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Displaying items by tag: India
National Commission for Scheduled Tribes investigates UltraTech Cement’s Chandrapur mine lease
12 April 2023India: The National Commission for Scheduled Tribes has directed the district collector of Chandrapur to supply details of compensation paid to local indigenous people since 1979 for the establishment of a limestone mine on their land in Maharashtra by UltraTech Cement. The Times of India newspaper has reported that the authorities allegedly conveyed 63.6 hectares of designated tribal land for use by the cement company.
India: UltraTech Cement says that it has made a second deployment of GreenLine liquefied natural gas (LNG)-powered cement trucks in its cement operations. Indo-Asian News Service has reported that the new trucks will operate from UltraTech Cement’s Pune cement terminal in Maharashtra. GreenLine says that its LNG trucks have 28% lower CO2 emissions than ordinary cement trucks, equating to reductions of 24t/yr per truck for UltraTech Cement.
The cement producer’s associate vice president Tanmay Pradhan said “We are dedicated to creating a sustainable future, and we are fully committed to collaborating with our partners and stakeholders to achieve our goal of a cleaner environment. Our association with GreenLine is a step forward in our ongoing efforts to decrease emissions, enhance energy efficiency, and promote sustainability."
India: The government has published plans for a new broad-gauge double railway line in Rajasthan. The planned line will connect Jaipur and Sawai Madhopur, and will facilitate the transport of coal to businesses including cement plants. Maritime Gateway News has reported that the new line will increase carrying capacity in the local railway maintenance block by 80%. It is scheduled for commissioning in the 2027 financial year.
ACC wins three safety prizes
11 April 2023India: ACC’s Jamul, Thondebhavi and Tikaria cement plants have won safety prizes at the National Safety Council of India (NSCI)’s Safety, Health and Environment Convention (SHECON) 2023. Press in attendance reported that the 1.6Mt/yr Thondebhavi plant in Karnataka won a safety award and a bronze trophy for implementation of its occupational safety and health (OSH) plan. Meanwhile, the 1.6Mt/yr Jamul plant in Chhattisgarh won a letter of commendation and the 3Mt/yr Tikaria grinding plant in Uttar Pradesh won a certificate of recognition.
Adani Group’s cement business CEO Ajay Kapur said "We are honoured to have been recognised by the NSCI with three prestigious awards for our commitment to ensuring the safety and well-being of our employees, and we are proud to be recognised for our efforts. With a strong emphasis on occupational health and safety, we have a robust safety management system in place."
Bangladesh: Cement producers and traders exported US$9.68m-worth of cement during the first nine months of the 2023 financial year. This corresponds to a year-on-year rise of 49% from US$6.51m during the first nine months of the 2022 financial year. The Bangladesh Export Promotion Bureau is targeting full-year growth of 15% year-on-year to US$11m from US$9.57m. Maritime Gateway News has reported that MI Cement Factory contributed 50% of Bangladesh’s cement exports so far in the 2023 financial year.
Bangladesh’s main trade partners for its cement exports for India, Nepal, Sri Lanka and the Maldives.
Thailand: Siam City Cement has appointed Ramjan Sachdeva as its group chief financial officer. He succeeds Mark Anatol Schmidt in the role.
Prior to this he was the Group Head Internal Audit and Compliance for Siam City Cement in Thailand and the Group Commercial Director for mining company Vedanta in India. Earlier in his career he spent eight years working for Holcim in India in procurement and audit roles, as well as for Nestlé.
Sachdeva holds a degree in mechanical engineering from the Thapar Institute of Engineering & Technology in India and a master of business administration qualification from the University of Leicester in the UK.
India: Adani Group is legally ‘paving the way’ for an eventual merger of its cement subsidiaries ACC and Ambuja Cements into Adani Cement. The Hindu BusinessLine News has reported that the merger is not likely to reach completion before April 2024.
Adani Group holds a 63% stake in Ambuja Cements, which in turn holds a 50% in ACC. Adani Group additionally holds a 6.7% direct stake in ACC.
Adani Group to fund growth through internal accruals
03 April 2023India: Adani Group says that it will raise funds for its 2028 capacity expansion plan through internal accruals. The producer plans to double its cement capacity to 140Mt/yr by 2028, and also double its sales to US$8.5bn that year. The Financial Express newspaper has reported that the group says its internal accruals will be 'sufficient' to realise its aims. The group is reportedly 'on track' to commence the first phase of the planned expansion in early-mid-2023. It has also set out a cost reduction roadmap with a view to becoming India's most profitable cement company.
Chair Gautam Adani says that he anticipates a 'multi-fold rise' in all-Indian cement consumption due to forecast high economic growth and the government's infrastructure spending plans.
India: UltraTech Cement sold 106Mt of cement during the 2023 financial year, which ended on 31 March 2023. This corresponds to a 12% year-on-year rise from 94Mt in the 2022 financial year. The producer sold 30Mt of cement during the fourth quarter of the financial year, up by 14% year-on-year from 28Mt.
The Hindu newspaper has reported that UltraTech Cement ended the financial year with a cement production capacity of 134Mt/yr, including 2Mt/yr-worth of white cement capacity. It also operates three wall putty plants.
ACC and Ambuja Cements begin to up sticks for Ahmedabad
31 March 2023India: Adani Group has reportedly relocated 'significant roles' in ACC and Ambuja Cements to Ahmedabad, Gujarat. ACC and Ambuja Cements' headquarters are situated in Mumbai, Maharashtra, and employ 6000 and 4700 people respectively. The Business Standard newspaper has reported that many people in leadership positions now based in Ahmedabad continue to run teams in Mumbai.