Ambuja Cements joins AFID as first cement company

01 Oct 2024 CW Team

Ambuja Cements, part of the Adani Group, has become the first cement manufacturer globally to join the Alliance for Industry Decarbonization (AFID), a platform aimed at accelerating decarbonization efforts across industries. The alliance focuses on facilitating knowledge exchange among public and private stakeholders in energy-intensive sectors.

In its commitment to sustainability, Ambuja Cements aims to achieve Net Zero by 2050, with targets validated by the Science Based Targets initiative (SBTi). The company plans to invest ?100 billion in renewable energy projects, targeting a capacity of 1GW and 376 MW from Waste Heat Recovery Systems (WHRS). This initiative is expected to enable 60% of its expanded capacity to run on green power by FY2028.

Ambuja Cements has already utilized over 8.6 million tonnes of waste-derived resources and achieved a status of 11x water-positive and 8x plastic-negative in FY24.

Karan Adani, Non-Executive Director of Ambuja Cements, stated, “This marks a significant step in our sustainability journey. We are among the lowest emission-intensity cement producers globally and are implementing strategic initiatives to further reduce our GHG emissions. Joining AFID will allow us to leverage the experiences of industry peers and share our decarbonization approach.”

The AFID aims to foster dialogue and enhance cooperation among companies to develop effective decarbonization strategies aligned with national commitments. The International Renewable Energy Agency (IRENA) oversees the alliance's activities.

Real Estate

07 Aug 2026

BXB Estates Sets AED 110 Million Jumeirah Golf Estates Record

BXB Estates has completed an AED 110 million residential transaction at Jumeirah Golf Estates, setting a new sales record for the prestigious Dubai residential community.Negotiated by Alfie Tabrez, Managing Partner of BXB Estates, the deal surpassed the previous record of AED 58 million for a completed ready villa in the development.The six-bedroom residence offers 21,714 sq ft of built-up space on a 15,873-sq-ft plot. It features nine bathrooms, four living lounges, a home office, bar lounge, private cinema and rooftop terrace.The property also includes a dedicated wellness area comprising a ..

SECR Floats Rs 6,019 Mn EPC Tender For Paradol Nagpur Link

South East Central Railway (SECR) has invited bids for an Engineering, Procurement and Construction (EPC) contract to build a new broad gauge single line between Paradol Takeoff Point and Nagpur Road Station in Chhattisgarh. The contract carries an estimated cost of Rs 6,019.0 mn and requires an earnest money deposit of Rs 120.4 mn. The work is framed as an EPC assignment intended to strengthen regional rail infrastructure. The tender, issued under number CAO-C-BSP-26-27-15, specifies a completion period of 730 days and a bid validity of 180 days. Two pre-bid meetings are scheduled for 24 Augu..

Indian Railways Reports Nine Per Cent Rise In July Freight Loading

Indian Railways handled 141.3 million tonnes (141.3 mn t) of freight in July, marking a rise of nine per cent year on year. Freight loading maintained a positive trajectory across the network compared with the same month last year. Passenger traffic also increased in July, contributing to higher overall network utilisation. The July outcome continued a pattern of steady monthly gains, reflecting gradual improvement in industrial and logistics activity. The growth in freight volumes reflected stronger demand across multiple sectors and improvements in logistics and train turnarounds. Enhanced r..