Cement News tagged under: Ambuja Cements

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Ambuja Cements has seen a 7% increase in net profit

29 April 2020, Published under Cement News

India’s Ambuja Cements has seen a 6.8 per cent increase in its consolidated net profit to INR7.43bn (US$97.5m) for the first quarter of 2020, compared to INR6.95bn in the year-ago period. However, revenue from operations declined 8.5 per cent YoY to INR62.5bn in the 1Q20, following a decline in volumes due to the country’s lockdown status. On a standalone basis, Ambuja Cements saw a 6.5 per cent YoY fall in first-quarter net profit to INR3.99bn from INR4.27bn. Revenue from operations w...

Ambuja Cements seeks production start from 20 April

20 April 2020, Published under Cement News

LafargeHolcim subsidiary Ambuja Cements plans to start production in phases at its plants across India from 20 April and is seeking government approval. The company had suspended operations on 23 March due to the coronavirus pandemic. The company is taking steps to adhere to the standard operating procedure for social distancing mandated by the government in the new guidelines issued by the government on 15 April, it said in a regulatory filing. "The company is seeking necessary permissio...

ACC and Ambuja Cement announce new MDs & CEOs

25 February 2020, Published under Cement News

ACC (LafargeHolcim group) has appointed Sridhar Balakrishnan as its new managing director and chief executive officer for five years effective from 21 February 2020. Mr Balakrishnan will be taking over the position from Neeraj Akhoury, who has resigned with effect from close of business hours of 20 February 2020. Mr Akhoury will take over the role of MD and CEO of Ambuja Cements from 21 February 2020 but will continue as a non-executive member of ACC's board of directors. Meanwhile, Bimlen...

Ambuja Cements names Neeraj Akhoury as MD and CEO

21 February 2020, Published under Cement News

Ambuja Cements has appointed Neeraj Akhoury as its new managing director and chief executive officer with effect from 21 February 2020, the company said in a press release. He will succeed from Bimlendra Jha, who resigned to pursue other interests. Mr Akhoury was previously MD and CEO of ACC Ltd and has 27 years of experience across multiple roles including sales and marketing, logistics and corporate affairs.  Mr N S Sekhsaria, Ambuja Cements’ chairman, said: "We are pleased to have Nee...

Ambuja Cement launches 'Ambuja Plus Cool Walls'

02 April 2019, Published under Cement News

Ambuja Cements Ltd (LafargeHolcim group) has launched 'Ambuja Plus Cool Walls' for Individual Home Builders (IHB) in Thane district, India. The product ensures maintenance of a 5°C temperature difference indoors, no matter how hot or cold the external temperature is. Developed by Ambuja’s in-house team, the product embeds 'Heat Barrier' technology to keep indoors warm during the winter and cool during the summer. Deepak Mehra, chief marketing officer of Ambuja Cement, said: "Since our ince...

LafargeHolcim

04 March 2019, Published under Cement News

LafargeHolcim’s Indian subsidiary ACC Ltd reported an 8.5 per cent rise in cement deliveries in 2018 to 28.4Mt and in the fourth quarter the advance was 8.7 per cent to 7.5Mt. Cement capacity increased by 5.9Mta thanks to a new greenfield operation in Madhya Pradesh and a new grinding plant in Uttar Pradesh as well as expansions to the plants in Tikaria and Sindri. Ready-mixed concrete deliveries improved by 16.6 per cent to 3.16Mt in the year, helped by the commissioning of 18 new plants du...

Ambuja sees 188% 4Q net profit surge

19 February 2019, Published under Cement News

Ambuja Cements' sales rose 6.7 per cent to 13.63Mt in the quarter ended 31 December 2018 from 12.78Mt in 4Q17. This resulted in a total income of INR68.552bn (US$959.7m) in the October-December 2018 quarter, up 9.3 per cent YoY, while consolidated net profit surged 188 per cent to INR13.779bn. In its outlook LafargeHolcim-owned Ambuja Cements said the higher investment in the road network and housing sector, announced in India’s interim Budget 2019 will help boost economic development in ...

Ambuja Cements announces plant expansion project

15 February 2019, Published under Cement News

India’s Ambuja Cements Ltd is planning to expand manufacturing capacity from 2.4Mta to 3.4Mta at its Jala Dhulagori facility in West Bengal. While the company is awaiting environmental clearance, work on the project is expected to begin by October 2019. 

Ambuja Cement announces greenfield investment and CEO resignation

13 December 2018, Published under Cement News

The 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 report

19 April 2018, Published under Cement News

India’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 ...