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Cement

"Improving Work-Life Balance: Strategies for Achieving a Healthier Lifestyle"

RAJNISH KAPUR takes us through the significant actions initiated by JK Cement.One of the core values of JK Cement is to create sustainable economic value for stakeholders while ensuring a positive impact around the communities they operate. The company has b...

RAJNISH KAPUR takes us through the significant actions initiated by JK Cement.One of the core values of JK Cement is to create sustainable economic value for stakeholders while ensuring a positive impact around the communities they operate. The company has built a solid governance ecosystem to ensure that efforts are carried out in a consistent, accountable and transparent manner. At the same time, to build value for all its stakeholders, JK Cement has initiated significant actions in four strategical areas as below.Cost excellenceIn cement, cost excellence is based on combining advantageous access to raw materials with operational excellence. The largest areas for cost improvement are usually thermal and electricity consumption, clinker factor, labour, maintenance and logistics. Our company has already initiated the process to operational excellence in energy-efficiency by creating performance transparency, focused approach on renewable energy and equipment effectiveness. In addition to standard parameters such as grade and throughput, additional levers are already identified by data analysis to understand the relationships between throughput, yield, energy and the environment at any production rate or product mix. We have also adopted better maintenance concepts to improve cost and using technology like Industry 4.0 and AI/ML to create new avenues to improve the cost further. We are using alternative fuel raw material for cost improvement and sustainable growth.Market strategy for profitable volume growthAcquiring comprehensive market intelligence to develop a clear view of the markets, the company operates in with an objective to determine the best possible price and volume-placement approach for each micro market. Also, building more attractive market portfolios by entering most attractive markets, focusing on improvements in existing markets, setting market-share aspirations, anticipating potential changes and developing a set of strategic initiatives to address opportunities and issues. The company is also continuously developing new products as per market needs to create more value for all stakeholders.Customer relationshipCommunication, commitment and value preposition to the customer are the main three pillars of strong customer relationship Communication: JK Cement is communicating with all stakeholders to understand their needs and challenges and we always try to provide solutions to create a sense of trust that we are always with them in all times. Commitment: To position JK Cement as a trusted partner, entire thrust is always on to deliver quality products and services promised and fulfil commitments to create an environment for long-term relationship. Value preposition: Buyer-seller relationships are based on the principle of exchange – each party expect or demand value from the business. JK always looks to create value for customers to make the relationship more solid by providing them the best quality products and services.Change mind-sets and build capabilitiesBusiness leaders should create an environment of openness, innovation and performance on the changes desired so that they can convincingly lead the change and take frontline staff along on the journey. They should leverage innovative technology tools throughout the learning experience to support enhanced engagement, skill transfer, etc. they should invest more in frontline force and first line managers to increase productivity; and identify and coach the internal talent to give them higher responsibility in the future. About the author: Rajnish Kapur, COO (Grey Cement Division), JK Cement, is a seasoned business leader with rich experience in the cement industry. He joined JK Cement as Business Head for the Grey Cement Division in 2014 and has led the transformation journey of the Grey Cement business.

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India to Invest Rs 600 Billion to Upgrade 1,000 ITIs

As part of its drive to modernise vocational training, the Ministry of Skill Development and Entrepreneurship (MSDE), in collaboration with Gujarat’s Labour and Employment Department, held a State-Level Workshop at the NAMTECH Campus within IIT-Gandhinagar to discuss the National Scheme for ITI Upgradation.The consultation brought together key stakeholders from industry and the training ecosystem to align expectations and support implementation of the scheme, which aims to transform 1,000 Industrial Training Institutes (ITIs) across India using a hub-and-spoke model. The total outlay stands ..

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India Unveils Rs 600 Billion Maritime Finance Push

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Govt Allocates Rs 500 Million To Boost Community Radio

The Central Government, through its ‘Supporting Community Radio Movement in India’ scheme, has allocated Rs 500 million to strengthen the community radio ecosystem across the country. The initiative aims to assist both newly established and long-operational Community Radio Stations (CRSs), ensuring their relevance to local educational, social, cultural, and developmental needs.According to the policy published by the Ministry of Information and Broadcasting, CRSs may be set up by not-for-profit organisations with at least three years of demonstrated community service. These stations are ex..

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