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In India, waste management is a complex issue

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Jignesh Kundaria, Director and CEO, Fornnax Technology, discusses revolutionising waste management with cutting-edge shredding technology.

Fornnax Technology is driving sustainability in the Indian cement industry by providing advanced shredding and recycling solutions. By enabling efficient processing of alternative fuels and raw materials, the company helps cement plants reduce reliance on fossil fuels and lower carbon emissions. Jignesh Kundaria, Director and CEO, sheds light on how they are supporting the industry’s goal of achieving a 30 per cent Thermal Substitution Rate (TSR) by 2030.

How does Fornnax Technology’s expertise in shredding and recycling equipment enhance operational efficiency and sustainability in the cement industry?
Fornnax Technology is accelerating the Indian cement industry’s goal of reaching up to 30 per cent by 2030 TSR from the current four to six per cent by setting up alternative fuels and raw materials and refuse derived fuel plants, thereby reducing reliance on fossil fuels.
Our expertise in developing robust shredding and recycling machinery directly addresses this need.
By providing advanced solutions for processing AFR, we enable cement plants to efficiently utilise waste materials.
Our SR-MAX series primary and R-Max series secondary shredders, for example, are engineered to handle challenging waste streams, including contaminated municipal solid waste, transforming them into valuable alternative fuels for cement kilns.
This will not only enhance operational efficiency by optimising waste processing but also significantly contributes to sustainability by lowering greenhouse gas emissions and promoting a greener approach to cement production.
Essentially, we empower the cement industry to close the gap between current AFR usage and its potential, driving them towards a more sustainable and environmentally responsible future.

What role does advanced technology play in optimising waste recycling for cement production, and how does Fornnax ensure its solutions contribute to energy efficiency and carbon footprint reduction?
Advanced technology is pivotal in optimising waste recycling for cement production. The cement industry’s carbon footprint is substantial, and technology offers the means to significantly reduce it.
At Fornnax, we are at the forefront of this innovation. Our inhouse expert research and development teams are focused on creating cutting-edge recycling solutions that address the specific challenges of waste processing in the cement sector with customised approach.
Our shredders, for instance, are specifically designed to efficiently process heterogeneous and unorganised waste materials and capable of operating for over 200 to 100 tonne per day ensuring consistent and high-quality outputs suitable for AFR and RDF Plants.
This extended operational capacity has given us a distinct advantage over many of our European, American and Chinese competitors.
We believe that innovative recycling technology is the key to providing effective and economical solutions, thus we constantly upgrade our technology as per the evolving regulations and industry standards, ensuring our solutions not only meet but exceed expectations for energy efficiency and carbon footprint reduction.

How does Fornnax differentiate itself from competitors in providing tailored shredding and recycling solutions for cement plants, and what level of customisation do you offer to meet industry-specific requirements?
Fornnax distinguishes itself by offering a comprehensive range of modern, robust, and large-capacity recycling solutions that are specifically tailored to the unique needs of the cement industry.
Our deep understanding of the cement industry’s challenges, combined with our expertise in advanced shredding and recycling technologies, allows us to provide efficient and sustainable solutions.
We prioritise a customer-centric approach, embodied in our Customer-Based Product Development Process (CBPD). This involves close collaboration with clients to understand their specific pain points and develop solutions that meet their exact requirements.
We offer a high level of customisation – from the design and configuration of our shredders to additional features and services that enhance performance and efficiency.
Our highly qualified engineering team works closely with clients to address their specific needs, including production capacity, waste type, desired output size and power constraints.
This ensures that our machinery aligns perfectly with their distinct visions and operational requirements. We also provide robust after-sales support across India, ensuring prompt and timely resolution of any issues.

Can you share insights into any recent innovations by Fornnax that have the potential to transform waste management and alternative fuel processing in the cement industry?
Our recent launch of the SR-MAX2500 primary shredder at IFAT 2024 Mumbai marks a significant innovation with the potential to transform waste management and alternative fuel processing in the cement industry.
This hydraulic drive motor-powered shredder is specifically designed to efficiently shred challenging materials into manageable sizes. The application areas include municipal solid waste (MSW), industrial and commercial waste, bulky waste, construction and demolition debris, wood waste and more.
The SR-MAX2500 Primary Shredder is designed with ease of maintenance in mind, featuring specially designed knives with hard face multiple times for low-cost operations. Additionally, the replaceable cartridge assembly eliminates the need to change the full cutting chamber in case of a worn-out cartridge, reducing downtime and increasing overall efficiency.
In terms of the longevity, the SR-MAX2500 is built to last, boasting a completely hard-faced shaft knives assembly, hard-faced knives and replaceable wear plates to increase the durability of the cutting chamber. Furthermore, the hydraulic hoses are always connected to the motors, ensuring oil cleanliness and prolonging the lifespan of the motors. The heavy-duty, open-grate cartridge and static knives/fingers placement also ensure that abrasives, including aggregate, sand, soils and metal fragments, will fall directly through the cartridge, reducing wear and operating costs. This robust design ensures that the SR-MAX2500 will provide years of reliable service, even in the toughest operating conditions.
Therefore, by prioritising sustainability and aligning with the vision of achieving Net Zero emissions, we believe the SR-MAX2500 primary shredder has the potential to revolutionie waste management and alternative fuel processing in the cement industry, and we are excited to see the impact it will have.

Concrete

Dalmia Acquires Five Point Two MnTPA Cement Assets in Central Region

Acquisition adds capacity, power and rail access

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Dalmia Cement (Bharat) Limited (DCBL) executed a business transfer agreement on 21 May 2026 to acquire a cement undertaking from Jaiprakash Associates Limited (JAL) and Adani Infra (India) Limited. The assets include plants at Rewa in Madhya Pradesh and Churk, Chunar and Sadwa in Uttar Pradesh with five point two million tonnes per annum (mn tpa) cement capacity and three point three mn tpa clinker capacity, plus 99 megawatt (MW) thermal power and railway sidings. The transaction carries an enterprise value of Rs 28.5 billion (bn).

DCBL, a wholly owned subsidiary of Dalmia Bharat Limited (DBL), will see cement capacity rise to 54.7 mn tpa on completion. Ongoing expansions at Belgaum, Pune and Kadapa are expected to raise capacity to 66.7 mn tpa by the second to third quarter of fiscal 2028. The company said the transaction would be consummated within two weeks.

The deal follows a framework signed in December 2022 to settle long running disputes with JAL, including a long term clinker supply arrangement. Completion was delayed when JAL entered insolvency and the earlier sale did not finalise. Following approval of a resolution plan under the Insolvency and Bankruptcy Code, DCBL executed a fresh business transfer agreement to resolve pending legal and arbitral matters.

Company statements described the acquisition as strategic, accelerating access to central markets compared with a greenfield route and offering scope for expansion through debottlenecking and brownfield investment. Proximity to the company’s captive mines and established vendor relationships should support faster ramp up. The assets should augment EBITDA delivery and enhance returns by enabling entry into newer markets with relatively better prices.

Senior executives said the addition aligned with a long term plan to build a pan India presence and would provide a head start in central markets. They noted that familiarity with the plants under earlier tolling arrangements offers operational insight and strengthens channel relationships, supporting quicker market entry. Management expressed confidence that the assets’ expansion potential would generate value for stakeholders.

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Concrete

Ramco Cements Reports FY26 Revenue Growth And Higher Profit

Net debt reduced as exceptional items boost FY26 earnings

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Ramco Cements reported standalone audited results for FY26 with net revenue of Rs 90,560 million (mn) and profit after tax of Rs 6,940 mn. EBIDTA rose to Rs 14,820 mn and blended EBIDTA per tonne was Rs 788 on a two per cent volume rise to 18.81 million (mn) tonne (t). Cement revenue increased by five per cent and construction chemicals revenue rose by 66 per cent.

Raw material cost per tonne rose to Rs 1,023 from Rs 956 mainly due to a mineral bearing land tax of Rs 160 per t in Tamil Nadu, adding about Rs 86 per t. Power and fuel cost per tonne fell to Rs 1,098 from Rs 1,123 with petcoke mix down to 47 per cent and green power up to 40 per cent.

Profit before tax after exceptional items was Rs 8,790 mn. Net exceptional items were Rs 5,530 mn, including Rs 5,740 mn from sale of surplus land and Rs 200 mn of past service cost. The company monetised Rs 10,980 mn from non core asset sales over the past two years and recorded capex of Rs 9,970 mn, with guidance of Rs 8,000 mn for FY27.

Net debt fell by Rs 8,170 mn to Rs 36,640 mn at 31 March 2026 and cost of debt eased to 7.29 per cent, reducing net debt to EBIDTA to 2.47 times. Management indicated the full impact of higher fuel costs is expected from Q2 FY27, while packing and diesel cost increases will be visible in Q1 FY27. The board has proposed a dividend of Rs two point five zero per equity share and the company flagged risks from elevated fuel and logistics costs, commodity volatility and competitive pricing.

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Concrete

Dalmia Cement to Acquire 5.2 MnTPA Capacity

Deal covers cement assets in Madhya Pradesh and Uttar Pradesh

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Dalmia Cement (Bharat), a wholly owned subsidiary of Dalmia Bharat, has executed a Business Transfer Agreement with Jaiprakash Associates and Adani Infra (India) to acquire cement assets with 5.2 MnTPA capacity in the Central region.

The acquisition covers cement plants located at Rewa in Madhya Pradesh, and Churk, Chunar and Sadwa in Uttar Pradesh. The assets include 5.2 MnTPA cement capacity, 3.3 MnTPA clinker capacity, 99 MW thermal power capacity, railway sidings at Rewa and Chunar, and a common railway siding at Churk. The enterprise value of the transaction is Rs 28.5 billion.

Following completion of the transaction, Dalmia Bharat’s cement capacity will increase to 54.7 MnTPA. Its ongoing expansion projects at Belgaum, Pune and Kadapa are expected to further raise capacity to 66.7 MnTPA by the second or third quarter of FY28. The transaction is expected to be completed within two weeks.

Dalmia Cement had entered into a framework agreement with Jaiprakash Associates in December 2022 for the sale of business assets and related agreements, including a business transfer agreement and cement sale purchase agreement. The agreements were intended to settle disputes between the parties, including those under the long-term clinker supply agreement. However, the transaction could not be completed after Jaiprakash Associates was admitted to insolvency.

Following approval of the Adani Group’s resolution plan for Jaiprakash Associates under the Insolvency and Bankruptcy Code, Dalmia Cement requested that the earlier agreement be considered to settle pending disputes. The company has now executed a fresh Business Transfer Agreement with Jaiprakash Associates and Adani Infra (India) for the cement undertaking.

The acquisition supports Dalmia Bharat’s strategy to become a pan-India cement player and provides faster access to Central markets compared to a greenfield project. The assets also offer expansion potential through debottlenecking and brownfield development.

Puneet Dalmia, Managing Director and CEO, Dalmia Bharat, said the assets are a strong strategic fit and will help the company serve high-potential markets in the Central region. He added that the expansion potential of the assets and their proximity to Dalmia’s captive mines could help create a future capacity hub.

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