Concrete

Significant growth in the offing

Published

7 years ago

January 9, 2019

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Mohammed Ismail, DGM Process, Bharathi Cement, speaks on the challeneges faced by refractories in India.

As a global player, what are the efficiency improvements that you observed in your products after the adaptation of refractory?
The use of refractories help in many ways in the cement industries, first and foremost it gives good life, it helps avoid unscheduled stoppages of the plant etc. So the selection of the refractory is very important to maximise the benefits. That is where we give more importance and in our plant we have been using magnesia bricks in the kiln (rich alumina content). Preheated area is one of the critical areas and that is were we have used refractories and that helped us to achieve temperatures at 1100 degree centigrade. The high alumina content that are used helped us achieve this temperature levels. It has given us a good life of 5-6 years.

The adaptations we are basically dependant on the imports. How do you see the domestic supply shaping up?
Domestic supply, especially we have been habituated to high alumina content bricks. Refractories can be divided into two parts- one is bricks, and another is monolithic castable. If we take the use of bricks, we have been using basic bricks.As basic bricks have high CCS (Cold Crushing Strength) will be higher, and it sustain in very high temperature. Along with the selection of the fuels or alternative fuels, the type of refractory to be used has also been selected. To cite an example, we use high intensive temperature producing coke as a fuel. Basic brinks are one and the same as the alumina bricks which are produced by moulding only. When installed in our kilns, the temperature can go up to around 1,500-1,600 degree centigrade. At the same time, the flame temperature will be higher than these temperatures levels. So to withstand this, we have introduced refractory.

Second part is what we call as the monolithic castable. Apart from the kiln, these are being used. We are having multi-stream – double stream preheated systems. Triple stream preheated, with six stages with a height of around 180 m. This is divided into six stages. The hot metal move from top to bottom and the cold moves from bottom to top, thus the heat exchange takes place.

As a global player you have seen the adaptation in many countries and then in India. What do you think are the challenges faced in India?
When we depend on imports the major challenge is the lead time is very hig, which is anywhere between four to six months. But if domestic supply is available then the materials can be procured within two to three weeks. Unfortunately, we are still majorly depend on imports in refractories. We are yet to see quality suppliers in the domestic market. Knowing the quality, the cement players still prefer importing.

For refractories, steel is one of the major consumers followed by chemical industry, Cement probably is a small faction. What is the demand growth for next 2-3 years?
There is high demand expected for cement as a segment is expected with the infrastructure growth push from the government. There is more concentration on developing alternative fuels also in the offing. These alternative fuels are having a very high impact on the refractory also. And cement would be one segment that can implement the alternative fuels adaptation.So there is space for significant for refractory in India.

– liza V

Concrete

Nuvoco Vistas Reports Record Q2 EBITDA, Expands Capacity to 35 MTPA

Cement Major Nuvoco Posts Rs 3.71 bn EBITDA in Q2 FY26

Published

5 days ago

October 22, 2025

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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.

Concrete

Jindal Stainless to Invest $150 Mn in Odisha Metal Recovery Plant

New Jajpur facility to double metal recovery capacity and cut emissions

Published

1 week ago

October 17, 2025

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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.

Concrete

Vedanta gets CCI Approval for Rs 17,000 MnJaiprakash buyout

Acquisition marks Vedanta’s expansion into cement, real estate, and infra

Published

1 week ago

October 17, 2025

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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.