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Hindalco to invest around Rs 10k cr in Hirakud, Silvassa, Mundra plant

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Hindalco Industries, an Aditya Birla Group subsidiary, is set to invest Rs 8,000-10,000 crore in the Hirakud, Silvassa, and Mundra facilities.

The funds will be used to expand flat rolling capacity in Hirakud, Odisha, build a new extrusion factory in Silvassa, Dadra and Nagar Haveli, and build a greenfield site with a recycling facility in Mundra, Gujarat, according to the Annual Report 2020-21 of Hindalco.

Hindalco announced that over the next three to seven years, it expects to expand its aluminium downstream business with an emphasis on value-added products (VAP) and that its products will cater to specific requirements for a variety of aluminium applications.

The flat-rolled product capacity of the Hirakud facility is anticipated to reach 3,40,000 tonnes per year.

The extrusion plant in Silvassa will have a capacity of 34,000 tonnes per year and three extrusion presses to serve premium customers in the building and construction, automobile and transportation, electrical, consumer and industrial goods sectors.

Furthermore, land acquisition for a new extrusion and recycling unit in Mundra is in the works, with a capacity of 93,000 tonnes per year.

In India, the emphasis is still on downstream value-added offerings, especially in the Flat-Rolled Products (FRP) and extrusions segments.

The company cites that it is committed to deploying resources to transform this vertical into a future EBITDA growth driver since the market segment presents significant untapped opportunities.

Demand for aluminium in the country trails far behind that of the rest of the world. According to the report, this, combined with lower per capita aluminium consumption, bodes well for strong demand growth in the medium to long term.

In terms of its operations in India, the company said that expanding the Utkal Alumina refinery will improve operational efficiencies while it continues to invest in modernising existing alumina capacities, resulting in higher quality output and lower on-site costs.

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Concrete

15th Cement EXPO to be held in March 2025 in Hyderabad

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Cement EXPO 2025, which will be held along with the 10th Indian Cement Review Conference and the 8th Indian Cement Review Awards, promises to be bigger, drawing in greater participation, fostering more profound discussions and showcasing the continued evolution of the cement industry.

Mumbai

After the arousing success of the 14th Cement EXPO, which was held on December 14-15, 2023 at Manekshaw Centre along the 9th Indian Cement Review Conference and the 7th Indian Cement Review Awards, the next edition of Cement EXPO will be hosted in March 2025 in Hyderabad. The 15th Cement EXPO promises to be bigger and even more impactful than 2023 edition with more participating companies and larger exhibition area. The 3-in-1 event is organised by FIRST Construction Council (an infrastructure think tank) and Indian Cement Review (ICR).

The 14th Cement EXPO received big thumps up from the industry with over 1,500 senior managers/decision makers visiting the expo. The EXPO was inaugurated by Dr Vibha Dhawan, Director General, TERI; and Ali Emir Adiguzel, Founder and Director, World Cement Association, along with Pratap Padode, Founder, FIRST Construction Council (FCC). Top notch companies from the Indian cement industry’s supply chain presented their latest innovations and offerings in the sprawling two-tiered exhibition space.

The 14th Cement EXPO garnered significant support from the Ministry of Road Transport and Highways, Government e-Marketplace (GeM), and the Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce and Industry, Government of India (GoI).

The 7th Indian Cement Review Awards presented awards to 11 companies in different categories recognising their contribution to growth and innovation in the industry. While Parth Jindal (Managing Director of JSW Cement) was conferred with the Indian Cement Review – Person of the Year Award 2023, Vinita Singhania (Vice Chairman and Managing Director at JK Lakshmi Cement Ltd) was presented with the prestigious Lifetime Achievement Award.

With a theme centred on ‘Driving Sustainability Through Technology’, the 9th Indian Cement Review Conference hosted thought provoking discussions, panel sessions, and presentations, showcasing the industry’s commitment to embracing cutting-edge solutions.

The success and resonance of the 2023 edition has laid the groundwork for the 15th Cement EXPO 2025, which is bound to be bigger, drawing in greater participation, fostering more profound discussions and showcasing the continued evolution of the cement industry.

The EXPO, along with the 10th Indian Cement Review Conference and the 8th Indian Cement Review Awards, will contribute significantly to the ongoing transformation of the cement industry.

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Concrete

Shree Cement breaks ground at two sites

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Shree Cement has recently commenced the construction of two new 3.5Mt/yr cement plants in Etah and Prayagraj, Uttar Pradesh, as per news reports. This development is in line with the company’s memorandum of understanding (MoU) with the Uttar Pradesh government, signed in February 2023. With the aim of achieving 9Mt/yr in installed capacity by February 2026, the company plans to invest an estimated US$241 million. Currently, Shree Cement operates a 2Mt/yr integrated cement plant in Bulandshahr.

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Concrete

JK Lakshmi Cement records hike in profits

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JK Lakshmi Cement announced a significant increase in standalone net profit, which jumped by 69 per cent to Rs.124.06 Crores in the Oct-Dec 2023 quarter. The company achieved a 7 per cent increase in standalone net sales and reported a clinker capacity utilisation of 105 per cent and cement capacity utilisation of 79 per cent in the same quarter. The company attributed its improved profitability to higher volume, better product and sales mix, and a reduction in fuel costs.
In terms of sustainability initiatives, the company is implementing projects to enhance its TSR and WHR capacity, as well as sourcing solar power to increase the share of renewable energy at its Durg Cement Plant. Additionally, the company’s subsidiary, Udaipur Cement Works Ltd (UCWL), successfully commissioned its second clinker line and is expected to commission its cement grinding capacity expansion soon.
The company is also undertaking expansion projects, including increasing clinker capacity and establishing cement grinding units at various locations, with a proposed investment of Rs.2,500 crores. Funding for this project is proposed to be through term loans from banks and internal accruals. The company also announced an interim dividend of 40 per cent.

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