Cement News tagged under: ACC
Adani Group in talks with more lenders over acquisition loan21 June 2023, Published under Cement NewsThe Adani Group is reportedly in talks with at least five new international banks regarding its refinancing of US$3.8bn of loans taken for its acquisition of ACC Limited and Ambuja Cement in 2022. According to The Economic Times, the majority of the group’s existing lenders, including Standard Chartered, Barclays and Deutsche Bank, will also participate in the refinancing round. The group has reportedly begun discussions with two Taiwanese banks and a Malaysian bank among others to exp... |
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 Cement reports 8% growth in March quarter03 May 2023, Published under Cement NewsAmbuja Cement has reported standalone net revenue of INR42,560m (US$520.1m) in the quarter ended 31 March 2023, up from INR39,270m in the same quarter a year earlier, marking 8.4 per cent YoY growth. This growth comes despite the adverse impact on volumes of halting operations at the company’s Himachal Pradesh plants for 50 days during the three-month period. EBITDA over the same period advanced from INR8250m to INR9620m, while the EBITDA margin has improved from 21 to 22.6 per cent. P... |
ACC Ltd reports revenue growth01 May 2023, Published under Cement NewsIndia-based ACC Ltd has reported revenue from operations of INR47,907.7m (US$585.6m) in the three months ended 31 March 2023. This compares to INR44,265m in the same period a year earlier. Profit after tax in the 2023 quarter came in at INR2365.7m, down from INR3918.1m in the same quarter in the previous year. Earnings per share over the same period fell from INR20.86 to INR12.60. Revenue from cement operations in the three months ended 31 March 2023 stood at INR44,788.2m, up from INR4... |
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 ... |
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 ... |
ACC launches ACC ECOMaxX04 January 2023, Published under Cement NewsACC Ltd , the cement and building material company of Adani Cement and part of the Adani Group, is set to bring a new dimension to the building materials industry with the launch of ACC ECOMaxX, an expert range of green concrete solutions. ACC ECOMaxX is the industry’s broadest range of green concrete solutions, with 30-100 per cent lower embodied carbon content compared to a reference concrete designed with ordinary Portland cement (OPC). The products are developed using a Unique Gre... |
Adani Cement launches Geoclean waste management solution13 December 2022, Published under Cement NewsAdani Cement has launched its new waste management initiative, Geoclean, to reduce emissions from its cement production processes. Built on the foundation of sustainability and circular economy, Geoclean offers innovative waste management solutions to the agricultural, industrial and public/municipal sectors. Through the co-processing of waste from these sectors, Geoclean ensures the recovery of energy and recycling of materials, leaving zero residues, reports India CSR. “We are committ... |
Ambuja Cements and ACC lead the way on water positivity30 November 2022, Published under Cement NewsAmbuja Cements and ACC are leading the way in water positivity, according to a report in Business Standard. Over the last 20 years both companies have put initiatives in place to not only address water conservation in their production processes but also tackle water scarcity across India. Globally, Ambuja Cements is the only cement producer that has been recognised for its leadership in water security in CDP 2021 with the best ‘A’ score, while both companies have scooped numerous awar... |