Page 24 - Digital October2022.indb

INTERACTION COVER STORY

industry in India is clearly to meet the growing needs of infrastructure workmanship is responsible for poor quality construction. Use of
and housing development by limiting the impact of its burdens RMC will also reduce pollution and wastage of raw materials and
in CO2 emissions. This can be drastically improved by using the help in early execution of projects.
use of alternative materials in construction and supplementary The government must ensure growth of the construction industry
cementing materials as partial replacements to OPC. By knowing by making RMC a mandatory item in the specifications for all
the numerous advantages of industrial by-products, Ready-Mixed government jobs and any private project of value exceeding
Concrete (RMC) industries have partially replaced the cement with 1crore. It should also pass regulations for all metro and tier 2
Flyash, GGBS, which are by-products of other industries, because cities to use RMC and stop piling of construction materials like
of enrich properties of these supplementary materials like quality, aggregates and sand on public roads at construction sites.
availability and low cost these are widely used for construction Currently, in major metro cities, movement of trucks is restricted
which enriches the workability, durability and sustainability. due to no-entry for certain times of the day. We feel that the
Government should provide some relief for RMC carrying trucks in
Your strategy in a price sensitive market like India cities to enable faster construction activities.
The Cost of Quality is our prime focus. For the RMC business, the Sustainable concrete construction should be one of the main
equation is an ever changing formula due to volatile market agendas of the construction sector. Increasing the use of industrial
dynamics, in addition to variation in raw material quality and by-products such as Fly Ash, GGBS, etc. will help in enhancing the
prices w.r.t. time. Having said that, our External failure costs are sustainability of concrete.
minimum, since that has cascading effects on many aspects Use of higher grade of concrete should be promoted to reduce
of the business. But this again comes at a cost leading to high the column/beam size thereby reduced the dead load of the
prevention and appraisal costs, while very low internal failure costs. whole structure. This would lead to reduced material consumption
per square m and existing resources like aggregates and high
Major problems faced in maintaining consistency of quality in grade limestone’s used for cement can be saved or preserved
your RMC products. for future generations. Higher grade of concrete will have better
One of the major problems in maintaining a consistent product is durability and lower maintenance or replacement cost.
frequently changing source of raw materials that go into making
concrete. This also presents unique opportunity in propelling Future outlook on RMC in India, from industry and from a
our Research and Development Team to push the boundary, company perspective.
thereby developing new /improving existing services of Product. To
overcome these challenges our teams have to continuously work
and fine tune our recipes so that final properties of the product Currently RMC Sector is growing at a rate of 15-20% YOY and
are not affected in any way. Our teams predicts the trend in the we expect that this will go above 20-25-% YOY in coming years.
market and be ready with the alternatives to that our business in Currently we are growing at 19 % CAGR and expected to grow
not effected in any way. at the faster pace in coming years. In India, the use of RMC is
still at a relatively nascent stage as compared to that of many
What kind of government policy will foster growth of the RMC developed countries. Therefore we can see increase in use of
sector? RMC in coming years. India’s infrastructure development is going
Faster urbanization of major cities will need RMC plants to be set up up as per latest budget announcement and government plans to
within city limits as the product is highly perishable product. In fact, restructure the national highways, airports and Metro rail projects.
this should be part of urban town planning. RMC usage should be We have proven expertise in the Infra, residential, commercial
encouraged by making it mandatory to use as sustainable and Projects including roads and low cost housing. All these will help us
durable concrete for increased lifespan of the construction. Site in capturing such projects in future. We are also planning to grow
mixes with untrained manpower should be stopped as such poor towards north Eastern states.

24 CONSTRUCTION OPPORTUNITIES|OCTOBER 2022