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Tag: Mr. Ajay Kapur

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Ambuja Cements achieves sustainable performance in Q1 FY’25

Jul 30, 2024 by Mansi 0 Comments #ACC, #Mr. Ajay Kapur, #quarterly performance

Ahmedabad, 31 July 2024: ACC Limited, the cement and building materials company of the diversified Adani Portfolio, today announced results for Q1 FY’25. This steady and sustainable performance is attributed to volume growth, cost reduction and improvement in efficiency parameters.

Mr. Ajay Kapur, CEO – Cement Business, Adani Group, said, “ACC’s performance strengthens our drive to consistently stay a frontrunner in the industry. Our performance this quarter exemplifies our efficiency and agility. Our strategic decisions, customer-centric approach, and operational excellence continue to drive growth. As we move forward, we remain committed to delivering value to our stakeholders in a sustainable manner.”

RMX business is growing steadily with improvement in profitability driven by improved efficiency parameters and optimising its footprint.

Operational Highlights

Particulars (YoY) Q1 FY’25
Sales Volume

(Clinker & Cement)

 Growth of

3% at 15.8 Mn T
Kiln Fuel

Cost

 Reduced by 17%

(Rs. 2.08 to Rs. 1.73/’000 kCal)
WHRS as a % of total power Consumption Increased by

3.6 pp to 15.1%
  • Volume increased by 9% YoY at 10.2 Mn T supported by increase in premium products and improvement in efficiency parameters, ensuring market leadership.
  • Kiln fuel cost improved from Rs. 2.14 per ‘000 kCal to Rs. 1.73 per ‘000 kCal with change of fuel basket and higher consumption of alternative fuels.
  • Thermal value reduced from 757 kCal to 739 kCal, with further improvement expected in future quarters

Financial Highlights

  • Revenue at Rs. 5,155 Cr, Operating EBITDA at Rs. 679 Cr, EBITDA margin at 13.2%.
  • Cash & Cash equivalent at Rs. 2,747 Cr, with Net Worth at Rs. 16,552 Cr, up by

Rs. 219 Cr from Q4 FY’24.

  • EPS (Diluted) at Rs. 19.2 during the quarter.

Financial Performance for the quarter ended June 30, 2024

Particulars UoM Consolidated Standalone
Q1

FY’25

 Q1

FY’24

 Q1

FY’25

 Q1

FY’24
Sales Volume

(Cement and Clinker)

 Mn T 15.8 15.4 9.3 9.1
Revenue from Operations Rs. Cr 8,311 8,713 4,516 4,730
Operating EBITDA & Margin Rs. Cr 1,280 1,667 646 949
% 15.4% 19.1% 14.3% 20.1%
Rs. PMT 807 1,082 691 1,040
Other Income Rs. Cr 355 263 420 189
Profit Before Tax Rs. Cr 1,103 1,512 768 867
Profit After Tax Rs. Cr 790 1,135 571 645
EPS – Diluted Rs. 2.65 4.31 2.34 3.07

 

ESG Updates:

The Company has launched the Digital BRSR (Business Responsibility and Sustainability Reporting) for financial year 2023-24 The digital report enables quick overview and ease of information on Company’s ESG Performance in an interactive and interesting manner.

  • ACC Suraksha, ACC Concrete Plus, ACC Gold, ACC F2R, and ACC HPC enlisted in GRIHA’s (Green Rating for Integrated Habitat Assessment) green product catalogue.
  • Ongoing green power initiatives will help in achieving 60% green power by 2028, reduce cost, improve EBITDA & accelerate on SD Plan 2030.
  • CSR initiatives reinforce and Improve lives of more than 1.45 million people through various activities in the field of water management, sustainable livelihoods and social inclusion schemes.
  • Achieved 7x plastic negativity by co-processing of plastic waste in cement kiln.
  • Adani Group’s Cement Business committed to planting 8.3 million trees by 2030, (4.9 million trees planted till FY’24) following Adani Group’s plan to plant 100 million trees.
  • Embracing the circular economy, target to achieve TSR of 27% by FY’28, we are at 11.1 % as of now.
  • Our range of innovative products including ACC ECOMaxX, ACC AEROMaxX and ACC Coolcrete continues to grow, offering a wide array of go-green options to customers.

Branding 

  • Strategic placements of ‘Bharosa Atoot’ advertisements aired during IPL  2024 and World Cup T20 reaching out to 250M+ audiences.
  • Amplified digital presence on 15+ high traffic apps and websites to increase brand reach and awareness.
  • Launched consumer-centric website ACC Help, www.acchelp.in, helping IHBs with step-by-step guide & resources, creating a seamless experience.
  • Conducted ‘Skill Building Workshops’ across various domains for ~4,000 contractors.

Outlook   

The Indian cement industry, which accounts for 23% of India’s building material industry, has a strong correlation with India’s GDP growth. With a stable government and progressive policies, the Indian economy for FY’25 is expected to grow in the range of 6.5% to 7.0%, with growth in the cement industry likely to grow by 7.0% to 9.0%. An outlay of Rs. 11.11 lakh crores for infrastructure projects has been allotted in Budget FY’25 which represents 3.4% of GDP. Phase IV of PMGSY* will be launched to provide all-weather connectivity to 25,000 rural habitations. All these measures are expected to bring buoyancy to cement demand.

Achievements

  • Leadership Score in the CDP Climate Assessment, showcasing its strong commitment to sustainability best practices.
  • ‘Best Customer Service’ Award at the 17th Customer Fest Show India 2024 for the revolutionary AAA Certified Technology initiative.
  • Thondebhavi Plant won the prestigious International Safety Award by British Safety Council for its focus on workplace safety.
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Geoclean solidifies its Leadership Position by revolutionising Sustainable Waste Management

Jul 15, 2024 by Mansi 0 Comments #ACC’s waste management arm, #Ambuja Cements, #Geoclean, #Mr. Ajay Kapur

Ahmedabad, 15 July 2024: Ambuja Cements and ACC’s waste management arm, Geoclean, is revolutionising how municipalities and industries manage their waste by providing innovative and sustainable solutions. Utilising co-processing technology, Geoclean ensures complete recycling and recovery of resources inherent in waste, leaving zero residue for landfills and significantly reducing environmental impact. With seven pre-processing and 12 co-processing facilities across the country, Geoclean has played a key role in increasing the Thermal Substitution Rate (TSR) to 8.5% during FY’24.

Geoclean pre-processing (1)

Mr. Ajay Kapur, CEO – Cement Business, Adani Group said, “Sustainable waste management is the need of the hour as our cities and industries are growing at a rapid rate. Willingness and capability to manage waste is a classic example of a forward-thinking, sustainable and responsible business. It integrates perfectly into our larger climate change mitigation and carbon footprint reduction goals. We are glad to be contributing towards the circular economy through Geoclean, and our endeavour is to continue on this path towards revolutionising waste management.”

An integral part of the Adani Group’s Cement Business, Geoclean collaborates with over 20 municipalities and several industries to deliver sustainable waste management solutions, effectively diverting waste from landfills. Leveraging technological expertise, a skilled workforce, and standardised systems, Geoclean offers customised, safe and reliable waste management solutions. This initiative addresses current environmental challenges and aligns with a vision for a sustainable future.

Managing waste can be costly and time-consuming, posing significant challenges. Geoclean assists its customers across diverse industrial sectors by offering comprehensive services including guidance, assessment, logistics support, pre-processing, and final waste treatment through co-processing. Geoclean also collaborates with municipalities to manage significant volumes of municipal solid waste sustainably. Geoclean’s efforts have remediated over 10 legacy landfills resulting in reclaiming over 100 acres of land.

Geoclean’s advanced waste handling and treatment facilities are key to advancing a closed-loop circular economy. During FY’24, Geoclean co-processed more than 17 lakh tonnes of waste and conserved over 1 million tonnes of natural resources. Geoclean’s new pre- and co-processing facility at Ambuja Marwar and co-processing facility at ACC Jamul are fully operational, boosting utilisation of waste-derived fuels at these locations, elevating TSR to 15%.

Geoclean further solidifies its position as a leader in sustainable waste management through its ambitious goal of achieving 25% TSR by 2028. Expanding in key markets to manage Refuse Derived Fuel (RDF) and provide Extended Producer Responsibility (EPR) services, Geoclean will continue to offer innovative solutions across industrial, municipal and agricultural sectors.

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ACC’s Thondebhavi Plant wins the International Safety Award for outstanding focus towards workplace safety

Jul 5, 2024 by Sujata 0 Comments #ACC, #International Safety Award, #Mr. Ajay Kapur, #Thondebhavi Plant

Ahmedabad, 5 July 2024: ACC, the cement and building material company of the diversified Adani Portfolio, won the prestigious International Safety Award (ISA) by the British Safety Council for its Thondebhavi Plant. The award, presented in the Merit winner category, recognises the organisation’s outstanding commitment to creating a safe and healthy workplace throughout 2023.

ACC’s Thondebhavi Plant wins the International Safety Award (2)

The International Safety Awards, now in their 64th year, celebrate organisations worldwide that have demonstrated a strong effort in preventing workplace injuries and work-related ill health. This recognition also honours organizations that have shown dedication to well-being and mental health at work. The winners were drawn from 49 countries worldwide, highlighting the global significance of the award.

Mr. Ajay Kapur, CEO – Cement Business, Adani Group, said, “We are honoured to receive the International Safety Award from the British Safety Council. This award is a result of our relentless focus on creating a safe and healthy work environment for our employees. At ACC, we believe that the well-being of our workforce is paramount, and we are committed to maintaining the highest standards of safety in all our operations.”

This award reinforces ACC’s dedication to ensuring the safety and well-being of its employees, setting new benchmarks in the industry. The recognition from the British Safety Council highlights the company’s efforts to create a safe and supportive workplace, fostering a culture of safety and health.

business

Ambuja Cements and ACC Pioneer Digital Initiatives That Will Shape the Future of Construction Industry

Jun 19, 2024 by Gayathri Pariti 0 Comments #ACC Pioneer Digital Initiatives, #Adani Group, #Adani Portfolio, #Ahmedabad, #Ambuja Cements, #Ambuja Cements Limited and ACC Limited, #Cement Network Operating Centre, #Construction Industry, #Mr. Ajay Kapur, #NexGen Sales & Reward Platform

Ahmedabad, 19 June 2024: Ambuja Cements Limited and ACC Limited, the cement and building material companies of the diversified Adani Portfolio, are excited to unveil their commitment towards innovation that will redefine the construction landscape through a series of visionary digital initiatives. The companies are steadfastly pursuing operational excellence and customer-centric solutions with cutting-edge digital initiatives.

CNOC (2)

Mr. Ajay Kapur, CEO – Cement Business, Adani Group, said, “With the continuous evolution of the digital landscape across the nation and globally, we wholeheartedly embrace the need for the construction sector to adapt and create more efficient and effective solutions. Our digital journey reflects our dedication to innovate and deliver best in class products and solutions to all our stakeholders efficiently. Ambuja Cements and ACC’s digital initiatives emerge as a beacon of progress. The process of modernising the entire digital landscape, as well as using AI & IoT technologies for enhancing the plants stand as a testament to the company’s unwavering commitment to progress.”

At the forefront of this initiative is the development of the NexGen Sales & Reward Platform, a forward-looking digital ecosystem designed to foster seamless collaboration among customers, channel partners, retailers, influencers and sales partners by streamlining coordination and operations on a modern technology stack. By standardising and simplifying business processes, the companies aspire to significantly enhance outcomes for internal teams and external collaborators.

In addition, Ambuja Cements and ACC are implementing the ‘Plants of the Future’ programme to digitally transform manufacturing processes to improve production quality and reduce costs. This includes incorporating robotics for automation, automated weighbridges, in-plant automation, automated quality testing, robotics process automation for plant shutdown management, and drones for maintenance.

The digital transformation also encompasses their Industry 4.0-based Command-and-Control programme, a pioneering platform that offers stakeholders a visual representation of critical business data as well as insights and exceptions for seamless and proactive running of the business. This platform harnesses advanced analytics, equipping decision-makers with the necessary tools to optimise strategies for maximum output. Under phase 1 of this programme, the companies have developed the Cement Network Operating Centre (CNOC) dashboard.

Teaming up with the Adani Group’s AI Labs will seamlessly enable harnessing the power of artificial intelligence through the integration of AI models, including generative AI capabilities, video-based analytics and optimiser functionalities. This will accelerate the decision-making processes and elevate customer interactions to new levels of efficiency.

Furthermore, the companies are implementing their advanced logistics and fleet management tools by revamping vehicle tracking and transportation management systems. Leveraging technologies such as GPS, RFIDs, and advanced track-and-trace algorithms, these enhancements will provide real-time vehicle location and estimated arrival times, enabling driver safety, seamless coordination between buyers and sellers for enhanced efficiency. The new expansion projects will fully use digital tools for enhanced project management capabilities.

The digital transformation encompasses its entire landscape, including network, data, business applications across its plants, and cybersecurity. Recognising the importance of cybersecurity, the companies will have fortified their business information systems with advanced and modern cybersecurity solutions. Adani’s ISO 27k-certified central cyber defence and security operations centre ensures enterprise-grade security, safeguarding the integrity of the company’s operations.

Ambuja Cements and ACC’s focus on Digitalisation and AI-driven strategies exemplifies its dedication to delivering exceptional solutions. By embracing cutting-edge technologies and fostering a culture of innovation, the company continues to pioneer advancements that redefine the sector.