1.58 to US$1.67 per share, aiming to raise approximately US$409 million. As reported in the news, around US$91 million from the proceeds will be directed towards partially financing a new integrated cement plant in Nagaur, Rajasthan. Additionally, the company plans to utilise US$59.2 million to repay or prepay existing debts. The remaining capital will be allocated for general corporate purposes.

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Concrete

Cement industry to gain from new infrastructure spending

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As per a news report, Karan Adani, ACC Chair, has said that he expects the cement industry to benefit from the an anticipated US$2.2tn in new public infrastructure spending between 2025 and 2030. In a statement he said that ACC has crossed the 100Mt/yr cement capacity milestone in April 2025, propelling the company to get closer to its ambitious 140Mt/yr target by the 2028 financial year. The company’s capacity corresponds to 15 per cent of an all-India installed capacity of 686Mt/yr.

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