Latest news with #KaranAdani
India.com
13-06-2025
- Business
- India.com
Gautam Adani powers world's highest railway bridge in…this company supplies…
Adani Group's cement companies played a major role as the primary cement supplier for the construction of the world's highest railway arch bridge over the Chenab River in Jammu and Kashmir. They provided 65,000 tonnes of Ordinary Portland Cement (OPC) 43 Grade, known for its exceptional strength, durability, and consistent quality. This high-performance cement was specifically chosen because of its suitability in complex, large-scale infrastructure projects for extreme climatic and geological challenges. Adani Cement, comprising Ambuja Cements and ACC, the cement and building material companies of the diversified Adani Portfolio, played a pivotal role in the construction of the Chenab bridge – a landmark of India's infrastructure ambition, it said. Vinod Bahety, CEO – Cement Business, Adani Group, said, 'It is a matter of immense pride for us to be part of a project that not only redefines engineering boundaries but also contributes to national integration. 'At Adani Cement, we believe that every bag of cement carries the weight of the nation's progress. The Chenab Bridge is a shining example of how our commitment to quality, consistency and timely delivery supports India's infrastructure story.' Spanning the formidable terrain of Jammu and Kashmir, the Chenab Bridge is a triumph of design, execution, and resilience. A vital part of the Indian Railways' ambitious infrastructure expansion in the region, the bridge stands as a testament to India's resolve to connect its remotest geographies through world-class infrastructure. The execution of this engineering feat was anchored by Indian Railways. The cement industry will be a 'key enabler' and is expected to benefit significantly from the approximately USD 2.2 trillion in investments projected in the infrastructure sector by 2030, said ACC Chairman Karan Adani. ACC Cement, part of Adani Group's cement business, which crossed the 100 MTPA capacity milestone in April 2025, is contributing to India's growth by laying a strong, sustainable foundation for a brighter tomorrow, said Adani in the latest annual report of the company. (With Inputs From PTI)
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Business Standard
10-06-2025
- Business
- Business Standard
Cement sector to profit from $2.2 trn infra investment by 2030: Karan Adani
The cement industry will be a "key enabler" and is expected to benefit significantly from the approximately $2.2 trillion in investments projected in the infrastructure sector by 2030, said ACC Chairman Karan Adani. ACC Cement, part of Adani Group's cement business, which crossed the 100 MTPA capacity milestone in April 2025, is contributing to India's growth by laying a strong, sustainable foundation for a brighter tomorrow, said Adani in the latest annual report of the company. "The infrastructure sector, vital to realising India's economic ambitions by 2030, is projected to require investments of approximately $2.2 trillion. As a key enabler of infrastructure growth, the cement industry stands to benefit significantly from these investments," he said while addressing the shareholders. The cement sector is set for significant expansion, and its strategic priorities are designed to leverage this potential effectively, he added. ACC is part of Ambuja Cement, which holds the billionaire Gautam Adani-led Adani Group's cement business. "We crossed the 100 MTPA cement capacity milestone in April 2025, propelling us closer to our ambitious 140 MTPA target by FY 2027-28. As India's fastest-growing cement business, we are contributing to its growth by laying a strong, sustainable foundation for a brighter tomorrow," Karan Adani said. Moreover, he further said Adani Group's market leadership in various allied sectors is proving transformative for ACC, driving synergies across logistics, procurement, and market expansion. "By leveraging the Group's extensive infrastructure, including ports, railways, and road networks, ACC has achieved significant cost efficiencies, streamlined operations, and enhanced delivery speed," he said. Moreover, access to Adani Group's vast energy and mining resources ensures a steady supply of raw materials at nominal costs, strengthening ACC's competitive edge. The group also intends to increase the Master Supply Agreement (MSA) between Ambuja Cement and ACC for the supply of cement, clinker, and raw materials, which helps in the reduction of operational costs. "Furthermore, we intend to maximise the value we create through synergies within the Adani ecosphere, MSA with the parent Ambuja Cements Limited and several strategic expansions of our business through the addition of raw material reserves, greenfield and brownfield growth," he said. Moreover, ACC is also embracing digitalisation and sustainability, integrating advanced technologies to enhance operational efficiency and pushing towards ESG targets. "As we move forward, we remain committed to delivering exceptional value, driving innovation, and contributing meaningfully to India's growth and progress," said Karan Adani. Adani Group, a late entrant in the cement sector, now contributes to nearly 30 per cent of the cement used for India's homes and infrastructure. The annual report expects growth to continue for the Indian cement sector, with a further increase of 6-7 per cent annually, to reach 475-480 million MT by FY 2025-26. The Indian cement sector has an installed capacity of 686 MT.
Time of India
10-06-2025
- Business
- Time of India
ACC on track to build 30% of India's future? Karan Adani responds
Karan Adani , Chairman of ACC Cement , underscored the pivotal role of the cement industry in powering India's infrastructure-led growth, fueled by an estimated USD 2.2 trillion investment pipeline through 2030. In his address to shareholders via the company's latest annual report, Adani positioned ACC — a core part of the Adani Group 's cement business — as a key enabler in building the nation's economic ambitions. 'We crossed the 100 MTPA cement capacity milestone in April 2025, propelling us closer to our ambitious 140 MTPA target by FY 2027-28,' said Adani, highlighting the group's rapid ascent in the cement sector. 'As India's fastest-growing cement business, we are laying a strong, sustainable foundation for a brighter tomorrow.' Adani emphasised that the Indian cement industry stands to gain significantly from the country's infrastructure boom. ACC, which operates under Ambuja Cement — also part of the Adani Group — is poised for significant expansion by aligning its strategic priorities with the massive growth potential ahead. Key growth accelerators include integration within the wider Adani Group ecosystem. 'Our market leadership in logistics, procurement, energy, and mining is proving transformative for ACC,' he stated. Leveraging the group's infrastructure — from ports and railways to road networks — has allowed ACC to streamline operations, improve delivery speed, and reduce costs. Additionally, ACC benefits from a steady, low-cost supply of raw materials thanks to the Group's extensive resources, further enhancing its competitiveness. The Group plans to deepen the Master Supply Agreement (MSA) between Ambuja Cement and ACC, fostering greater cost efficiencies through shared supply chains and raw material management. Live Events Looking ahead, ACC aims to drive growth through a combination of greenfield and brownfield expansions, increased reserves of raw materials, and deeper integration with the Adani ecosystem. Sustainability and digitalisation are also cornerstones of this growth, with the company embracing advanced technologies and ESG commitments to future-proof its operations. Adani concluded with a forward-looking vision: 'We remain committed to delivering exceptional value, driving innovation, and contributing meaningfully to India's growth and progress.' With the Indian cement industry expected to grow at 6–7% annually to reach 475–480 million MT by FY 2025–26, and a national installed capacity already at 686 million MT, the momentum is set — and ACC, under Karan Adani's leadership, is positioned to be at its forefront. Economic Times WhatsApp channel )
India Gazette
09-06-2025
- Business
- India Gazette
MSC Irina docking is milestone not just for Vizhinjam but for India's emergence as key player in global transshipment: Karan Adani
Ahmedabad (Gujarat) [India], June 9 (ANI): The docking of world's largest container ship, MSC Irina, at Vizhinjam International Seaport is a milestone not just for Vizhinjam but for India's emergence as a key player in global transhipment, Managing Director of Adani Ports and SEZ, Karan Adani, said on Monday. 'Proud to welcome MSC Irina, the world's largest container ship with a capacity of 24,346 TEUs, to our Vizhinjam Port. This marks the vessel's maiden visit to South Asian shores, making it a milestone not just for Vizhinjam but for India's emergence as a key player in global transshipment. A bold vision now in motion,' Karan Adani said in a post on X. The MSC IRINA, recognised as the world's largest container ship by TEU (Twenty-foot Equivalent Unit) capacity, docked at the Vizhinjam International Seaport on Monday morning and will be berthed till Tuesday. According to an Adani Group press release, this monumental arrival marks a significant milestone for the seaport, which was dedicated to the nation by Prime Minister Narendra Modi on May 2. The MSC IRINA boasts an impressive capacity of 24,346 TEUs, making it a formidable player in global shipping. With a length of 399.9 metres and a width of 61.3 metres, the vessel is approximately four times longer than a standard FIFA-designated football field. Designed specifically to facilitate the transportation of large volumes of containers between Asia and Europe, the MSC IRINA is pivotal in enhancing trade routes and logistics efficiency. This vessel makes its maiden visit to a South Asian port, highlighting Vizhinjam's capabilities in handling Ultra-Large Container Vessels (ULCVs). The port has recently welcomed other Icon-class vessels, including MSC Turkiye and MSC Michel Cappellini, further establishing its reputation as a key hub in maritime trade. The MSC IRINA was launched in March 2023 and embarked on its maiden voyage in April of the same year. It is engineered to stack containers up to 26 tiers high, offering unparalleled capacity in container stacking. Notably, the MSC IRINA surpasses its predecessor, OOCL Spain, by a margin of 150 TEUs. In alignment with contemporary environmental standards, the vessel is equipped with energy-saving features that contribute to a reduction in carbon emissions by up to 4 per cent, significantly lowering its carbon footprint while maintaining operational efficiency. (ANI)
NDTV
09-06-2025
- Business
- NDTV
Karan Adani Welcomes MSC IRINA, World's Largest Container Ship At Vizhinjam
The MSC IRINA, the world's largest container ship by TEU (Twenty-foot Equivalent Unit) capacity, made an entry into India on Monday and docked at the Adani Group's Vizhinjam International Seaport in Kerala. The ship, with a capacity of 24,346 TEUs, will remain berthed at the port until Tuesday, June 10. Celebrating the arrival of the vessel, Karan Adani, the managing director of Adani Ports and SEZ Ltd (APSEZ), wrote on X, "Proud to welcome MSC Irina, the world's largest container ship with a capacity of 24,346 TEUs, to our Vizhinjam Port. This marks the vessel's maiden visit to South Asian shores, making it a milestone not just for Vizhinjam but for India's emergence as a key player in global transhipment. A bold vision now in motion." Proud to welcome MSC Irina, the world's largest container ship with a capacity of 24,346 TEUs, to our Vizhinjam Port. This marks the vessel's maiden visit to South Asian shores, making it a milestone not just for Vizhinjam but for India's emergence as a key player in global… — Karan Adani (@AdaniKaran) June 9, 2025 The arrival of MSC IRINA marks a major milestone for the Vizhinjam International Seaport. This is the first time a vessel of such scale has docked at an Indian port, signalling Vizhinjam's readiness to handle mega container traffic and underlining its strategic potential in global shipping routes. The ship's docking came a month after the port was officially inaugurated by Prime Minister Narendra Modi on May 2. Developed under a public-private partnership between Adani Ports and Special Economic Zone Ltd (APSEZ) and the Government of Kerala, the Rs 8,900-crore facility received its commercial clearance in December 2024 following a successful trial run. The inauguration ceremony in May was also attended by Kerala Governor Rajendra Arlekar, Chief Minister Pinarayi Vijayan, Adani Group Chairman Gautam Adani and Thiruvananthapuram MP Shashi Tharoor. Prime Minister Modi then highlighted the port's strategic importance, saying, "It is designed to accommodate large cargo ships, addressing a critical need. Until now, 75% of India's transhipment activities were conducted at foreign ports, resulting in significant revenue losses for the country." The Vizhinjam International Transshipment Deepwater Multipurpose Seaport is built to handle large-scale container transhipment, as well as multi-purpose and break-bulk cargo, making it one of the most advanced maritime infrastructure projects in the region. The natural depth of the waters off Vizhinjam Port - ranging between 18 to 20 metres even up to a kilometre from the shore - makes it suitable for very large vessels, including massive tankers and mother ships. In May, the port welcomed Turkiye, the world's largest eco-friendly container ship operated by the Mediterranean Shipping Company, cementing Vizhinjam's position as a key deepwater hub on India's coastline.
