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India Cements partners with startup Tvasta to promote sustainability

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The collaboration will promote sustainability in the construction sector

Cement major India Cements has partnered with the Indian Institutes of Technology (IIT)-Madras incubated construction 3D printing startup Tvasta Manufacturing Solutions to promote sustainability in the construction sector.

The collaboration will witness India Cements and Tvasta work together on research and development (R&D) and exchange of technology to create new raw material formulations used in 3D printing applications and present support for major projects to bring in price and time-effective, dwelling solutions.

The two companies told the media that the 3D method of construction employs 30% less water and sand, and the parties have already worked jointly on certain projects, including ones at Jaisalmer and Gandhinagar for the Indian Air Force (IAF) and an ongoing infrastructure project for a corporate entity in Mumbai.

On Wednesday, the memorandum of understanding (MoU) was inked by Rupa Gurunath, the whole-time director, India Cements, and Vidyashankar C, co-founder, and COO, Tvasta Manufacturing Solutions.

The parties expect that the partnership makes way for more digitised and sustainable construction techniques and encourages the industry to adopt such practices.

Established in 2016 by IIT Madras alumni, Tvasta built India’s first 3D-printed house on the IIT Madras campus.

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Also read: India Cements Limited’s share price fell by 15% in last quarter

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KEC International bags orders worth Rs. 12.33 billion

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Secures an order to build India’s first 765 kV Digital Substation

KEC International, an RPG Group Company, has secured new orders of Rs. 12.33 billion across its various businesses:

The business has secured orders for T&D projects in India, Middle East and Americas: 765 kV Digital GIS Substation order in India, from Power Grid Corporation of India (PGCIL), supply of towers in Middle East, secured by subsidiary in UAE, supply of towers, hardware and poles in Americas, secured by the company’s subsidiary, SAE Towers.

The business has secured orders for infra works in the paints and metals & mining segments; laying of cross-country pipeline and associated works and various types of cables in India and overseas.

Mr. Vimal Kejriwal, MD & CEO, KEC International commented, “We are pleased with the new order wins, especially the prestigious order from PGCIL, to build India’s first 765 kV Digital substation. Our Civil business continues to strengthen and diversify its presence in the industrial segment with the addition of a very reputed client. We are also encouraged by the order in the Oil and Gas Pipelines, which further enhances the business’ order book.”

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Ambuja Cements’ Q2CY22 revenue up 15%

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The total expenses were at Rs 7,276.72 crore, up 33.09% in Q2 of 2022

Ambuja Cements, one of the leading cement players, reported a 25.46% fall in consolidated net profit at Rs 865.44 crore for the June 2022 quarter due to rising fuel prices and related inflationary impacts. The company, which follows the January-December financial year, had clocked a net profit of Rs 1,161.16 crore in the year-ago quarter.

However, its revenue from operations was up 15.11% to Rs 8,032.88 crore during the quarter as compared to Rs 6,978.24 crore in the corresponding quarter of the previous financial year. Ambuja Cements’ total expenses were at Rs 7,276.72 crore, up 33.09% in Q2 of 2022 from Rs 5,467.33 crore a year ago.

The consolidated result of Ambuja Cements also includes the financial performance of its step-down firm ACC. On a standalone basis, Ambuja Cements reported an increase of 44.92% in its net profit to Rs 1,047.90 crore as against Rs 723.08 crore in the corresponding quarter last year. Its standalone revenue from operations was Rs 3,993.45 crore, up 18.45 per cent in April-June quarter as against Rs 3,371.18 crore a year ago.

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Bekabadcement becomes infrastructure project partner

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In a key project, to be financed by the Asian Development Bank, to build a 350km international transport corridor connecting Uzbekistan and Kazakhstan, Uzbekistan-based Bekabadcement, part of United Cement Group (UGC) Holding, has become a partner. The company’s products are well known domestically for their use in the construction of major infrastructure facilities, such as the construction of transport corridors and modernisation of irrigation systems in Uzbekistan and Kyrgyzstan, as well as the rebuilding of the Baikonur Cosmodrome in Kazakhstan.

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