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The systems we design are energy-efficient by nature

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Rahul Rajgor, Managing Director, Fives Combustion Systems, discusses their focus on innovation, energy efficiency and sustainability, emphasising the role of customer collaboration in developing tailored solutions.

Tell us about the innovations and solutions you are providing to the cement industry?
At our company, innovation is not just a concept—it is the cornerstone of our operations. We see ourselves as pioneers within the cement industry, and this mindset extends across all sectors we serve. We truly believe that the best innovations come directly from our customers. Their needs and feedback drive the improvements and new ideas we bring to market. Every year, we make it a priority to introduce fresh innovations, not only within the cement industry but across other industries as well. Our approach to innovation is deeply rooted in collaboration with customers, which we consider partners, and this partnership is essential to our success. We are always ready to take on challenges and tackle the most complex issues in the industry.

How are your solutions aimed at improving energy efficiency in the cement industry?
Energy efficiency and sustainability are at the core of our philosophy. We understand that reducing energy consumption is essential for the future of our planet, and it is something we focus on in every solution we offer. The systems we design are energy-efficient by nature, and we do everything we can to ensure that each system is optimised for maximum performance. Through extensive in-house calculations and analysis, we continually improve our technologies to meet and exceed energy-efficiency standards. Our commitment to the energy sector has been long-standing, and as pioneers in this field, we specialise in providing highly efficient burners and combustion solutions that are specifically designed to reduce CO2 emissions. By doing so, we help cement plants significantly lower their carbon footprints and contribute to global sustainability efforts.

Could you share some of the sustainability or decarbonisation initiatives that your organisation has implemented?
Sustainability is a key priority for us, and we have been actively engaged in decarbonisation efforts for many years. We launched our sustainability program five years ago, with a clear focus on reducing the environmental impact of our operations. Over time, we have become leaders in this space, particularly with the advent of hydrogen technology. We were one of the pioneers in the hydrogen sector, not only in developing hydrogen combustion solutions but also in the liquefaction of hydrogen for use in various industrial applications. In fact, we were the first company in India to sell a hydrogen burner, which was used for a 52-megawatt boiler application. Beyond hydrogen, we are also focused on finding alternative solid fuels for cement manufacturing. We are currently working on developing hybrid technologies that combine hydrogen, alternative solid fuels, and fossil fuels. This combination is crucial for reducing the carbon footprint in the cement industry. We are continuously investing in research and development to create innovative solutions that can accelerate the global shift toward decarbonisation.

How do you tailor your innovative solutions to meet the unique needs of the cement industry?
One of the fundamental aspects of our innovation process is our close partnership with customers. Innovation does not exist in a vacuum—it is driven by the real needs and challenges faced by our customers. We firmly believe that innovation often arises from even the smallest ideas proposed by users. We make it a point to listen carefully to our customers, as their feedback is invaluable. For instance, one of the key innovations we developed—a custom-made burner—was created in collaboration with our customer Holcim Europe. We tailored this burner specifically to meet their needs, which illustrates how we approach innovation: our solutions are not one-size-fits-all. We provide bespoke solutions that are customised to each customer’s specific requirements, making sure that every solution we offer is the best possible fit for the individual circumstances of the customer. This is a significant differentiator for us in a market where many competitors offer generic solutions.

You mentioned a burner developed with the help of your customers. Could you tell us more about it?
Yes, we have developed several advanced technologies in collaboration with Holcim Europe, one of our key partners. A perfect example of this is the custom-built burner we designed together. It was created specifically to meet the unique requirements of Holcim’s operations, ensuring that it delivered optimal performance for their systems. This burner, like all of our innovations, is a result of close collaboration between our engineering teams and the customer. It serves as a reminder that the best solutions often come from understanding the specific needs of the customer and working together to design a tailored solution that achieves the desired results.

Given the level of innovation, what challenges do you face, particularly in the Indian market?
In the Indian market, one of the biggest challenges we face relates to the shortage of sorted waste for use as Alternative Solid Fuel (ASF) or Refuse-Derived Fuel (RDF). While we have some of the best technology available for utilising ASF, the issue lies in the lack of a comprehensive waste-sorting infrastructure. In developed nations, waste segregation is well-established, but in India, we are still behind in this regard. For example, industries and communities have yet to fully embrace the importance of sorting waste, which is essential for ASF to be viable as a sustainable fuel alternative. Without proper waste segregation, the potential of ASF remains untapped. To address this, we need to educate not just the industry, but society as a whole, about the importance of waste sorting. This is an area where we see a significant opportunity to improve.

How do you envision the journey toward achieving net-zero emissions, and what role will the cement industry play in it?
The journey toward net-zero emissions is undoubtedly one of the most critical challenges for the cement industry, and the role of combustion solutions is key. The cement industry relies heavily on combustion processes, so as a provider of combustion technologies, we play an integral part in helping the industry meet its net-zero targets. We are heavily involved in research and development to ensure that we are contributing to reducing emissions.
However, it is important to recognise that achieving net-zero emissions by 2070 is a formidable challenge, especially in a country like India, where the cement industry still depends on fossil fuels. The widespread adoption of hydrogen, natural gas and alternative solid fuels will help us significantly reduce the carbon footprint of the cement industry.
While the journey is long, we are confident that, through continuous innovation and collaboration, we will make meaningful progress toward achieving net-zero emissions.

– 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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