Cement News tagged under: Ambuja Cements
Ambuja Cement announces greenfield investment and CEO resignation13 December 2018, Published under Cement NewsThe Board of Directors of Ambuja Cements Ltd (LafargeHolcim group) has approved an initial investment of INR3,900m (US$54.1m) for the first phase of the 1.7Mta greenfield clinker line project at Marwar Mundwa in the State of Rajasthan, India. The Board of Directors of the company has also approved an additional clinker capacity of 1.4Mta (taking the total clinker capacity to 3.1Mta), additional cement grinding capacity of 1.8Mt and a captive power plan and waste heat recovery system at Ma... |
Ambuja Cement ranks highly in global CDP report19 April 2018, Published under Cement NewsIndia’s Ambuja Cements Ltd has been ranked as number two in the world in the latest report from the Carbon Disclosure Project (CDP). The report features 13 of the largest publicly-listed companies, which account for 15 per cent of global cement production, and highlights their business readiness for a low-carbon economy transition. "We are delighted with the CDP’s World ranking – and even more as we have topped in the Climate Governance & Strategy. In fact, CO2 emissions’ reduction is one ... |
ACC and Ambuja to supply discounted cement to each other13 March 2018, Published under Cement NewsACC Ltd and Ambuja Cements have agreed to supply cement to each other at a discount, according to Bloomberg. The agreement also covers the supply of clinker, fuel, fly ash, slag and gypsum. According to the pricing formula, either company would receive a five per cent discount on the average net selling price. Cement prices in India Cement prices have fallen across India in March, according to the Kotak Institutional Equities’ dealer survey. Prices have decreased by INR9/bag (US$0.14/bag... |
ACC and Ambuja place merger on hold27 February 2018, Published under Cement NewsACC Ltd and Ambuja Cements Ltd have placed their proposed merger on hold due to constraints related to the transfer of mines under current laws, reports the Hindustan Times. "The current regime on transfer of mineral concessions is still evolving and does not provide for a merger currently," said a spokesperson for ACC. "Given the challenges of achieving such transfers across 18-20 states, it was found prudent not to pursue the same at this point of time." The merger has been under re... |
LafargeHolcim's Ambuja Cement to build new 3.1Mta Rajasthan plant21 February 2018, Published under Cement NewsLafargeHolcim will strengthen its presence in India with the construction of a new cement plant in Marwar Mundawa, in the state of Rajasthan. The CHF200m (US$213.4m) investment will serve customers in the north, including Delhi. The new plant, which is being set up by the group’s subsidiary Ambuja Cement will have a clinker capacity of 3.1Mta and is due for commissioning in the second half of 2020. Jan Jenisch, group CEO of LafargeHolcim, said: "India is the second-biggest global cement ... |
Ambuja Cements Ltd posts 89% leap in 4Q17 profits21 February 2018, Published under Cement NewsAmbuja Cements Ltd (LafargeHolcim Group) has reported an 89 per cent jump in quarterly profit, helped by higher cement sales volume. Stand-alone profit rose to INR3.38bn (US$52.2m) in the fourth quarter ended 31 December 2017, from INR1.79bn a year earlier. Cement sales volume rose to 5.87Mt in the quarter, from 5Mt in the 4Q16. Net quarterly sales advanced 19 per cent YoY to INR26.12bn. |
Ambuja Cements sees 9.7% net profit rise in 3Q25 October 2017, Published under Cement NewsLafargeHolcim-owned Ambuja Cements' standalone unaudited income remained stable in 3Q17 at INR24.73bn (US$379.8m) when compared with the previous year (3Q16: INR24.72bn) but noted a 25.4 per cent drop when compared with 2Q17, when it reached INR33.16bn. Profit before tax rose 11.3 per cent YoY to INR3.36bn from INR30.02bn but saw a 38.6 per cent decrease QoQ (2Q17: INR5.47bn) while net profit reached INR2.72bn, up 9.7 per cent from INR2.48bn in 3Q16, but down 31.3 per cent from INR3.92bn ... |
Ambuja Cement disrupted by trucker strike10 October 2017, Published under Cement NewsCement and clinker truckers carried through their Monday strike in Himachal Pradesh over various demands, including a revision of the Goods and Service Tax rates and an end to daily revision of diesel prices, reports The Tribune. "We are observing the day-long strike on the call for a nationwide strike," said truckers’ association spokesperson Ram Kishan Sharma. More than1200 truckers were on strike, refusing to lift for transportation cement and clinker of Ambuja Cement from its two... |
Ambuja Cements receives state nod for new grinding plant04 July 2017, Published under Cement NewsOdisha's State Level Single Window Clearance Authority (SLSWCA) on Friday gave Ambuja Cement the go-ahead to construct a 1.5Mta cement grinding unit. The LafargeHolcim group's Indian concern has proposed the facility be established on 125 acres of land at Jharsuguda, according to Business Standard India. |
LafargeHolcim expected to announce merger deal for ACC and Ambuja Cements06 February 2017, Published under Cement NewsLafargeHolcim, the parent company of ACC and Ambuja, is considering merging its two Indian cement majors, sources told CNBC-TV18. LafargeHolcim owns 63 per cent in Ambuja Cements. In November last year, the parent company had increased its stake in ACC and Ambuja Cements by four and two per cent, respectively. Ambuja Cements, already owns a 50.05 per cent stake in ACC. LafargeHolcim said it did not wish to comment on speculation, but sources tell CNBC-TV18 that the merger is likely to hap... |