• N Srinivasan, Vice-Chairman and Managing Director of India Cements said, “By the time the next settlement (wage) comes, in 2022, we will have significantly fewer permanent employees across all our manufacturing facilities put together,” adding that the unions have realised that their main constituency (permanent workers) has already gone and that they are mobilising contract workers in order to stay relevant.
  • India’s cement sector growth witnessed a decline of almost 3 percentage points in last year due to various factors, including global sentiments and cash flow, an industry expert said.
  • The growth rate came down to 2% during last year from a compound annual growth rate (CAGR) of 5-6% in last five years, Wonder Cement MD Jagdish Chandra Toshniwal told.
  • https://www.business-standard.com/article/companies/reliance-launches-new-road-project-to-counter-pushback-against-plastics-120012900169_1.html
  • The Road Transport, Highways and MSME Minister said that projects specially about Rs 1 lakh crore Delhi-Mumbai express highway can offer instant right of way to players interested in setting up LNG stations, electric charging stations or petrol pumps.
  • Reliance Industries is launching a project to use plastics in road construction, amid growing concerns over pollution in the country of 1.3 billion whose major cities are often plagued with smog and litter.
  • Leading mining, power, and metals companies raised several concerns in the upcoming auction of coal mines for commercial mining.  They told the coal ministry officials that seeking financing for commercial mining would be a major issue, sources said.
  • The ministry of coal has released a probable list of 84 mines which will be offered for auction. They have geological reserves of 22,360 million tonne.
  • Road transport minister Nitin Gadkari has committed that the Delhi-Mumbai expressway will be built within next three years.  The deadline for the expressway has been fixed for January 26, 2023. The expressway will reduce the travel time to 12 hours.