Realty investments in alternative assets increase
Institutional investments in Indian real estate’s alternative asset classes touched a new high in 2022 at USD0.9 billion, accounting for 18 per cent of the inflows during the year. Investments into alternate assets, which saw a hike of 92 per cent YoY in investments during 2022, has jumped more than 4-fold since 2019. Inflows have seen a sharp jump in 2022 as investors pumped in money into some of India’s emerging sectors like data centres, life sciences, etc.
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ACC launches ‘Bagcrete’, a pre-blended concrete solution
The company’s ongoing innovation process is consistent with ACC Bagcrete
ACC, the cement and building material company of Adani Cement and part of the Adani Group, has been a pioneer in building innovative concrete solutions. The company’s ongoing innovation process is consistent with ACC Bagcrete, a proportional balance of premium components produced to generate high-quality concrete mix.
The company has added a new product dimension to the building industry with ACC Bagcrete, a hassle-free, smart, and user-friendly concrete solution for all types of construction demands. A stronger, more durable final product is produced as a result of the pre-blended components being meticulously measured to ensure uniform quality.
The product was created to offer the best compressive strength (10 MPa to 80 MPa), exceptional workability retention, and unmatched ease of placement, a trifecta of attributes that set it apart from competing products. In contrast to traditional concrete, which necessitates the mixing of various components on-site, it is a pre-blended mixture of cement, sand, and aggregates. For building projects that call for a quick and effective application method, ACC Bagcrete is ideal.
There are two functional variants of the versatile building material ACC Bagcrete: dry-mix and wet-mix. The dry-mix is pre-blended concrete that may be used right away with just the addition of water. wet-mix is pre-mixed, immediately usable concrete that doesn’t require any additional mixing before use. This can be especially helpful in places with scarce water supplies or where conventional concrete mixing techniques are impractical. Both kinds of ACC Bagcrete are of exceptional quality and effectiveness. This unique concrete solution is ideal for remote job sites and maintenance projects since it can be easily transported in the form of bags, enhancing productivity.
Ajay Kapur, CEO, Cement Business, said “We are dedicated to pursuing product innovations and offering the finest products and services to our customers. We have always strived to create products of the highest calibre in order to meet the varied needs of our customers and assist them in constructing robust structures. ACC Bagcrete is a unique product that not only meets but also exceeds the demands of our customers.”
The prestigious university IIT Bombay has recently reaped significant benefits of using ACC Bagcrete for a special need in its R&D Lab of Civil Engineering Department. The M80 Grade ACC Bagcreate has also been used in various NHPC projects in spillway repair. ACC Bagcrete is a unique solution that guarantees minimal waste, accelerates construction, and improves longevity with constant quality. In conclusion, dry-mix concrete is a versatile and convenient option for construction projects of all types.
Ambuja Cements’ loyalty programme wins top award
Has been awarded as the ‘Most Innovative Loyalty Programme of the Year’
Ambuja Cements, the cement and building materials company of Adani Cement and part of Adani Group, has been awarded the ‘Most Innovative Loyalty Programme of the Year’ at the Customer Fest Leadership Awards 2023 for its Contractor Loyalty Programme – ‘Ambuja Abhimaan’. This award acknowledges the Company’s exceptional efforts in creating and maintaining an outstanding loyalty programme that has helped build strong relationships with its contractor partners.
The evaluation of nominations was conducted by an eminent jury panel of experts, and Ambuja’s innovative and transformational initiatives such as skill upgradation programmes, family engagement and social welfare, talent hunt contests, and business aid to contractors were highlighted. These initiatives differentiated Ambuja from competitors and helped win the award under the Customer Loyalty – Organisational category. The event featured more than 50+ renowned brands across various industries.
Ajay Kapur, CEO, Cement Business, said, “Ambuja has always been synonymous with strength, and we are honoured to be recognised for our strong commitment and efforts that go beyond cement. This award is a testament to our commitment to delivering exceptional experiences to our partners and customers. We thank the jury panel and all the participants for acknowledging our efforts towards customer centricity and innovation.”
Ambuja Abhimaan, a differentiated long-term loyalty programme has achieved many milestones, including recognition as one of the best mobile loyalty programmes, engaging and benefiting 1.2 lakh+ key contractors.
Ambuja places order for capacity expansion of 14 MT cement
This will enable the production of blended green cement of 14 MT
Ambuja Cements, the cement and building material company of the diversified Adani Group, placed orders to expand clinker capacity by 8 million tonne at Bhatapara and Maratha units on the highest ESG standards with 42 MW of WHRS, provision to utilise 50% AFR and provision to operate on green power.
The capacity expansion projects will enable the production of blended green cement of 14 million tonne, post all requisite approvals. These projects will generate substantial value for the existing business and enable more employment and growth opportunities in the States, beneficial for all stakeholders.
These projects are expected to be commissioned in 24 months and the capex will be funded from internal accruals.
Ajay Kapur, CEO, Cement Business, said, “These brownfield expansion projects are part of our strategy to double our production capacity over the next five years from the current capacity of 67.5 MTPA. Our ongoing investments in capacity expansion and sustainability will enable us to achieve our long-term objectives, as we remain committed to delivering sustainable growth and value to our stakeholders.”
The Company remains committed to achieving significant size, scale, and market leadership with a strong emphasis on margin expansion and world-class ESG standards.