Cement News tagged under: Ambuja Cements
Ambuja leads the industry in joining Alliance for Industry Decarbonisation04 October 2024, Published under Cement NewsAmbuja Cements , part of the Adani Group , has become the first cement manufacturer globally to join the Alliance for Industry Decarbonisation (AFID). The AFID, coordinated by the International Renewable Energy Agency (IRENA), seeks to accelerate the transition to Net Zero for energy-intensive industries in line with the Paris Agreement. Ambuja has set a target to achieve Net Zero emissions by 2050, with its targets validated by the Science Based Targets initiative (SBTi). As part of it... |
Ambuja's proposed Ramannapet plant sparks local outcry over pollution01 October 2024, Published under Cement NewsPlans for a new cement factory near Ramannapet have raised concerns among local residents over potential environmental impacts. The proposed plant, submitted by Ambuja Cement , would cover 70a and represents an investment of INR14bn (US$ 167.1m) . The land, originally acquired for a dry port several years ago, has now been earmarked for the cement plant, sparking alarm among farmers and residents. Concerns focus on the possible release of toxic gases, which could affect air quality, wate... |
Ambuja is first global cement company to join Alliance for Industry Decarbonization26 September 2024, Published under Cement NewsAmbuja Cements , part of the Adani Group, has become the first cement company in the world to join the Alliance for Industry Decarbonization (AFID). The alliance, coordinated by the International Renewable Energy Agency (IRENA), is aimed at accelerating the transition to Net Zero in energy-intensive sectors in line with the Paris Agreement. This move underscores Ambuja's commitment to achieving Net Zero by 2050, with its targets validated by the Science Based Targets initiative (SBTi). I... |
Kiln Services Pvt Ltd completes Ambuja ball mill project12 August 2024, Published under Cement NewsKiln Services Pvt Ltd has executed a cement ball mill job for Ambuja Cement Ltd’ s Roorkee plant ( Adani Cement group ). The job has been carried out within the stipulated time and the ball mill started and is running successfully without any abnormalities. The scope of work at Roorkee includes replacement of locating ball mill tyre, reversal of girth gear and alignment, plus replacement of pinion with bearing. |
Ambuja Cements posts profit growth in June 2024 quarter31 July 2024, Published under Cement NewsAmbuja Cements Ltd , part of Adani Cement , has reported total income of INR49,361m (US$589.4m) in the quarter ended 30 June 2024, down slightly from the INR49,571m seen in the previous quarter, but up marginally from the INR49,191m posted in the quarter ended 30 June 2023. Profit before tax fell from INR8665m in the June 2023 quarter to INR6810m in the quarter ended 31 March 2024, before recovering to INR7675m in the June 2024 quarter. Profit after tax over the same time frame fell fro... |
Ambuja Cements acquires Penna Cement17 June 2024, Published under Cement NewsAdani Group subsidiary Ambuja Cements has acquired Penna Cement Industries Ltd (PCIL) for INR104,220m (US$1274m). Following this latest acquisition Adani Cement 's production capacity increased to 89Mta. It would also provide sufficient limestone reserves to Ambuja Cement. By 2028 Adani targets a total production capacity of 140Mta capacity and around 20 per cent market share. In a regulatory filing, Ambuja Cements Ltd said it will acquire 100 per cent shares of PCIL from ex... |
Ambuja Cements commissions unloader at Karanja Port to speed up deliveries23 May 2024, Published under Cement NewsAmbuja Cements has commissioned a bulk cement vessel unloader at Karanja Port, India. According to BusinessLine, the investment has been made to enable the company to easy transport cement from its Sanghipuram plant to Mumbai. It forms part of Ambuja’s ongoing efforts to optimise operational efficiency, reduce logistics challenges, and provide its customers with a seamless supply chain. By reducing the lead time to delivery, Ambuja hopes to help meet cement demand in Mumbai, which is ... |
Gautam Adani raises stake in Ambuja Cements18 April 2024, Published under Cement NewsGautam Adani and his family have made a further investment in Ambuja Cements . Injecting another INR83,390m (US$998.3m) into the business has increased their stake in the cement producer to 70.3 per cent. This follows a previous injection of funds on 28 March this year, raising their stake to 66.7 per cent. According to The Telegraph, this latest investment will help Ambuja accelerate its growth plans which aim to double its cement production capacity from 76.1Mta, as at the end of 202... |
Ambuja Cements acquires 1.5Mta Tuticorin grinding unit16 April 2024, Published under Cement NewsAmbuja Cements , part of the Adani Group , has signed a definitive agreement to acquire a 1.5Mta grinding unit from My Home Industries Group . The deal, which involves the Tuticorin facility in Tamil Nadu, India, has an estimated value of INR4137.5m (US$49.6m), which will reportedly be funded through internal accruals. The acquisition will take Adani Group’s total cement production capacity to 78.9Mta and will enhance the company’s coastal footprint across the southern markets of Tam... |
Ambuja and ACC cements gain GRIHA recognition15 April 2024, Published under Cement NewsAmbuja Cements and ACC have achieved certification for their sustainable blended cement products and are now enlisted in GRIHA's Product Catalogue. According to the companies, this underscores their leading role in green cement production and commitment to achieving net zero emissions by 2050. GRIHA Council is an independent society developed for the promotion and adoption of sustainable habitats in the Indian subcontinent. It was established in 2007 with the combined efforts of the ... |