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GVK awards Rs 19.8 bn order to L&T

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GVK Project and Technical Services awarded a Rs 1,985 crore contract to the infrastructure IC (independent company) of L&T Construction.

In a press statement, the company said the order was part of the Rs 2,503 crore fresh contracts secured by it across various segments.

The Rs 1,985 crore order pertains to major portion of works from 850 mw Ratle Hydroelectric power project located on the Chenab in the Kishtwar district of Jammu & Kashmir.

Another order, valued at Rs 397 crore, was bagged by L&T Buildings and Factories IC for construction of commercial building in Mumbai. The Water & Effluent Treatment business, meanwhile, bagged an order worth Rs 121 crore from the Public Health Engineering Department, Rajasthan for water supply in Fatehpur-Laxmanpur Rajasthan, the statement said.

L&T is a $12.8 billion technology, engineering, construction, manufacturing and financial services conglomerate with global operations.

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Concrete

CCU testbeds in Tamil Nadu

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Tamil Nadu is set to host one of India’s five national carbon capture and utilisation (CCU) testbeds, aimed at reducing CO2 emissions in the cement industry as part of the country’s 2070 net-zero goal, as per a news report. The facility will be based at UltraTech Cement’s Reddipalayam plant in Ariyalur, supported by IIT Madras and BITS Pilani. Backed by the Department of Science and Technology (DST), the project will pilot an oxygen-enriched kiln capable of capturing up to two tonnes of CO2 per day for conversion into concrete products. Additional testbeds are planned in Rajasthan, Odisha, and Andhra Pradesh, involving companies like JK Cement and Dalmia Cement. Union Minister Jitendra Singh confirmed that funding approvals are underway, with full implementation expected in 2025.

Image source:https://www.heavyequipmentguide.ca/

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Concrete

JSW Cement gears up for IPO

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JSW Cement has set the price range for its upcoming initial public offering(IPO) at US$1.58 to US$1.67 per share, aiming to raise approximately US$409 million. As reported in the news, around US$91 million from the proceeds will be directed towards partially financing a new integrated cement plant in Nagaur, Rajasthan. Additionally, the company plans to utilise US$59.2 million to repay or prepay existing debts. The remaining capital will be allocated for general corporate purposes.

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Concrete

Cement industry to gain from new infrastructure spending

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As per a news report, Karan Adani, ACC Chair, has said that he expects the cement industry to benefit from the an anticipated US$2.2tn in new public infrastructure spending between 2025 and 2030. In a statement he said that ACC has crossed the 100Mt/yr cement capacity milestone in April 2025, propelling the company to get closer to its ambitious 140Mt/yr target by the 2028 financial year. The company’s capacity corresponds to 15 per cent of an all-India installed capacity of 686Mt/yr.

Image source:https://cementplantsupplier.com/cement-manufacturing/emerging-trends-in-cement-manufacturing-technology/

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