Concrete

We are adopting AI and ML tools

Published

1 year ago

October 19, 2023

admin

Sudhir Pathak, Head – Central Design and Engg (CDE), QA, Green Hydrogen, Hero Future Energies, talks about the benefits of renewable energy.

Tell us about the various means through which you supply renewable sources of energy.

We supply renewable energy (solar and wind) in different configurations such as rooftop solar, ground mount large scale solar, large scale wind, solar and wind combo (hybrid), solar and wind along with battery storage, etc. We have also started with micro wind-cum-solar (KW scale) format and green hydrogen, which is generated through renewable energy (RE). We are planning to produce and provide green hydrogen on a large scale.

Which of your renewable energy sources can contribute to the cement industry?

All the above mentioned sources can contribute to the cement industry. We supply renewable energy (solar/wind) from remote locations through open access. We have already done this for cement companies in tier I cities. Further, as the cement industry is one of the biggest scope-1 emitter of GreenHouse Gases (GHG), with green hydrogen, we can decarbonise it by transforming the heating processes.

Can renewable sources replace fossil fuels and produce similar results?

It is 100 per cent possible and this is going to happen. Renewable energy has the potential to replace scope 1, 2 and 3 emissions, which happen due to fossil fuel applications or due to feedstock. With renewable energy and green hydrogen replacing scope-2 emitters, derivatives such as green ammonia, green methanol and RE-based electrification can be the panacea we are looking for. It is definitely not easy and there are many challenges in this transition.

Replacing scope-2 emitters with 100 per cent RE sources would need long term storage, Statcoms, etc., which means higher costs and other challenges. These issues can be resolved in due course of time with the help of technology and policy support.

Tell us about the use of automation and technology.

As a technology-driven organisation, we always work ahead of the curve. In our operations, we are adopting artificial intelligence (AI) and machine learning (ML) tools for sweating our assets to the maximum. We have already deployed IoTs and data analytics in several of our machines, including wind farms, for predictive and prescriptive analytics.

What are the major challenges that you face?

The first major challenge in RE sources is availability of land and evacuation infrastructure. Secondly is policy consistency with reference to open access, captive structure, banking rules, etc.

And the third major challenge is availability of water for cleaning.

Tell us about the innovations that industries can look forward to in the near future.

1. Innovations in the field of data analytics.

2. AI/ML in the operations of solar and wind plants.

3. Long duration storage solution to model RE as base load station. Pumped hydro is currently being used but it is not a viable or long term solution. We need to have other solutions such as liquid air storage, metal air batteries, etc.

4. Innovations in hydrogen and its derivative space to make it viable.

Up Next

Gaztron : Transforming the Cement Industry’s Safety Standards with Unparalleled Innovation

Don't Miss

A Quest for Green Energy

Concrete

Construction Costs Rise 11% in 2024, Driven by Labour Expenses

Cement Prices Decline 15%, But Labour Costs Surge by 25%

Published

2 days ago

November 19, 2024

admin

The cost of construction in India increased by 11% over the past year, primarily driven by a 25% rise in labour expenses, according to Colliers India. While prices of key materials like cement dropped by 15% and steel saw a marginal 1% decrease, the surge in labour costs stretched construction budgets across sectors.

“Labour, which constitutes over a quarter of construction costs, has seen significant inflation due to the demand for skilled workers and associated training and compliance costs,” said Badal Yagnik, CEO of Colliers India.

The residential segment experienced the sharpest cost escalation due to a growing focus on quality construction and demand for gated communities. Meanwhile, commercial and industrial real estate remained resilient, with 37 million square feet of office space and 22 million square feet of warehousing space completed in the first nine months of 2024.

“Despite rising costs, investments in automation and training are helping developers address manpower challenges and streamline project timelines,” said Vimal Nadar, senior director at Colliers India.

With labour costs continuing to influence overall construction expenses, developers are exploring strategies to optimize operations and mitigate rising costs.

Concrete

Swiss Steel to Cut 800 Jobs

Job cuts due to weak demand

Published

3 days ago

November 18, 2024

admin

Swiss Steel has announced plans to cut 800 jobs as part of a restructuring effort, triggered by weak demand in the global steel market. The company, a major player in the European steel industry, cited an ongoing slowdown in demand as the primary reason behind the workforce reduction. These job cuts are expected to impact various departments across its operations, including production and administrative functions.

The steel industry has been facing significant challenges due to reduced demand from key sectors such as construction and automotive manufacturing. Additionally, the broader economic slowdown in Europe, coupled with rising energy costs, has further strained the profitability of steel producers like Swiss Steel. In response to these conditions, the company has decided to streamline its operations to ensure long-term sustainability.

Swiss Steel’s decision to cut jobs is part of a broader trend in the steel industry, where companies are adjusting to volatile market conditions. The move is aimed at reducing operational costs and improving efficiency, but it highlights the continuing pressures faced by the manufacturing sector amid uncertain global economic conditions.

The layoffs are expected to occur across Swiss Steel’s production facilities and corporate offices, as the company focuses on consolidating its workforce. Despite these cuts, Swiss Steel plans to continue its efforts to innovate and adapt to market demands, with an emphasis on high-value, specialty steel products.

Concrete

UltraTech Cement to raise Rs 3,000 crore via NCDs to boost financial flexibility

UltraTech reported a 36% year-on-year (YoY) decline in net profit, dropping to Rs 825 crore

Published

3 days ago

November 18, 2024

admin

UltraTech Cement, the Aditya Birla Group’s flagship company, has announced plans to raise up to Rs 3,000 crore through the private placement of non-convertible debentures (NCDs) in one or more tranches. The move aims to strengthen the company’s financial position amid increasing competition in the cement sector.

UltraTech’s finance committee has approved the issuance of rupee-denominated, unsecured, redeemable, and listed NCDs. The company has experienced strong stock performance, with its share price rising 22% over the past year, boosting its market capitalization to approximately Rs 3.1 lakh crore.

For Q2 FY2025, UltraTech reported a 36% year-on-year (YoY) decline in net profit, dropping to Rs 825 crore, below analyst expectations. Revenue for the quarter also fell 2% YoY to Rs 15,635 crore, and EBITDA margins contracted by 300 basis points. Despite this, the company saw a 3% increase in domestic sales volume, supported by lower energy costs.

In a strategic move, UltraTech invested Rs 3,954 crore for a 32.7% equity stake in India Cements, further solidifying its position in South India. UltraTech holds an 11% market share in the region, while competitor Adani holds 6%. UltraTech also secured $500 million through a sustainability-linked loan, underscoring its focus on sustainable growth driven by infrastructure and housing demand.