Cement News tagged under: Ambuja Cements
Ambuja Cements and ACC scoop sustainability awards26 June 2023, Published under Cement NewsAmbuja Cements and ACC , part of the Adani Group , have been recognised among ‘India's Top 50 Most Sustainable Companies’ by BW Businessworld. Ambuja Cements has also been named among ‘India’s Top 3 Most Sustainable Companies in the Infrastructure and Engineering Sector’ on the back of its “dedication to sustainability and outstanding success”, according to the company. Ajay Kapur, CEO, cement business, said, “We are immensely proud that both Ambuja and ACC have been recognised among... |
Adani Group in talks to refinance loan14 June 2023, Published under Cement NewsIndia's Adani Group is in talks with lenders to refinance up to US$3.8bn of a loan facility taken for its acquisition of Ambuja Cements Ltd last year, according to Bloomberg News. The group is reportedly deciding whether to convert the original loan into debt with a longer maturity period. Although the deal is yet to be finalised, Bloomberg News says the group is expected to conclude the process within four months with most of its existing lenders, including Barclays Plc, Deutsche Ba... |
ACC and Ambuja Cements launch new R&D centre25 May 2023, Published under Cement NewsACC and Ambuja Cements have launched a new research and development (R&D) facility at Kalamboli on the outskirts of Mumbai, India. The facility is designed to foster cutting-edge research, collaboration and the development of innovative solutions, to help drive progress, enhance cost optimisation and create sustainable solutions for the future of the cement and concrete industry. According to the companies, the facility will focus on new product development, productivity enhancement, red... |
Ambuja Cements adds 8Mta capacity15 May 2023, Published under Cement NewsAmbuja Cements is expanding its clinker capacity by 8Mta at its Bhatapara and Maratha units on the highest ESG standards with 42MW of waste heat recovery system, the ability to utilise 50 per cent alternative fuels and raw materials, and the provision to operate on green power. According to the company, the capacity expansion projects will enable the production of 14Mta of Blended Green Cement, following all requisite approvals. Ajay Kapur, Cement Business CEO of Ambuja Cements, sa... |
Ambuja Cement and ACC win influencer award18 April 2023, Published under Cement NewsAmbuja Cements and ACC , part of Adani Cement and the Adani Group, have scooped the Digital Customer Experience Award 2023 for ‘Best Customer & Influence Engagement Initiatives’, organised by Gainskills Media. Brands from across the banking, retail, manufacturing, logistics and supply chain, pharmaceuticals, automobile, and insurance sectors attended the event to showcase their customer experience initiatives. Ambuja Cements and ACC presented their customer and influencer engagement ... |
Indian cement volumes forecast to rise 6% in 4QFY22-2312 April 2023, Published under Cement NewsIndia’s cement sector is expected to see growth in the 4QFY22-23 of around six per cent YoY and 13 per cent QoQ, according to a new report by Antique Stock Broking Ltd (ABS). Industry volume is predicted to reach around 109Mta with a utilisation rate of 80 per cent in the 4QFY22-23. UltraTech Cement has already reported grey cement volumes of 30Mt, up 14 per cent YoY, implying a utilisation rate of 94 per cent on expanded capacities. The total cost per tonne of cement is forecas... |
Ambuja Cements wins community award28 March 2023, Published under Cement NewsAmbuja Cements , part of the Adani group, has scooped the Development Catalyst Award 2022 at the Livelihoods India Summit. Through its CSR arm, the company has been empowering the social and economic growth of communities located near to its manufacturing facilities, including the creation of farmers’ clubs, self-help groups, and women’s federations. A fund has also been set up to provide loans to local businesswomen to sustain their businesses, and provide financial assistance to farming f... |
Plants reopen as Adani resolves freight rate dispute21 February 2023, Published under Cement NewsAdani Cement has announced that ACC and Ambuja Cements will resume operations at two plants in Himachal Pradesh, India, after resolving issues over freight rates. According to Reuters, all stakeholders have amicably resolved the issues on freight rates and operations at the Gagal and Darlaghat plants would resume on 21 February 2023. The parties have reportedly agreed to what equates to a 10-12 per cent cut in overall freight rates from that date. The two plants have been shut ... |
Ambuja Cements 'preferred bidder' for Odisha limestone block20 February 2023, Published under Cement NewsAmbuja Cements has been announced as the “preferred bidder” for the Uskalvagu limestone block in Malkangiri district, Odisha. According to Livemint, the company has not revealed the bid amount for the block but said it is spread over 547 hectares with estimated limestone resources of 141Mt. “The company shall get the statutory licences and permits related to mining operations to be declared a 'successful bidder' and subsequently enter into a 'Mine Development and Production Agreement (... |
Ambuja Cements reports 11% QoQ revenue rise08 February 2023, Published under Cement NewsAmbuja Cements Ltd , part of the Adani Group , has reported an 11 per cent QoQ increase in revenue in the quarter ended 31 December 2022. Net revenue for the three-month period came in at INR80,360m (US$ 972.95m), compared to INR72,450m in the previous quarter, and INR77,100m in the same period a year earlier. EBITDA in the December 2022 quarter stood at INR11,380m, up from INR4360m in the previous quarter but down from INR12,130m in the same period in 2021. The EBITDA margin in the De... |