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COMPAT sets aside Rs 6,300 cr penalty on 11 cement cos

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The Competition Appellate Tribunal (COMPAT) has provided temporary relief to the 11 cement companies which had been slapped with a penalty of Rs 6,300 crore by the Competition Commission of India (CCI) for alleged cartelisation in FY10 and FY11. In 2012, CCI had imposed this penalty to be paid on 50 percent of profits earned by each of the eleven companies in FY10 and FY11. Corporate tax lawyer, HP Ranina, says this move by COMPAT will give the companies an opportunity to prove that they did not resort to cartelisation and the prices were independently based on the demand supply situation and other relevant factors. COMPAT has directed the CCI to pass fresh orders to the companies within the next three months.

?The commission should follow comprehensive protocol and conduct inquiry?, COMPAT said. Meanwhile, CCI said that it will refund the 10 per cent amount deposited by the companies so far, towards the penalty obligation.

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Concrete

WCA Welcomes SiloConnect as associate corporate member

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The World Cement Association (WCA) has announced SiloConnect as its newest associate corporate member, expanding its network of technology providers supporting digitalisation in the cement industry. SiloConnect offers smart sensor technology that provides real-time visibility of cement inventory levels at customer silos, enabling producers to monitor stock remotely and plan deliveries more efficiently. The solution helps companies move from reactive to proactive logistics, improving delivery planning, operational efficiency and safety by reducing manual inspections. The technology is already used by major cement producers such as Holcim, Cemex and Heidelberg Materials and is deployed across more than 30 countries worldwide.

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Concrete

TotalEnergies and Holcim Launch Floating Solar Plant in Belgium

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TotalEnergies and Holcim have commissioned a floating solar power plant in Obourg, Belgium, built on a rehabilitated former chalk quarry that has been converted into a lake. The project has a generation capacity of 31 MW and produces around 30 GWh of renewable electricity annually, which will be used to power Holcim’s nearby industrial operations. The project is currently the largest floating solar installation in Europe dedicated entirely to industrial self-consumption. To ensure minimal impact on the surrounding landscape, more than 700 metres of horizontal directional drilling were used to connect the solar installation to the electrical substation. The project reflects ongoing collaboration between the two companies to support industrial decarbonisation through renewable energy solutions and innovative infrastructure development.

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Concrete

Cortec® Corporation applauded for its strong safety performance

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Cortec® Corporation has been recognised for its strong safety performance, receiving its sixth Governor’s Workplace Safety Award for its outstanding performance in 2025. As a Silver Achievement recipient, the company continues to maintain safety metrics well above national industry averages, an impressive accomplishment for a chemical manufacturing organisation. This achievement reflects Cortec’s proactive approach to workplace safety, focused on early hazard detection and employee involvement. The company will be formally recognised at the Minnesota Safety and Health Conference in May, highlighting how industrial companies are effectively strengthening workplace safety standards.

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