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A cornerstone of the Indian cement industry

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Some things are changing at FLSmidth Cement, but most remain the same, as the company’s Indian head, Manoj Taneja, explained to Indian Cement Review.

FLSmidth Cement is changing. Over recent years, the company’s pureplay strategy has separated its cement and mining businesses, and the cement business is now undergoing divestment: news that was met by some with uncertainty. However, according to Manoj Taneja, Head of India Cluster and Designated Partner in FLSmidth Cement India LLP, this has all been a “good move” that allows the cement business to “take control of our future”.
Taneja began his professional career as a service engineer at EEL India Ltd, a manufacturer of various material handling and bag packing systems acquired by FLSmidth in 2009. He has led the company’s Indian operations since 2022. “It is an exciting time at FLSmidth Cement. With pureplay and the divestment, we can now chart our own course. The most obvious example of this in our Indian business is consolidating our manufacturing footprint into a single facility near our corporate headquarters in Chennai. This allows us to focus exclusively on our cement clients, improving efficiency and responsiveness, simplifying logistics, and centralising our expertise into a single point of excellence. Chennai also offers good access to the rest of the country, making it easier for clients to visit our factory for inspections and performance testing.”
The corporate headquarters is also moving as the company seeks offices that better match its needs. “As we continue to embrace a flexible post-COVID working model, finding a workspace that supports this shift and provides our employees with a favourable working environment is essential,” Taneja explained. “We are staying in Chennai, however, and currently undertaking a site selection process that aims to limit the inconvenience caused to employees.”

A name you can rely on
Some things, however, remain constant. “We are still delivering the same industry-leading equipment and services as we have always done,” according to Taneja. Nowhere is this more obvious than the record-setting new clinker line at Shree Cement Ltd’s Nawalgahr plant in Rajasthan. Inaugurated in December 2023 with a guaranteed capacity of 11,500 tph, the plant is averaging daily clinker production of 13,695 tonnes. The line features a four-string preheater with low-NOX calciner, a 6m dia. x 88m long kiln, and the largest Cross Bar® Cooler ever delivered, with a grate area of over 325m2.
Shree Cement Ltd also recently signed their first group-level PlantLine™ service agreement in India, covering all current and future FLSmidth Cement automation solutions across seven plants. “PlantLine agreements aim to maintain the operational excellence of digital and automation solutions through a comprehensive, customisable range of services,” explained Tanega. “The Shree Cement agreement puts us just shy of 300 PlantLine agreements globally and shows the increasing significance of services that help improve and maintain plant performance.”
“One of the main benefits of our services is access to specialist (and potentially hard-to-acquire) skills and experience,” continued Taneja. “Our global network offers 24/7 access to support from a world-leading team of experts in all aspects of the cement-making process, plant, equipment, and automation systems, wherever you are in the world.”

Renewed focus on cement
Another outcome of the company’s pureplay transition is “keeping our cement clients front and centre of our activities; there is no competition with mining,” emphasised Taneja. “For example, here, in India, we recently ran nine client-focused webinars on diverse topics, all on the theme of enhancing equipment reliability. These sessions received an overwhelming response, attracting over 100 participants each, from all levels of client organisations, which indicates the widespread interest and engagement in the topics discussed.”
Webinars are a “great way to exchange and foster closer collaboration between us and our clients,” Taneja added. “However, we also understand the importance of face-to-face meetings and will attend several upcoming in-person conferences.”
This includes the upcoming 18th NCB International Conference and Exhibition in New Delhi, where FLSmidth Cement will present papers on various topics, including a paper on alternative fuels. “We are particularly excited about the impending commercial launch of our new FUELFLEX® Pyrolyzer, which uses hot meal from the lower preheater cyclones to dry and pyrolyze hard-to-burn refuse-derived fuels or biomass,” said Taneja. This innovative new equipment enables cement plants to achieve up to 100% fossil fuel replacement in the calciner, cutting CO2 emissions, diverting waste from landfills, and reducing fuel costs.
Other topics to be presented include a paper on the digital cement plant and another on supplementary cementitious materials, focusing on calcined clay. “We see growing interest in technologies that reduce the carbon intensity of cement,” explained Taneja. “Part of our core mission is to help the cement industry address and reduce its environmental impact. We are also fortunate to have some of the industry’s true sustainability leaders here in India, opening the way for collaborative innovation to solve these most pressing issues.”

A past to build the future on
“Change is a fact of life,” concluded Taneja. “This is particularly true in a dynamic and changing market such as the Indian cement industry. However, there are some things you can rely on throughout all the changes. One of those cornerstones is FLSmidth Cement. We remain committed to supplying equipment, services, and solutions that
improve the cement industry – just as we have always done.”

(Communication by the management of the company)

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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