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Achieving net zero requires a multifaceted approach

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Mahendra Singhi, Member of Board of Governors and Strategic Advisor, Dalmia Cement (Bharat), shares insights into India’s Net Zero mission with Kanika Mathur.

India’s path to Net Zero is full of challenges. As a hard-to-abate industry, the cement sector needs to chart out strategies for achieving carbon neutrality. Discover how innovative approaches and policy support are shaping a sustainable future in this exclusive and insightful interview.

What is your view on the net zero mission, and how do we plan to achieve it?
The net zero mission is not merely a necessity for the cement sector or any specific industry but a global imperative. Every sector, whether service or manufacturing, must strive for net zero to address climate change and ensure a safe future for subsequent generations. The cement industry, in particular, has a significant role to play since it accounts for approximately 7-8 per cent of global CO2 emissions.
CO2 is the most prevalent greenhouse gas, and the cement industry’s contribution to these emissions is substantial. However, the good news is that the cement industry, especially in India, has been proactive. Over the years, it has explored and implemented strategies to lower carbon emissions. Initially, the focus was on low-carbon technologies. By adopting these technologies, the industry has already achieved significant reductions in CO2 emissions. Moreover, companies have begun integrating net-zero strategies into their business models, recognising that climate strategies are also sound business strategies. For example, the CDP (Carbon Disclosure Project) report recently highlighted the top 10 global cement companies prepared for a low-carbon transition, and five of these were Indian companies. This reflects a mindset shift towards sustainability, with Dalmia Cement leading the pack.
At Dalmia Cement, we believe in the philosophy that clean and green practices are both sustainable and profitable. Over the last decade, this philosophy has translated into a 33 per cent reduction in our CO2 emissions while simultaneously increasing revenue and profits. Such achievements demonstrate that net zero is not only achievable but also beneficial for business.

Alternative fuels and raw materials, digitalisation, technology, and Industry 4.0 are seen as crucial. Which plays the most significant role, or are they equally important?
Achieving net zero requires a multifaceted approach, and in the context of the cement industry, four key levers are critical. First, reducing the clinker content in cement production is essential. Clinker production is a major source of emissions due to the calcination of limestone. To mitigate this, we are focusing on producing blended cements such as PPC, PSC, PCC, and the newer L3 cement. Currently, India produces 73 per cent low-carbon blended cement. However, there is a need to eliminate the production of OPC (Ordinary Portland Cement), which emits around 900 kg of CO2 per tonne, compared to 400-500 kg for blended cements. Government policies, as well as support from the real estate and construction sectors, are essential for this transition.
Secondly, the use of alternative fuels and raw materials (AFR) offers a significant opportunity to reduce emissions. Transitioning to non-fossil fuels has shown promising results in regions like Europe and Japan, where AFR usage has reached 70-80 per cent, aided by strict regulations and quality waste management. In India, while progress is evident, AFR usage currently stands at around 10-15 per cent. Scaling this up will significantly contribute to emission reductions, as AFR accounts for approximately 20 per cent of total emissions.
Third, the transition to renewable energy sources is imperative. Transitioning to 100 per cent renewable energy through waste heat recovery systems, solar, wind, or hydro power is vital. Many companies have set ambitious targets for renewable energy adoption. However, supportive government regulations, such as banking facilities for renewable power, are necessary to accelerate this shift.
Finally, carbon capture technology (CCU/CCS) represents one of the most challenging yet impactful levers for achieving net zero. Capturing and either utilising or storing CO2 emissions can address roughly 50 per cent of emissions. While successful pilot projects are underway in Europe and the US, widespread adoption in India requires cost reductions and government support through incentives similar to the PLI scheme.

How can policymakers balance urban infrastructure development with carbon emission reduction?
As a developing country, India must prioritise growth to provide essential resources and amenities. However, this growth must be decoupled from emissions. Policymakers can achieve this by mandating the use of low-carbon technologies in new infrastructure projects and promoting blended cements over OPC through procurement policies. Additionally, supporting renewable energy adoption by providing banking facilities for renewable power and enhancing waste management practices to improve AFR quality are crucial steps. Introducing a polluter-pay policy can further offset the additional costs incurred by the cement industry. The Indian government’s commitment to maintaining a lower per-capita emission level compared to developed nations underscores its resolve to achieve sustainable growth.

How do you see the journey towards net zero unfolding?
The journey towards net zero is advancing steadily. In 2018, we at Dalmia Cement announced our carbon-negative and net zero roadmap during COP24. This commitment inspired other companies worldwide to adopt similar strategies. By COP26 in Glasgow, the Global Cement and Concrete Association committed to achieving net zero cement and concrete by 2050.
The global cement sector has been proactive, embracing new technologies and sustainability practices. Indian companies, too, are leading the way with innovative strategies and strong commitments. I am optimistic that within the next 10-25 years, the Indian cement industry will make significant strides towards achieving net zero, setting a benchmark for other industries globally.

Concrete

Berger Paints Announces Financial Results for the Quarter Ended

Net Profit for the quarter was Rs 2.06 billion, compared to Rs 2.69 billion in the corresponding quarter of the previous year.

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Berger Paints India announced its financial results for the quarter ended September 30, 2025.
The company reported Revenue from Operations of Rs 28.27 billion, compared to Rs 27.74 billion in the corresponding quarter last year, reflecting a growth of 1.9 per cent year-on-year.
EBITDA (excluding other income) stood at Rs 3.52 billion, as against Rs 4.34 billion in the same period last year, registering a decline of 18.9 per cent.
Net Profit for the quarter was Rs 2.06 billion, compared to Rs 2.69 billion in the corresponding quarter of the previous year, marking a decline of 23.5 per cent year-on-year.
Commenting on the performance, Abhijit Roy, Managing Director & CEO, Berger Paints India, said, “At Berger Paints, we remain committed to driving growth through network expansion, innovation, and brand building. Our focus continues to be on delivering long-term value for our investors and stakeholders.”

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Ambuja Cements posts record Q2, lifts FY28 capacity target

PAT rises to Rs 23.02 bn; volumes up 20%; margin widens 450 bps

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Ahmedabad, recently — Ambuja Cements, part of the Adani Portfolio, reported a strong Q2 FY26 performance with consolidated PAT of Rs 23.02 billion (up 364 per cent year on year), highest-ever Q2 sales volume of 16.6 million tonnes (up 20 per cent) and revenue of Rs 91.74 billion (up 21 per cent). EBITDA rose to Rs 17.61 billion with a margin of 19.2 per cent, while EBITDA per tonne reached Rs 1,060 (up 32 per cent). EPS stood at Rs 7.2 (up 267 per cent). The PAT figure includes an income-tax provision reversal of Rs 16.97 billion.
The company raised its FY28 capacity goal by 15 MTPA to 155 MTPA, largely through low-capex debottlenecking at about USD 48 per tonne. Thirteen new blenders are being installed to optimise product mix and lift the share of premium cement, and logistics debottlenecking is expected to add around three per cent utilisation to the existing 107 MTPA base over 24 months.
On projects, a 4 MTPA kiln at Bhatapara has begun trial runs, the 2 MTPA Krishnapatnam grinding unit has been operationalised, and an additional 7 MTPA across three locations is slated for Q3. Renewable power capacity reached 673 MW after commissioning 200 MW, with targets of 900 MW by year-end and 1,122 MW by FY27.
Cost discipline continued: kiln fuel, power and logistics costs declined year on year; green power share of consumption rose to 32.9 per cent; and logistics cost stood at Rs 1,224 per tonne. Management reiterated end-FY26 total cost guidance of about Rs 4,000 per tonne and a pathway to Rs 3,650 per tonne by FY28, supported by higher coal share, newer assets, shorter lead distances (including a growing sea-logistics share), and long-term fly ash/slag tie-ups.
Strategically, Ambuja launched CiNOC (Cement Intelligent Network Operations Centre) to embed AI across sales, production and logistics; deepened engagements with CONCOR, CREDAI and 400+ academic partners; and ordered seven vessels totalling 65,800 DWT to lift coastal movement to five per cent. The company remains debt-free with net worth of Rs 694.93 billion and the highest Crisil ratings (AAA/Stable; A1+).

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India, EU Resume Talks To Finalise Free Trade Agreement

High-level negotiators meet in Delhi to push balanced trade deal

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A senior delegation from the European Union (EU) is in New Delhi from 3 to 7 November 2025 to hold detailed discussions with Indian counterparts on the proposed India–EU Free Trade Agreement (FTA). The negotiations aim to resolve key pending issues and move closer to a comprehensive, balanced, and mutually beneficial trade framework.

The visit follows Union Minister of Commerce and Industry Piyush Goyal’s official trip to Brussels on 27–28 October 2025, during which he held forward-looking talks with European Commissioner for Trade and Economic Security Maroš Šef?ovi?. Both sides reaffirmed their commitment to intensify dialogue and strengthen cooperation towards finalising the FTA.

This week’s deliberations will focus on trade in goods and services, rules of origin, and technical and institutional matters, guided by the shared goal of creating a modern and future-ready trade pact that reflects the priorities and sensitivities of both India and the EU.

The discussions gained further momentum after a virtual meeting on 3 November 2025 between Minister Piyush Goyal, Commissioner Maroš Šef?ovi?, and EU Commissioner for Agriculture and Food Christophe Hansen, which helped align positions on key areas of mutual interest.

As part of the ongoing negotiations, Ms. Sabine Weyand, Director-General for Trade at the European Commission (EU DG Trade), will visit New Delhi on 5–6 November for high-level consultations with India’s Commerce Secretary Rajesh Aggarwal. The talks will address technical and policy matters critical to concluding the agreement.

The EU delegation’s visit underscores the shared determination of India and the European Union to conclude a fair, transparent, and equitable FTA, aimed at boosting trade, investment, innovation, and sustainable economic growth.

Both sides view the FTA as a strategic pillar in their partnership, capable of enhancing market access, creating new opportunities for businesses, and promoting a resilient and diversified global supply chain.

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