Latest news with #VinodBahety
Hans India
13 hours ago
- Business
- Hans India
Ambuja, ACC get pats with Net-Zero targets
Ambuja Cements and ACC, the cement and building materials companies of the diversified Adani Portfolio, have achieved a landmark sustainability milestone as the leading two Indian cement companies amongst peers to have their net-zero targets validated by the Science Based Targets initiative (SBTi), it was announced on Thursday. The SBTi's 'Corporate Net-Zero Standard' is the world's only framework for corporate net-zero target setting in line with climate science.'We take immense pride in Ambuja Cements' and ACC's long-standing tradition of pioneering sustainability initiatives as we feel a strong responsibility to act in the climate crisis,' said Vinod Bahety, CEO-Cement Business, Adani group. The SBTi validation proves the companies' commitment to building a sustainable and responsible business, by doing not what is easy but what is necessary and positioning them as corporate leaders of the low-carbon transition. This recognition places them at the forefront of India's industrial decarbonisation, committed to cutting emissions at the pace and scale required to meet the Paris Agreement's 1.5 degrees Celsius goal. Ambuja is also the first cement manufacturer globally to join the Alliance for Industry Decarbonization (AFID), led by the International Renewable Energy Agency (IRENA) and is a member of WEF's Transitioning Industrial Clusters initiative. Synergies across the Adani Group ecosystem are central to this ambition. With a $100 billion commitment to India's green energy transition, the Group is scaling renewable capacity from 14.2 GW to 50 GW by 2030 and building an integrated green hydrogen platform.
India Gazette
a day ago
- Business
- India Gazette
Ambuja Cements and ACC become India's leading cement companies with net-zero targets validated by the SBTi
Ahmedabad (Gujarat) [India], June 19 (ANI): Ambuja Cements and ACC, the cement and building materials companies of the diversified Adani Portfolio, have achieved a landmark sustainability milestone as the leading two Indian cement companies amongst peers to have their net-zero targets validated by the Science Based Targets initiative (SBTi). The SBTi's Corporate Net-Zero Standard is the world's only framework for corporate net-zero target setting in line with climate science. According to Adani, the SBTi validation proves the Companies' commitment to building a sustainable and responsible business, by doing not what is easy but what is necessary and positioning them as corporate leaders of the low-carbon transition. This recognition places them at the forefront of India's industrial decarbonisation, committed to cutting emissions at the pace and scale required to meet the Paris Agreement's 1.5C goal. Vinod Bahety, CEO - Cement Business, Adani Group, said, 'We take immense pride in Ambuja Cements' and ACC's long-standing tradition of pioneering sustainability initiatives as we feel a strong responsibility to act in the climate crisis. The SBTi represents the highest standard for corporate climate targets.' He added, 'With the validation of our targets by the SBTi, we reinforce our dedication to creating a future where growth and environmental stewardship go hand in hand. We are the 9th largest cement manufacturer in the world and after Cemex, Heidelberg and Holcim, only one of this scale to achieve net-zero target validation. Our journey doesn't stop here - this is yet another step towards realising our vision for a decarbonised and sustainable world.' The Companies understand the importance of rapid and deep emission cuts and have been pioneering sustainability practices as leaders in the industry's transformation towards sustainable growth. The Companies will prioritise direct decarbonisation and neutralise residual emissions in line with SBTi criteria. The Companies' initiatives on green power, AFR, energy efficiency, technology upgradation, innovation have had helped to set up the targets. Ambuja is also the first cement manufacturer globally to join the Alliance for Industry Decarbonization (AFID), led by the International Renewable Energy Agency (IRENA) and is a member of WEF's Transitioning Industrial Clusters initiative. Synergies across the Adani Group ecosystem are central to this ambition. With a USD 100 billion commitment to India's green energy transition, the Group is scaling renewable capacity from 14.2 GW to 50 GW by 2030 and building an integrated green hydrogen platform. Under this, Ambuja Cements aims to achieve 60 per cent of its power requirements through renewable and green sources by FY'28, including 1 GW of solar and wind power, as well as 376 MW of WHRS. Of these, it has already achieved 299 MW and 186 MW capacities, respectively. Green hydrogen will play a key role in achieving net-zero. The Group's investments in this space will lead the Companies' net-zero pathways. The shared capabilities with the Group will enable Ambuja Cements and ACC to accelerate emissions reduction and reduce reliance on fossil fuels. This validation is not just a milestone; it is a mandate. Ambuja Cements and ACC are setting new benchmarks for the cement industry, proving that bold climate action is possible, necessary, and already underway. (ANI)
NDTV
13-06-2025
- Business
- NDTV
Adani Cement, CREDAI Join Hands To Boost Sustainable, High-Quality Construction
Ahmedabad: Adani Cement and the Confederation of Real Estate Developers' Associations of India (CREDAI) on Friday joined hands to advance sustainable and high-quality construction in the country. The strategic alliance brings together Adani Cement and the country's apex body of private real estate developers, aiming to benefit both organisations and the broader construction industry. Under this collaboration, Adani Cement will leverage CREDAI's nationwide network of more than 13,000 developers to strengthen its B2B outreach, while CREDAI members benefit from Adani Cement's industry-leading solutions. The signing took place in the presence of Goa Chief Minister Pramod Sawant, during the CREDAI Governing Council Meeting held in Panjim, attended by industry body office bearers and leading developers from across the country. "Our exclusive partnership with CREDAI is a testament to Adani Cement's commitment to nation-building through sustainable and innovative construction. By joining hands with CREDAI, we aim to accelerate the adoption of world-class cement products and green concrete solutions in India's real estate sector," said Vinod Bahety, CEO - Cement Business, Adani Group. He further stated that this collaboration aligns perfectly with our vision of building a greener, smarter urban future - one where Adani Cement's technical expertise and CREDAI's on-ground experience come together to create stronger, safer, and more sustainable structures. The industry body members will have the advantage of enhancing their project quality in various parameters, including availability of Adani Cement's Innovative Concrete Solutions; and availability of Adani's diverse Ready-Mix Concrete (RMX) and advanced concrete solutions customised to varied requirements - from standard grades to specialised mixes. CREDAI members will benefit from Adani Cement's premium products, including concrete solutions and technical expertise, elevating high-quality, sustainable urban development "We are excited to work closely with CREDAI members and support them with the best of our materials and R&D capabilities, ultimately delivering superior value to homeowners and contributing to India's growth story," said Bahety. The announcement comes at a pivotal time when India's cement consumption patterns are undergoing a significant shift. Traditionally, individual home builders (IHBs) in the retail segment constituted the largest share of cement usage, accounting for roughly 60 per cent of demand. However, rapid urbanisation and infrastructural growth have fuelled a surge in B2B demand - large real estate developments and public infrastructure projects are now driving cement consumption at an unprecedented pace. Government-led construction of highways, metro systems, and smart cities, alongside private sector high-rise developments, is contributing to the 'non-trade' segment's momentum, gradually balancing the once IHB-dominated market.
Hans India
13-06-2025
- Business
- Hans India
Adani Cement, CREDAI to boost sustainable and high-quality urban construction
Ahmedabad: Adani Cement and the Confederation of Real Estate Developers' Associations of India (CREDAI) on Friday joined hands to advance sustainable and high-quality construction in the country. The strategic alliance brings together Adani Cement and the country's apex body of private real estate developers, aiming to benefit both organisations and the broader construction industry. Under this collaboration, Adani Cement will leverage CREDAI's nationwide network of more than 13,000 developers to strengthen its B2B outreach, while CREDAI members benefit from Adani Cement's industry-leading solutions. The signing took place in the presence of Goa Chief Minister Pramod Sawant, during the CREDAI Governing Council Meeting held in Panjim, attended by industry body office bearers and leading developers from across the country. "Our exclusive partnership with CREDAI is a testament to Adani Cement's commitment to nation-building through sustainable and innovative construction. By joining hands with CREDAI, we aim to accelerate the adoption of world-class cement products and green concrete solutions in India's real estate sector,' said Vinod Bahety, CEO – Cement Business, Adani Group. He further stated that this collaboration aligns perfectly with our vision of building a greener, smarter urban future – one where Adani Cement's technical expertise and CREDAI's on-ground experience come together to create stronger, safer, and more sustainable structures. The industry body members will have the advantage of enhancing their project quality in various parameters, including availability of Adani Cement's Innovative Concrete Solutions; and availability of Adani's diverse Ready-Mix Concrete (RMX) and advanced concrete solutions customised to varied requirements – from standard grades to specialised mixes. CREDAI members will benefit from Adani Cement's premium products, including concrete solutions and technical expertise, elevating high-quality, sustainable urban development 'We are excited to work closely with CREDAI members and support them with the best of our materials and R&D capabilities, ultimately delivering superior value to homeowners and contributing to India's growth story,' said Bahety. The announcement comes at a pivotal time when India's cement consumption patterns are undergoing a significant shift. Traditionally, individual home builders (IHBs) in the retail segment constituted the largest share of cement usage, accounting for roughly 60 per cent of demand. However, rapid urbanisation and infrastructural growth have fuelled a surge in B2B demand – large real estate developments and public infrastructure projects are now driving cement consumption at an unprecedented pace. Government-led construction of highways, metro systems, and smart cities, alongside private sector high-rise developments, is contributing to the 'non-trade' segment's momentum, gradually balancing the once IHB-dominated market.
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)
