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“We leverage advanced design and simulation tools.”

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Dipak Dalwadi, CEO – Gear Division, Elecon Engineering, discusses the company’s deepening alignment with the cement industry’s demand for power transmission, which is fueling the next wave of cement capacity expansion in India.

In the cement sector, where vertical roller mills, kiln drives, and high-torque applications push power transmission equipment to its limits, gearboxes have become fundamental to plant reliability as the kilns themselves. In an exclusive interaction, Dipak Dalwadi, CEO – Gear Division, Elecon Engineering speaks to ICR about the strategic decisions that have shaped the company’s product development, and where it is headed as India adds 85 to 90 MTPA of new cement capacity in the current expansion cycle.

Elecon was founded in 1951 as a manufacturer of elevators and conveyors and has since grown into Asia’s largest industrial gearbox manufacturer. What were the most critical strategic decisions that drove that transformation, and which of them do you consider most defining for the company?
The defining decision was to build strong engineering expertise in power transmission and progressively move into high-value, application-specific industrial gear solutions. The establishment of the Gear Division in 1976, followed by international expansion initiatives and the acquisition of Benzlers-Radicon in 2010 which gave us both technological capabilities and global footprint spanning more than 120 countries. What has remained constant through this evolution is our focus on engineering innovation, manufacturing excellence, and long-term customer relationships. That combination has allowed Elecon to evolve with industry needs while staying firmly rooted in its engineering heritage.

The cement industry is one of Elecon’s most significant sectors, with clients like UltraTech Cement and Adani among your client bases. How has the relationship between Elecon and India’s cement industry evolved over the decades, and how have cement manufacturers’ demands shaped your product development?
Our relationship with the cement industry has evolved from supplying individual drive solutions to developing increasingly application-specific systems around reliability, efficiency, and lifecycle performance. Over the course of Elecon’s seven-decade journey, cement has emerged as one of our most important sectors, with 5,000+ of our gearboxes operating in cement applications worldwide. Today, cement manufacturing places very high demands on power transmission equipment, and that has pushed us to continuously strengthen our heavy-duty gearbox portfolio. Our work on VRM gearboxes for vertical roller mills, in-line planetary gearboxes for central mill drives, and high-torque mill applications is a direct outcome of this progression. The industry has consistently challenged us to deliver solutions capable of handling higher loads while improving operating efficiency. That continuous exchange of requirements and innovation has helped us refine our offerings and remain closely aligned with the needs of modern cement manufacturing.

Cement plants operate under some of the most demanding mechanical conditions in industry. How has Elecon engineered its gear and material handling solutions specifically for these conditions, and where has the biggest innovation happened?
Our approach begins with application engineering rather than a one-size-fits-all product philosophy. At Elecon, we leverage advanced design and simulation tools, including 3D modelling and finite-element analysis, to optimise gearbox performance before manufacturing. This is complemented by rigorous testing and quality systems that validate performance at every stage of development. In cement applications, this approach has enabled us to develop solutions capable of handling exceptionally high torque loads. For instance, a geared coupling developed for a cement mill drive that delivers 62.7 million Nm of torque. Having said that, innovation today is not just about handling higher loads. Increasingly, the focus is on improving efficiency, reliability, and overall lifecycle value, helping customers get more out of their equipment while ensuring consistent performance over the long term.
India’s cement sector is adding 85 to 90 MTPA of new capacity in FY26 and FY27 combined. What does that expansion mean for Elecon, and how is the company positioning itself to capture the equipment demand that comes with it?
We see the cement capacity expansion as an important part of the broader industrial capex cycle, because every new or expanded plant creates demand for reliable power-transmission solutions. Our strategy is to expand capacity ahead of demand, supported by significant capital expenditure and modern manufacturing infrastructure, including BMCE 2, Elecon’s state-of-the-art manufacturing facility. At the same time, our broad product portfolio, application engineering capability and growing aftermarket presence allow us to participate across both new installations and lifecycle requirements. The objective of Elecon is to be ready to support customers as the cycle accelerates, while maintaining the standards of execution and quality that they expect from us.

How is Elecon integrating digital capabilities — sensors, remote diagnostics, IoT connectivity – into its gear and conveying systems to meet that expectation?
Digitalisation is becoming an increasingly important part of how Elecon supports customers, particularly in areas where it can improve equipment availability and lifecycle performance. Our Condition Monitoring System (CMS) integrates multiple sensors to track parameters such as vibration and speed, while predictive analytics helps identify potential issues at an early stage and enables timely maintenance interventions. This not only helps reduce unplanned downtime but also supports better spare-parts planning and lifecycle-cost management. At Elecon, our approach is not to adopt technology for its own sake, but to apply it in ways that deliver tangible value. By combining data-driven insights with engineering expertise, we aim to make critical equipment more dependable, predictable, and efficient throughout its operating life.

As industrial technologies continue to evolve, what is your vision for Elecon’s technological future?
At Elecon, our vision is to gear industries across the globe through comprehensive solutions and sustainable technology. This vision is guided by our core values –– DRIVE
D – Delightful Customer Experience
R – Resolute Trust
I – Ingenious Entrepreneurship
V – Value Creation
E – Ethics at the Core
As we look ahead, we aim to further integrate Industry 4.0 technologies across our products and manufacturing processes to enable smarter, more connected, and efficient systems. This includes strengthening capabilities in areas such as real-time monitoring, predictive maintenance and digital engineering to deliver the next generation of industrial solutions. Elecon also envisions expanding its portfolio through continuous R&D, focusing on high-efficiency designs such as advanced planetary gear systems, flexible couplings, and application-specific innovations designed for evolving industrial requirements. With a strong commitment to quality, sustainability, and technological excellence, Elecon strives to empower industries with reliable, energy-efficient and future-ready solutions, while expanding its global footprint and reinforcing its position as a trusted engineering partner.

Concrete

UltraTech’s Kukurdih unit runs fully on green energy

The Chhattisgarh plant has met 100 per cent of its electricity needs through green energy since April 2026.

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UltraTech Cement’s Kukurdih Cement Works in Chhattisgarh has met 100 per cent of its electricity requirement through green energy every month since April 2026. Commissioned in 2024, the integrated cement manufacturing unit has an installed grey cement capacity of 3.3 million tonnes per annum.
The plant meets its electricity requirement through a combination of renewable power sourcing and Waste Heat Recovery Systems (WHRS). UltraTech said the combination enables the unit to meet its power needs through green energy while maintaining operational reliability.
Since April 2026, nearly a third of UltraTech’s 76 manufacturing units in India have maintained green energy utilisation above 50 per cent of their electricity requirement. Five units, including Kukurdih, have exceeded 95 per cent green energy utilisation.
The company is also progressively deploying Battery Energy Storage Systems (BESS) across its manufacturing network to support greater integration of renewable energy. UltraTech said it has not invested in new captive thermal power capacity at its integrated units, including greenfield projects and brownfield expansions, for more than 10 years.
As of Q1FY27, UltraTech’s captive green energy capacity stood at 1,897 MW, comprising 1,463 MW of renewable capacity from solar, wind and hybrid sources, and 434 MW of WHRS capacity.
Under its RE100 commitment, the company aims to increase the share of green power in its total power mix to 85 per cent by 2030 and 100 per cent by 2050.

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Concrete

Cement Prices Rise Rs. 7 per Bag in September; October Hikes Expected

Cement prices rose in September as companies weighed further increases.

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Cement companies may seek to raise prices by Rs. 5 to Rs. 20 per bag across most markets in October, although the ability to sustain the increases will depend on demand recovery and dealer acceptance, according to a report by Centrum Broking. The outlook follows a pickup in pricing momentum during September after largely stable prices in July and August.

The all-India average trade price increased by Rs. 7 per bag month-on-month to Rs. 356 in September. Centrum Broking’s channel checks indicated gains across both trade and non-trade segments, with non-trade prices recording sharper increases in most markets. However, higher company billing rates were not fully passed on to customers in several regions because dealers continued selling at earlier prices to meet quarter-end volume targets.

The brokerage said demand weakness in Q2FY27 was less pronounced than the usual seasonal trend, with construction activity improving in several markets towards the end of the quarter. Demand remained range-bound across several markets in July and August, while September produced mixed regional trends. Higher rainfall affected activity in some areas, whereas lower rainfall supported construction work elsewhere.

South India recorded the largest price increase in September, at Rs. 11 per bag, followed by West India at Rs. 9. Central, East and North India each reported increases of Rs. 5 per bag. Despite the September recovery, the average all-India trade price for Q2FY27 stood at Rs. 351 per bag, down Rs. 1 sequentially, as weaker pricing in July and August offset the later gains.

Centrum Broking said the success of any October increases would depend on the pace of demand recovery and dealers’ willingness to accept higher prices. Fuel prices have also risen sharply in recent weeks, making the implementation and sustainability of price increases a key factor for the cement industry’s pricing outlook.

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Concrete

Andhra Pradesh Clears Rs. 30 bn My Home Cement Plant

Project receives incentives of up to Rs. 11.29 bn from state

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The Andhra Pradesh government has approved a greenfield cement project worth Rs. 30 bn by My Home Industries, along with incentives of up to Rs. 11.29 bn. The decision comes amid a political controversy in Telangana involving allegations about landholdings associated with My Home Group.

According to an Industries and Commerce Department order issued on September 25, 2026, the project is expected to create 2,000 jobs and begin commercial production by March 2029. The proposed facility will have capacity to produce 3.5 MTPA of clinker and 3.5 MTPA of cement.

The total investment includes fixed capital investment of Rs. 25.97 bn, pre-operative expenses of Rs. 2.23 bn, contingencies of Rs. 1.26 bn and working capital margin of Rs. 540 mn. The incentive package is capped at Rs. 11.29 bn, equivalent to up to 43.48 per cent of fixed capital investment, subject to completion of the committed investment by March 2029.

The package includes a capital subsidy of 39 per cent of eligible fixed capital investment, capped at Rs. 9.43 bn, payable over 10 years from the start of commercial production. It also provides reimbursement of Rs. 1 per unit on electricity purchased from distribution companies for 10 years, subject to a ceiling of Rs. 1.86 bn. A further incentive equivalent to 2 per cent of fixed capital investment is linked to the creation of the committed jobs and other policy conditions.

The state has approved the allotment of 27.19 acres through the Andhra Pradesh Industrial Infrastructure Corporation at actual cost. The project also involves land linked to two temples and the realignment of a canal across approximately 9.93 acres, with conditions requiring alternative temple facilities and company-funded infrastructure work. Telangana Chief Minister A. Revanth Reddy has separately raised allegations concerning land associated with My Home Group, including 2,463 acres near Shamshabad. The allegations remain subject to verification through official records and any investigations.

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