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Pradip Kalra, CEO, Stotz Gears, discusses the role of innovation in making the Indian cement machinery industry self-reliant and globally competitive.

With an unwavering focus on quality and precision, Stotz Gears has been empowering India’s cement sector with world-class girth gears, kiln shells and tyres. In this candid conversation, Pradip Kalra, CEO, Stotz Gears, explains how engineering excellence and sustainability go hand in hand, and his pioneering contribution towards import substitution in critical cement plant components.

Tell us about your journey in the engineering industry and your association with the cement sector.
My journey in the engineering industry began from humble beginnings, with practically no infrastructure in place. With consistent hard work, dedication and a deep commitment to transform industry standards—especially in terms of cost efficiency and quality—I was able to carve a niche in the manufacturing and supply of critical components to the Indian cement industry.
Today, I find a sense of satisfaction in having initiated and contributed to the manufacturing of vital cement plant components such as girth gears, union assemblies, tyres, support rollers, trunnions, mill heads, kiln shells and mill shells. We have maintained a consistent track record—since 2004, everything we have manufactured and supplied continues to perform reliably, with zero failures. That long-term dependability is a testament to our commitment to quality and precision.

How did you begin with the manufacturing of girth gears, and how has their relevance grown in India?
I started out by manufacturing small gears for modest-scale industries, such as oil mills and small cement plants. But I always dreamed bigger.
I often asked myself: why not manufacture larger gears? That dream became a target, and I pursued it relentlessly.
In 1986, I travelled to Germany and purchased advanced machinery that allowed us to produce girth gears that could match, or even surpass, international standards. Before this, India had to rely heavily on imports from France, Germany, and the USA for such components. By investing in the right machinery and tools—specifically German ones—we raised our quality standards and gradually achieved parity
with global manufacturers. We also invested in
skill development.
The knowledge I gained was shared with our engineers and workers, and that collective learning laid the foundation for quality manufacturing in India. I am proud to say that this initiative has helped India move towards the vision of Atmanirbhar Bharat, championed by our Honourable Prime Minister.

How did your company begin manufacturing tyres, and how did that lead to applications in cement?
Tyres, like girth gears, are cast products, and they require a similar level of metallurgical and engineering expertise. Over time, the quality
and technology of casting in India improved significantly. We didn’t work in isolation—we actively encouraged and guided our casting partners to innovate and meet international standards. We passed on knowledge, provided feedback and set high expectations.
The result was a win-win: the casting industry evolved and we were able to manufacture tyres of international-grade quality domestically. This directly benefited the cement sector, which depends on the reliability and durability of such components.

How are kiln shells serving the cement industry, and how do you ensure their precision and performance?
Kiln shells, like other critical cement plant components, are manufactured in accordance with international quality standards. These standards are set by OEMs and well-known across the cement industry. I believe the foundation of delivering high-quality products lies in honesty—honesty towards quality standards, material procurement, and the will to achieve excellence. Personally, I have always repeated to myself: I must achieve it, I must achieve it. That self-motivation and conviction have taken me a long way.
Every kiln shell we produce reflects that commitment. We source certified raw materials, maintain stringent manufacturing controls, and ensure precision across every stage. The final product not only meets OEM specifications but also earns the long-term trust of our clients.

Could you elaborate on any sustainability practices you follow in your company?
Absolutely. First and foremost, our industry is not a major polluter. The only minimal emission we produce is a small amount of smoke during heavy gear cutting operations. Even this is addressed responsibly—we have installed smoke arrestors in our facility roofs, which capture the smoke and discharge it safely via high-speed fans. This ensures that no harmful emissions reach the areas where people live or work.
Additionally, we manage our oil usage sustainably. Used industrial oils are collected and sold to licensed refineries, where they are reprocessed and reused. We do not discharge any waste oils or chemicals into drains or public waterways.
Beyond that, we also make a conscious effort to maintain greenery around our plant. Every year, we plant numerous trees, maintain flower beds and promote green spaces around our premises to enhance biodiversity and environmental balance.

What are some of the challenges you face in your line of work, and how do you address them?
Challenges are constant, especially in engineering and manufacturing. One of the biggest challenges is the increasing demand for precision and reliability from cement plants. Every year, the expectations rise. Clients demand tighter tolerances, better materials and longer-lasting components—even if the products we supplied years ago are still running without a single complaint.
To address this, we continuously work to improve. We tighten our precision parameters, upgrade our machinery and metrology equipment and invest in employee training. We impose strict quality control standards at every level—from raw material inspection to final testing. This proactive approach helps us meet evolving demands and deliver even better results.

What are your thoughts on the Net Zero mission and how do you see the journey evolving for the cement sector?
That’s an important question. Although I am not a cement plant operator or technical head, I have been closely observing the sustainability trends over the past few years. In fact, I have been attending conferences to better understand the Net Zero mission. Pollution is everyone’s concern—not just the plant owners. I am genuinely proud of how far the Indian cement industry has come in the last decade. Initially, we were focused on increasing production. Then we moved to improve quality. Later, the focus shifted to logistics and transport. And now, we are tackling emissions.
It is a remarkable progression, and the fact that Indian cement companies are now talking about and achieving targets for zero emissions is something to truly admire. We are not just following global trends—we are matching, and in some cases, even leading. My heartfelt compliments to all stakeholders in the cement industry—whether it is plant operators, general managers or company owners.

Concrete

Cement Makers’ Margins To Fall Rs 50-75 Per Tonne Amid West Asia Conflict

Crisil Sees Margins Easing Despite Steady Demand

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Crisil said operating margins of Indian cement manufacturers are expected to decline by Rs 50-75 per tonne (t) this fiscal to Rs 925-950 per t due to higher input costs triggered by the West Asia conflict. The analysis covered 18 cement companies accounting for nearly 90 per cent of India’s domestic cement capacity and noted margins had improved sharply to around Rs 1,000 per t in fiscal 2026.

Crisil noted that the reduction would be driven mainly by higher power and fuel costs, which account for about 30 per cent of total costs, as petcoke and imported coal prices have surged amid geopolitical uncertainties. Freight costs, which account for about a quarter of total costs, are also expected to remain elevated because of higher diesel prices. The impact on profitability is likely to be more pronounced in the first half of the fiscal year before easing commodity prices moderate cost pressures later.

The rating agency said steady domestic demand and strong balance sheets should keep credit profiles stable despite the moderation in margins. Green energy currently accounts for 35-40 per cent of the sector’s total electricity consumption and is expected to partly cushion higher energy costs. Operating cash flows are likely to remain resilient, supported by projected 6-7 per cent growth in cement demand this fiscal.

Crisil highlighted that demand growth will be driven primarily by infrastructure spending, which meets about one-third of sector consumption, and by a nearly 18 per cent higher budgetary allocation for core ministries that should support project execution. Weaker rural housing demand amid pressure on agricultural incomes from a possible below-average monsoon may be offset by improved urban housing demand supported by favourable home-loan rates and a strong pipeline of Pradhan Mantri Awas Yojana-Urban projects. Ongoing capacity additions will keep capital expenditure elevated and may lift net debt to EBITDA to between 1.2 and 1.4 times from around 1.0 time last fiscal, though ratios are expected to remain healthy.

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Concrete

UltraTech Board Approves Rs 50 bn Fundraise Via NCDs

Company to issue half a million debentures for expansion plan

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UltraTech Cement’s board of directors has approved raising Rs 5,000 crore (Rs 50 bn) through non?convertible debentures issued in rupees.

The finance committee cleared a proposal to issue up to 500,000 fully paid, unsecured, listed, rated, redeemable, rupee?denominated, non?convertible, non?cumulative debentures of Rs 1 lakh each (Rs 0.1 mn each), aggregating to the Rs 5,000 crore programme.

As of June 2026 the firm reported net debt of Rs 15,875 crore (Rs 158.75 bn) and said its capacity expansion projects under execution are backed by capital expenditure of about Rs 17,000 crore (Rs 170 bn) over the next two to two?and?a?half years.

UltraTech spent Rs 9,500 crore (Rs 95 bn) on capital expenditure in financial year 2026 and in April the group crossed 200.1 mn tonnes per annum of domestic grey cement capacity and 205.5 mn tonnes per annum of global capacity.

The chief financial officer indicated the company would take consolidated capacity beyond 242 mn tonnes per annum, with grey cement capacity reaching 212.7 mn tonnes per annum by the end of financial year 2027. He noted the net debt?to?earnings before interest, taxes, depreciation and amortisation ratio stood at 0.87 times as of June 2026 and the company was confident of ending financial year 2027 with the ratio below one time.

In the first quarter of financial year 2026?27 UltraTech’s net profit attributable to owners rose 16.8 per cent year?on?year to Rs 2,599.3 crore (Rs 25.993 bn) and revenue from operations increased 15.9 per cent to Rs 24,648.20 crore (Rs 246.482 bn). The board approval is expected to complement internal cash flows as the company advances its expansion programme.

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Concrete

Lokesh Lays Stone For Rs 31 Billion Cement Unit In Kadapa

Line-2 expansion to make Kadapa a major cement hub

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Andhra Pradesh Education and IT Minister Nara Lokesh on Wednesday laid the foundation stone for the Line-2 expansion of Dalmia Bharat Cement at Chinnakomerla village in Mylavaram Mandal in Kadapa district. The project carries an investment of Rs 31 billion (bn) and is slated for completion by the third quarter of the financial year 2028. The expansion is intended to boost industrial growth and employment generation across the Rayalaseema region.

Once commissioned, the Kadapa facility will become Dalmia Bharat’s largest integrated cement manufacturing ecosystem in southern India, creating over 1,000 direct and indirect jobs and opening new business avenues for regional micro, small and medium enterprises and transport operators. Lokesh said the expansion signalled growing corporate confidence in the state and reflected the practical ease of doing business that secured repeat investment.

He placed the project within the government’s wider economic targets and recalled the Yuvagalam padayatra commitment to generate two million (mn) jobs within five years, noting that the state would cultivate talent while industry created opportunities. Lokesh highlighted Andhra Pradesh’s competitive pursuit of major manufacturing accounts, mentioning past successes and a personal initiative to engage global investors when persuading them to anchor expansion in the state.

The plant will leverage Kadapa’s abundant limestone reserves to scale production and sustainability. Clinker capacity is planned to rise from two point five million tonnes per annum (mn tpa) to six point one mn tpa, while overall cement output will increase from three point six mn tpa to nine point six mn tpa. The unit is designed to operate on over eighty per cent renewable energy and deploy waste heat recovery, zero liquid discharge, water recycling and advanced AI systems to optimise efficiency. Industries Minister TG Bharat, BC Welfare Minister S. Savitha and Jammalamadugu MLA C. Adinarayana Reddy attended the ceremony.

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