Concrete

Jury selects Indian Cement Review award winners; Awards to be presented at Cement EXPO 2023

Published

2 years ago

October 27, 2023

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Unveiling Future Tech Innovations

The Jury selected the winners of Indian Cement Review’s “Person of the Year”, “Lifetime Achievement Award” and “Fastest Growing Cement Companies” awardsICR award winners will be felicitated at the 14th Edition of Cement EXPO, India’s leading exhibition for the entire cement industry ecosystem that will be held from December 14-15, 2023, at Manekshaw Center, New Delhi.

Mumbai
The Jury – comprising head honchos of the infrastructure, construction and cement industries – met recently at Shangri La hotel in New Delhi to deliberate on and select the winners of the 7th Indian Cement Review (ICR) Awards. The awards are given for the fastest growing cement companies and stalwarts (under “Person of the Year” and “Lifetime Achievement” categories) for their contribution in the cement industry. ICR award winners will be felicitated at the 14th Edition of Cement EXPO, India’s leading exhibition for the entire cement industry ecosystem that will be held from December 14-15, 2023, at Manekshaw Center, New Delhi.

FIRST Construction Council (an infrastructure think tank) and Indian Cement Review, India’s leading cement publication that has been serving the industry for the last 38 years, are the organisers of the Cement EXPO and ICR Awards & Conference.

This year’s Jury for selecting ICR awards included prominent personalities like Debobroto Banerjee (Director & CEO, EWAC Alloys Ltd); Sumit Banerjee (Former Vice Chairman, Reliance Infrastructure, & Board of Governor, FIRST Construction Council); Dr LP Singh (Director General, NCCBM); KK Taparia (Advisor at Vadraj Cement); Dr Jayprakash Rao (Group President, International, Dineshchandra R. Agrawal Infracon Pvt Ltd); Nagesh Veeturi (Executive Director – Civil, KEC International Ltd); Rahul Ratnakar Deshmukh (MD, Fives India Engineering & Projects Pvt Ltd); and Pratap Padode (Founder & President, FIRST Construction Council).

ICR’s fastest growing cement companies awards are given in three categories – Large (companies having turnover above Rs 5000 crore), Medium (companies having turnover between Rs 2000 crore to Rs 5000 crore), and Small (companies having turnover below Rs 2000 crore). ICR “Person of the Year Award” recognises the heroes of cement industry who have made remarkable achievements during the year. ICR “Lifetime Achievement Award” is presented to the individual who has provided outstanding service to the cement industry for the sustained period of years and has had a significant impact on a large number of individuals and organisations.

After in-depth analysis and thorough deliberations, the Jury selected the winners of the 7th Indian Cement Review Awards.

While the winners of ICR’s “Fastest growing cement companies”, “Person of the Year” and “Lifetime Achievement Award” were selected by the Jury during the meeting, nominations for other prestigious awards are still open. Companies can still nominate themselves under following categories:Innovation of the yearCSR Company of the yearGreen Factory of the yearProduct of the yearExcellence in Sustainability

To nominate for the above awards and to exhibit & know more about Cement EXPO, click here.

With the theme of “Driving Sustainability Through Technology”, Cement EXPO 2023 will be co-located with the 9th Indian Cement Review Conference (which will address the cement industry’s ambitions to deliver sustainable, low-carbon cement) and the 7th Indian Cement Review Awards (where fastest growing cement companies and industry stalwarts will be awarded). The EXPO is expected to have over 100 exhibitors and attract more than 5,000 quality visitors.

The 14th Cement Expo will witness participation of a diverse range of exhibitors representing different facets of the cement industry, including: Cement Equipment Manufacturers; Cement & Concrete Manufacturers; Raw Material Suppliers; Cement Testing and Quality Control Equipment Provider; Construction Equipment; Automation & IT Solutions Providers; Admixtures and Chemical Suppliers; Concrete Reinforcement and Structural Systems; Logistics and Transportation Service Providers; and Material Handling Solutions, among others.

For more information on Cement EXPO 2023, you can reach out to Mr Sujoy Gomes (on Mob: 86577 95881; and email: sujoy.g@asappinfoglobal.com).

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

6 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

2 weeks 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

2 weeks 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.