Building Materials contribute atleast 50% to 75% of construction cost in India. Its usage is mostly accounted by the domestic housing sector which consumes a myriad materials like tiles, sanitaryware, glass, accessories besides cement, iron and steel. Though there is a rise of use of claybricks and fly ash bricks, rural area tend to use bamboo, timber, mud stones etc., Tiles consists mostly as a decorative item earlier now is showing impressive growth rate of 15% yoy. New tiles like wall tiles, vitrified tiles, printed tiles brings variety and drive growth. Most accessory items are dominated by unorganized sector except in metro and organized construction where branded items are used. Overall, building materials sector are witnessing growth at pace as in India, construction forms the seco
HIL Ltd is planning to expand its asbestos manufacturing plant in Jasdih in Deogarh district of Jharkhand. The project involves expanding Asbestos Cement Sheet manufacturing capacity from 72,000 tpa to 1,75,000 tpa. After expansion, the plant will produce fibre sheet and roofing sheets. Land required for the project is already available. The project cost is estimated at Rs. 170 million.
Supreme Court of India has lifted the ban of use of petcoke in cement and limestone industry. The move has been made after the realization that harmful sulphur oxide is absorbed in manufacturing process of cement. This decision has arrived after MoEF submitted that petcoke is mainly used as a feedstock, not as a fuel. The court has directed MoEF to ensure that the petcoke supplied to the cement industry will not be illegally diverted to other destinations.
Few cement companies have offered a huge discounted price of Rs. 125 / per bag to Rs. 180/bag to government infrastructure projects to boost cement demand in the country. Government of India has decided to buy cement transparently by asking bids to procure cement for government infrastructure projects. This will make construction of concrete roads feasible on par with bitumen roads. Further concrete roads offer less maintenance cost over a period of 10-15 years thereby bringing down the overall cost.