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Achieving net zero is a collective responsibility

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Mayank Kamdar, Marketing Director, Lilanand Magnesite, talks about innovative solutions to address refractory-related challenges and enhance operational efficiency.

Tell us about Lilanand Magnesite.
We are a manufacturer of castable and gunning refractories, based in Porbandar, Gujarat. Our company has been in the business for nearly 25 years, specialising in the manufacturing and supply of high-performance castable refractories, which are primarily used in critical areas of cement plants. Over the years, we have also expanded our customer base to include industries such as steel, cement, and thermal power stations, where we address their refractory-related challenges.

Could you elaborate on some of the bottleneck issues that cement plants typically face and how your products help address these challenges?
Bottleneck issues often arise in specific equipment or areas that experience frequent failures. To address this, we study these areas closely to identify the root causes of the failures. Based on our findings, we develop solutions that either improve the refractory material itself or optimise the application methods in those critical areas. Our goal is to enhance the life and durability of the refractory materials used, thus helping to prevent unplanned shutdowns and minimise operational disruptions.

How does your company maintain consistently high quality or improve quality over time?
We maintain high quality through a rigorous procurement process. Every raw material we use is thoroughly tested before it is incorporated into our production. We work with a select group of reputable suppliers who have consistently provided quality materials over the years, ensuring that the final product meets our strict standards. Additionally, we focus on continuous improvement, constantly evaluating and refining our processes to ensure the highest quality in every batch.

With regard to innovation, are there any new developments or technologies that your company is working on to improve your products?
At Lilanand Magnesites, we are always striving to improve our products through continuous research and development. Currently, one of the key areas of focus is adapting our products to the increasing use of alternative fuels and municipal waste in cement kilns. Over the years, we have developed specialised products designed to withstand the challenging environments created by the burning of alternative fuels. For example, we offer anti-coating castables that are highly durable and suited for use in areas such as the kiln inlet, where AFR and municipal waste are burned.

How does your company contribute to sustainability and environmental conservation?
Our approach to sustainability is focused on manufacturing high-performance products that last longer than conventional refractories. By providing our customers with products that have a longer lifespan, we significantly reduce the need for frequent replacements. This ultimately lowers the refractory consumption per ton of cement produced, making our solution more sustainable. Additionally, by offering durable products, we reduce the overall environmental footprint associated with the manufacturing and disposal of refractories.

What challenges do you face in your industry, and how do you address them?
One of the biggest challenges in the refractory industry is the reliance on natural mineral resources. As these resources are finite, their quality can vary, which poses a challenge in ensuring consistent product quality. To address this, we explore new sources for raw materials and also develop synthetic products that offer consistent quality. Thus, we ensure that our products meet the high standards of our customers, even as natural resources become scarcer.

What is your view on the concept of net zero, and how is your company contributing to achieving this goal?
Achieving net zero is a collective responsibility that involves all stakeholders, from the bottom-most supplier to the top-most consumer. It is not something that can be achieved by any one individual or organisation alone. In our own factory, we have taken significant steps towards sustainability, such as installing solar energy systems that power the entire facility, eliminating our reliance on grid electricity. We also believe that using more durable products, rather than cheaper, less sustainable options, can contribute to reducing the environmental footprint. Every step in the supply chain, from production to consumption, must be geared towards minimising carbon emissions and waste, which will help us collectively achieve the net zero target.

– 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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