Cement News tagged under: India
UltraTech improves CDP climate action rating to A-17 January 2023, Published under Cement NewsUltraTech has been recognised as a leader in 'climate change' by Carbon Disclosure Project (CDP), a global non-profit environmental organisation, for its 2022 CDP disclosure. UltraTech received an ‘A-’ score for implementing best practices and for taking concerted action on climate issues, securing a place in the Leadership category. UltraTech’s score of 'A-' in FY21-22 by CDP is a significant improvement from its previous score of 'B' in FY20-21. UltraTech’s score on 'climate ch... |
India invests in green hydrogen production16 January 2023, Published under Cement NewsThe Indian government has approved a plan to invest US$2.3bn in green hydrogen. It plans to produce at least 5Mt of green hydrogen by 2030, reducing the dependence of its cement sector on fossil fuels and cutting greenhouse gas emissions. According to Time, India currently has around 166GW of renewable energy capacity, which is hopes to increase by 125GW by the end of the decade. The aim of the funding initiative is “to make green hydrogen affordable and bring down its cost over the n... |
Oriano commissions solar projects for Shree Cement16 January 2023, Published under Cement NewsIndia-based Oriano has commissioned two solar power projects for Shree Cement Ltd . The projects include a 10MWp at Seraikela Kharsawan, Jharkhand, and 30MWp (2 x 15MWp) at Banka, Bihar. The plant at Jharkhand was commissioned in July 2022, while the Bihar unit came on-stream in Jan 2023. Speaking about the commissioning, GM – Projects of Oriano Clean Energy Private Ltd, Vaibhav Bhatnagar said, ''With this commissioning, Oriano continues to contribute significantly to India's growi... |
Adani Group investment to soar12 January 2023, Published under Cement NewsThe Adani Group will invest over INR600,000m (US$7.4m) in a number of sectors in Madhya Predesh that would create thousands of jobs. This would reshape the economy of several districts in the state, said Pranav Adani, director at Adani Enterprises, at the seventh Madhya Predesh Global Investors Summit. Currently, the group has investments of close to INR275,000m in sectors such as power generation and transmission, gas distribution, cement manufacturing and agro processing, among other... |
Jaiprakesh Associates defaults on loans09 January 2023, Published under Cement NewsJaiprakesh Associates has defaulted on INR40,590m (US$492.9m) of loans from various lenders, according to The Times of India. The company, which has a total debt of INR290,900m, needs to make payments in respect of fund-based working capital, non-fund-based working capital, term loans and foreign currency convertible bonds. In its exchange filing, the company said that in terms of the restructuring plan of its total debt, INR116,890m was to be discharged against the sale of identified cem... |
Ambuja Cements forms new subsidiary, ARL06 January 2023, Published under Cement NewsIndia’s Ambuja Cements has incorporated Ambuja Resources (ARL), a new wholly-owned subsidiary for the manufacture of cement and allied products, alternate fuel and power generation. ARL was incorporated on 5 January 2023 and is registered with the Registrar of Companies, Gujarat, Ahmedabad. The new subsidiary is yet to commence operations, reports Business Standard. |
UltraTech Cement selects AUMUND as project partner06 January 2023, Published under Cement NewsUltraTech Cement Ltd has again selected AUMUND India as its partner for a big project. UltraTech Cement is the leading producer of grey and white cement and ready-mix concrete in India, and is one of AUMUND India’s major and longstanding customers. Dr Pietro de Michieli, CEO AUMUND Group, together with Raju Gupta, managing director AUMUND India, led negotiations with UltraTech for the new project. Raju Gupta and Pietro de Michieli celebrate the partnership (© AUMUND)... |
Ambuja Cements forms shipping subsidiary04 January 2023, Published under Cement NewsAmbuja Cements has formed a new, wholly-owned subsidiary called Ambuja Shipping Services Ltd (ASSL). The company has been incorporated by Ambuja Cements for the business of operating ships, the company said in regulatory filing. The company has acquired 100 per cent shareholding in ASSL and the cost of the acquisition is INR10m (US$120,800), reports Mint. ASSL is incorporated in India and was registered with the Registrar of Companies, Gujarat at Ahmedabad on 3 January 2023. The new sub... |
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... |
Mukul Agarwal raises stake in Sanghi Industries03 January 2023, Published under Cement NewsInvestor Mukul Agarwal has increased his stake in Sanghi Industries from 1.34 per cent in the September 2022 quarter to 1.97 per cent in the December quarter, reports The Economic Times. According to 5paisa, Mukual Agrawal’s investment style is “largely aggressive, hawking for multibaggers that are capable of astronomical returns.” His investment portfolio includes IMFL (Indian Made Foreign Liquor Co), PDS Multinationals (a leading consumer goods design, product development, sourcing, v... |