IRM India affiliate, Ultratech to bolster risk-readiness in cement

22 Dec 2022 CW Team

Institute of Risk Management (IRM) India Affiliate has signed a memorandum of understanding (MoU) with UltraTech Cement Limited to work on enhancing Enterprise Risk Management (ERM) and risk intelligence in the cement sector.

The organisation will work with UltraTech to raise awareness about ERM and build resilience in the sector.

The collaboration is part of IRM India Affiliate’s long-term vision of building risk resilience and a robust ecosystem of risk-intelligent organisations across sectors. As a part of this knowledge partnership, IRM India Affiliate and UltraTech Cement will be organising webinars, roundtables, industry meetings, and thought leadership articles towards knowledge building for the sector.

Atul Daga, Executive Director and CFO, UltraTech, has also joined IRM India Affiliate’s Strategic Advisory Board.

According to an RBI Bulletin, India’s cement industry has made remarkable progress, reducing carbon dioxide emissions by 36 per cent between 1996 and 2017, moving from 1.12 tonnes/t to 0.719 tonnes/t between these years, the company said.

The Indian cement industry ranked second in the world, after China, in terms of production and consumption, is considered to be one of the most environmentally sentient industries with the lowest carbon footprint.

In the next 20 years, over 250 million people are likely to shift to India's cities. This will create a huge demand for cement, and may cause a surge in the use of inputs. This would, in the process give rise to the need for mitigation strategies to avoid environmental, sustainability, health, natural resources, and cybersecurity risks. The role of ERM will be crucial to ensure the achievement of these objectives.

Also Read
Shyam Metalics acquires Mittal Corp
NHIDCL signs MoU with NIT Manipur for highways construction

Infrastructure Energy

22 Oct 2025

KEC Secures Rs 10, 380 Mn Substation Order in Saudi Arabia

KEC International Ltd., a global infrastructure EPC major, and an RPG Group company, has secured a new order worth Rs 10,380 million for the Design, Supply and Installation of a 380 kV GIS Substation in Saudi Arabia.Vimal Kejriwal, MD & CEO, KEC International Ltd., commented, “We are delighted with the successive order wins in our T&D business. In a landmark achievement, we have secured our largest ever substation order. This prestigious order in the Middle East has widened our portfolio and strengthened our presence in the region. With this strategic win, our year-to-date or..

Central Bank of India executes first fully digital SCF deal on PSB Xchange

In a major advancement for India’s banking sector, Central Bank of India (CBI) has successfully completed the country’s first fully digital supply chain finance (SCF) transaction on PSB Xchange—a unified multi-lender platform launched by PSB Alliance. PSB Xchange is designed to connect public and private sector banks, NBFCs, and fintechs with corporates and their channel partners to facilitate supply chain finance and small business loans. The transaction marks the first time a fintech-originated corporate lead has been seamlessly processed through the PSB Xchange ecosystem. The lead fl..

Atlanta Electricals secures Rs 1,835 Mn transformer order from BNC Power

Atlanta Electricals Limited (“Atlanta”) has secured an order worth Rs 1,835 million from BNC Power Projects Ltd for the supply of extra high voltage (EHV) transformers and a bus reactor for its Pugal site. The contract includes a mix of 315 MVA, 400 KV and 100 MVA, 132 KV transformers along with a 400 KV bus reactor. The project scope encompasses design, manufacturing, testing, and supply to the project site. Deliveries will be sequenced following engineering and drawing approvals, offering multi-quarter execution visibility and ensuring a steady production run-rate. The order will be ex..