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.
KEC International bags orders worth Rs. 12.33 billion
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.”
Ambuja Cements’ Q2CY22 revenue up 15%
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.
Green Public Procurement
The World Economic Forum and the Global Cement and Concrete Association (GCCA), in collaboration with Boston Consulting Group (BCG), have released a Mission Possible Partnership Report which identifies the nations that are prioritising green public procurement.
These are the Netherlands, Sweden, Germany, France, the UK, and select US states. The report titled ‘Low-Carbon Concrete and Construction – A Review of Green Public Procurement Programmes’ identifies a framework for how these six countries are demonstrating leadership in green public procurement of concrete and construction.
The first component of the framework is the foundation, which includes establishing standards for reporting emissions, databases and tools for tracking emissions and establishing baselines. The second part of the framework, procurement policies, builds upon and reinforces the foundation by setting policies that require environmental disclosures, mandate carbon limits, and incentivise low-carbon design, and use of low-carbon materials.