Cement News tagged under: Ambuja Cements

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Ambuja Cement expects to commission Mundwa plant in 3Q21

12 April 2021, Published under Cement News

Ambuja Cement will complete its integrated greenfield cement plant at Mundwa in Rajasthan with învestment of INR23,500m (US$314.4m) in   3Q21. The new plant will enhance the clinker capacity of the company by 3Mta and help improve cement sales by 5Mta. Ambuja Cement is also evaluating brownfield expansions at plants in Bhatapara in Chattisgarh and Maratha (Chandrapur), Maharashtra, in addition to looking at debottlenecking opportunities to reach 50Mta capacity. Addressing shareholders ...

Ambuja Cement increases volumes by 7% in 4Q20

19 February 2021, Published under Cement News

LafargeHolcim's Indian subsidiaries, Ambuja Cement and ACC Ltd, reported high sales volumes in the 4Q20. Ambuja Cement's financial performance for the 4Q20 saw volumes grow by seven per cent, while ACC Ltd's net sales during the quarter increased to INR40,660m (US$560.1m) compared to INR39,700m last year. Ambuja Cement 4Q20 Ambuja Cement's sales were supported by strong prices and a 14 per cent YoY growth in net sales. Net sales during the quarter stood at INR34,680m compared to INR30,3...

Ambuja Cement and ACC renew Master Supply Agreement

19 February 2021, Published under Cement News

The Board of Directors of ACC and Ambuja Cement (LafargeHolcim group) have renewed their existing Master Supply Agreement for three years. In 2018 both companies entered into agreement for supply of cement, clinker and other raw materials such as fuels, fly ash, slag and gypsum besides spare parts used in the factories. As per the pricing formula, both the companies will offer five per cent discount for cement supply to each other on their average net selling price. ACC has a...

Ambuja Cement to start biofuel sea trials

08 February 2021, Published under Cement News

Ambuja Cement (LafargeHolcim group) is commencing sea trails for using biofuels in its fleet of captive ships, Ambuja Mukund, a move which is estimated to reduce carbon emission by around 25 per cent, claims the company. "With the introduction of biodiesel blends, we are significantly contributing towards the reduction of GHG emissions by introducing a suitable alternate green fuel that helps achieve our parent, LafargeHolcim’s sustainability vision of net zero pledge 2030,"  said the ...

ACC and Ambuja Cements looks to optimise supply chain

18 January 2021, Published under Cement News

India’s ACC Ltd and Ambuja Cements have contracted Blue Yonder, a leading digital supply chain provider, to implement a supply chain optimisation and digitalisation process. The software company is expected to help improve sales and operational planning (S&OP) by gaining visibility into daily demand, production and dispatch plans to better predict demand fluctuation and scheduled maintenance, alongside improving logistics and transportation capabilities. "The objective of this project is ...

CCI starts investigation into Ambuja and ACC

10 December 2020, Published under Cement News

The Competition Commission of India (CCI) has initiated an investigation against ACC and Ambuja Cements and other cement companies in the country regarding alleged anti-competitive behaviour, according to regulatory filings. "ACC is of the firm view that it has acted and continues to act in compliance with competition laws and we are fully cooperating with the investigation and providing all necessary information to the authorities. ACC has a long-standing commitment to fair competition as...

Ambuja Cements reports 51% increase in net profit

23 October 2020, Published under Cement News

India’s Ambuja Cements reported a 50.5 per cent YoY rise in consolidated net profit to INR8.04bn (US$109.15m) for the July-September quarter this year, compared to INR5.34bn during the year-ago period. Standalone profits also surged 88 per cent YoY to INR4.41bn, mainly on account of the company’s cost reduction programmes and volume growth. "Robust improvements in operational efficiency and cost reduction programmes coupled with volume growth, have led to an earnings increase for the quarte...

Ambuja Cements reports 12% increase in net profit

13 July 2020, Published under Cement News

India’s Ambuja Cements reported a 12 per cent YoY rise in consolidated net profit to INR5.54bn (US$73.73m) for the quarter ending 31 March, with sales volumes falling 10 per cent to 5.77Mt. The company also noted that its greenfield expansion project at Marwar Mundwa, Rajasthan, is on schedule and expected to commence operations by next year. Elsewhere, Ambuja Cements is set to digitise its entire supply chain to improve visibility and optimise cost going forward, announced Martin Kriegne...

Bureau of Indian Standards issues first licence for microfine OPC production

09 July 2020, Published under Cement News

The Bureau of Indian Standards (BIS) has granted the country’s first licence for the manufacture of microfine ordinary Portland cement and ultrafine ground granulated blastfurnace slag (GGBS) to Counto Microfine Products. The company is a joint venture between Ambuja Cements and Alcon group and has one of the largest manufacturing facilities for microfine materials in Goa. The Goan firm will now be able to produce and sell the products with an assurance on the quality and reliability of th...

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...