Cement News tagged under: Ambuja Cements
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 ... |
Gautam Adani injects US$799m into Ambuja28 March 2024, Published under Cement NewsGautam Adani and his family have invested a further US$799m in Ambuja Cements Ltd , raising their stake in the cement producer to 66.7 per cent. According to Bloomberg News, the move is indicative of the billionaire’s confidence in the cement business as India undergoes an infrastructure boom. Adani first acquired a controlling stake in Ambuja Cements Ltd and ACC Ltd in 2022 for US$10.5bn. This latest investment will help Ambuja Cements increase its production capacity to a target 1... |
Geoclean launches two new waste management plants20 March 2024, Published under Cement NewsACC and Ambuja Cements ’ ( Adani Group ) sustainable waste management company, Geoclean, has opened two new facilities. The Ambuja Marwar Pre-processing and Co-processing Facility will convert 220,000t of waste into alternative fuels, increasing the Marwar cement plant’s thermal substitution rate (TSR) to 15 per cent, according to the company. The new facility marks a collaboration between the cement producer and the Ambuja Marwar Farmer Producer Organisation (FPO), which will supply... |
ACL announces new 4Mta plant in Jharkhand23 February 2024, Published under Cement NewsIndia’s Ambuja Cements Ltd (ACL) is investing INR10,000m (US$120.6m) in a new 4Mta grinding plant in Jharkhand’s Godda district, reports The Hindu. According to ACL, the new unit will be located close to Adani Power (Jharkhand) Ltd and forms part of the company’s plans to dispose of fly ash in an environmentally safe way, contributing to a circular economy. ACL currently operates two cement plants in Jharkhand with a combined production capacity of 6Mta. |