Displaying items by tag: Ambuja Cements

India: Ambuja Cements has appointed Vinod Bahety as its CEO for a three-year term. He succeeds Ajay Kapur in the post, who has been appointed as the company’s managing director. Other personnel changes include the appointment of Rakesh Tiwary as chief financial officer (CFO), Madhavi Isanaka as Chief Digital Officer, Vaibhav Dixit as Head of Manufacturing and Ashwin Raikundaliya as Chief Sustainability Officer.

Bahety has worked as the company’s CFO since mid-2022. He holds over 25 years of experience in various management positions in the manufacturing and finance sectors. Before joining the cement industry, he was the Group Head for Merger & Acquisition at Adani Group. He holds qualifications as a chartered accountant and a cost and works accountant.

India: The Competition Commission of India has approved Ambuja Cements’ acquisition of Orient Cement, months after the Adani Group company announced the US$451m deal, according to The Economic Times.

Ambuja Cements first revealed plans to acquire Orient Cement in October 2024, intensifying its competition with rival UltraTech Cement.

The Indian cement sector has seen increased competition recently, with both UltraTech and Adani Group companies acquiring smaller firms to expand market share. Analysts had questioned whether the acquisition would secure regulatory approval due to industry oversupply concerns.

India: Ambuja Cements will invest US$286m in two cement carriers and eight clinker carriers. The company expects to finalise a shipbuilding contract within 15 days, with Cochin Shipyard and Swan Defence and Heavy Industries under consideration.

Each 38,500t Handymax cement carrier will cost US$45.8m, while each 9200t clinker carrier will cost US$22.9m. The clinker carriers will have a 30m beam, 4m draft and 150m length, increasing cargo capacity from the traditional 3000t to 9200t per trip.

India: Ambuja Cements has released its financial results for the third quarter of 2025. The company has reported consolidated net profit of US$244m crore for the third quarter of the 2025 financial year, up 157% from US$95.1m in the corresponding period of the previous year. Revenue rose 4.5% to US$971m, with cement sales volumes reaching a record 16.5Mt, marking 17% year-on-year growth.

The company's expansion plans target 104Mt/yr capacity by the fourth quarter of the 2025 financial year, rising to 118Mt/yr by the 2026 financial year and 140Mt/yr by the 2028 financial year.

A statement from the company said "This demand is expected to grow by 4-5% in the 2025 financial year, further supported by the infrastructure and housing budget. Ambuja Cements is well-positioned to benefit from these trends. The anticipated rebound in demand, supported by government initiatives, is likely to enhance cement sector performance in the coming quarters. Ambuja Cements will continue to grow at a faster pace than the industry."

India: Kaushalya Logistics has opened new depots for Ambuja Cement, part of the Adani Cement Group, in Kurukshetra and Bhiwani, Haryana.

This marks the first phase of a strategic expansion approved by ACC & Ambuja Cement to establish operations at key locations in Haryana, including Kaithal and Fatehabad. The new depots reportedly aim to improve inventory management, reduce transit times and enhance connectivity across key industrial hubs in the region.

India: Ambuja Cements will merge its recently acquired companies, Sanghi Industries and Penna Cement Industries. Ambuja Cements purchased Sanghi Industries in December 2023 and Penna Cement in August 2024. Ambuja Cements holds a 58% share in Sanghi Industries and 99.94% share in Penna Cement. The transaction is expected to be completed within 9-12 months, according to the Deccan Herald.

India: Ambuja Cements, an Adani Group company, has commissioned and started power transmission from its 200MW solar power project at Khavda, Gujarat. The remaining 806MW capacity from the country-wide project is at various stages of commissioning. 156 MW of wind power from Khavda and a further 300MW solar power plant in Rajasthan are expected to be commissioned in phases by March 2025. The remaining 350MW of solar power is expected to be commissioned by June 2025.

Ajay Kapur, Adani Group CEO - Cement Business, said the company is committed to achieve net zero emission by 2050, adding "We aim to power 60% of our total energy consumption from green power sources by the 2028 fiscal year.”

India: The Rural Development Department of Himachal Pradesh has signed a memorandum of understanding (MoU) with Ambuja Cements to address the issue of non-recyclable plastic waste in the state. Under this partnership, Ambuja Cements will collaborate with the department to co-process non-recyclable plastic in its cement kilns. The initiative will cover the districts of Chamba, Kangra, Shimla and Solan, where 29 plastic waste management units have been established.

India: Star Cement has said that it plans to expand its capacity by an additional 2Mt/yr through a greenfield project in Silchar at a cost of US$47.2m. The expansion is expected to be completed within the next two years.

This announcement comes after Star Cement dismissed reports suggesting that Adani Group subsidiary Ambuja Cement had entered talks to acquire the company, as part of its strategy to expand its presence in the Northeast. According to the Economic Times, Star Cement labelled the claims as ‘speculative’ and clarified that ‘no such discussions are underway.’

Sanjay Agarwal, joint managing director of Star Cement, said “At a time when the building materials sector is growing, we are not looking to exit this business.”

Star Cement has a total installed production capacity of 7.7Mt/yr. Its operations include a 1.67Mt/yr integrated cement plant in Meghalaya and four grinding units.

India: Ambuja Cements has started a strategic partnership with Finland-based Coolbrook to use its RotoDynamic Heater (RDH). The technology uses renewably powered electrical heat to replace or reduce the amount of fossil fuels used for reaching high temperatures in cement kiln pre-calciners. No indication of the price or which cement plants will be upgraded with the equipment has been disclosed. The deal is intended to help Ambuja Cements meet its targets of reaching an alternative fuels thermal substitution rate of 28% and a renewable energy rate of 60% by 2028.

Ajay Kapur, CEO - Cement Business, Adani Group, said, “We continuously seek out innovations which drive efficiency and decarbonisation across our cement manufacturing value chain. Leveraging our Adani Group’s green power generation capabilities, we will be able to reduce fossil fuel dependence, costs, and emissions, ultimately delivering the best value for our stakeholders.”