JK Lakshmi Cement to expand capacity in northern and western India

Union Budget 2024-25: Opinions

Some key highlights related to cement and the building material Industry are:

# Government to launch a scheme to help deserving sections of the middle class living in rented houses or slums or chawls and unauthorised colonies to buy or build their own houses - Likely positive for cement and building material.

# Capex outlay for next year increased by 11.1 per cent to Rs 11.11 tn i.e. 3.4 per cent of GDP – Infrastructure development remains in focus.

# Three major economic railway corridor programmes will be implemented. These are

a) energy, mineral and cement c..

Revolutionising the Indian Cement Industry

In a landmark event at the prestigious Manekshaw Centre, New Delhi, the 14th Cement Expo and 9th Indian Cement Review Conference 2023 unfolded a two-day symphony of innovation and collaboration. Inaugurated by Dr Vibha Dhawan, Director General, TERI, Ali Emir Adiguzel, Founder and Director, World Cement Association, and Pratap Padode, Founder, FIRST Construction Council (FCC), the conference aimed to propel the Indian cement industry into a sustainable future marked by technological advancements.

The 9th Indian Cement Review Conferen..

JK Lakshmi’s Durg unit to be greenest among cement industry

JK Lakshmi Cement, one of India’s leading cement manufacturers signed an agreement with Amplus Solar to set up a 56 MWp solar power plant for its Durg facility, located in Chhattisgarh.

The company has always been at the forefront and has been working towards reducing its carbon footprint. With this initiative, JK Lakshmi Cement in the very first year will be able to replace 92 million units with green electricity that will help reduce its CO2 emissions by 73,000 Metric Tons, equivalent to over 33 lakhs trees saved.

Vinita Singhania, Vice Chairperson & Managi..

Shree Cement incurs Rs 6.62 billion profit for Q4; beats expectations

Shree Cement, India's third-largest cement manufacturer by market capitalisation announced a fourth-quarter profit that exceeded, attributing it to increased volumes driven by lower cement prices. Typically, cement companies witness a surge in volumes in the March quarter as they reduce prices to clear year-end inventory backlogs.

Analysts had anticipated that reduced fuel costs would partially offset the decline in prices. Shree Cement's profit for the quarter ending March 31 reached Rs 6.62 billion, surpassing street forecasts of Rs 6.20 billion, as per LSEG data. This marked a si..

Jaishankar Highlights Mumbai-Ahmedabad Bullet Train Benefits

india's vision of a modern and interconnected transportation network. Foreign Minister S Jaishankar has emphasised the significant benefits of the Mumbai-Ahmedabad bullet train project, citing its potential to revolutionise transportation and boost economic growth. Speaking on the project, Jaishankar highlighted its role in enhancing connectivity, fostering economic development, and strengthening bilateral ties with Japan.

The Mumbai-Ahmedabad bullet train project, a flagship infrastructure initiative between India and Japan, aims to reduce travel time between the two cities from hour..