Mahindra’s Farm Equipment Sector Sells 24,619 Units In India During February 2023

Mahindra & Mahindra Ltd.’s Farm Equipment Sector (FES), part of the Mahindra Group, today announced its tractor sales numbers for February 2023.

Domestic sales in February 2023 were at 24,619 units, as against 18,910 units during February 2022.

Total tractor sales (Domestic + Exports) during February 2023 were at 25,791 units, as against 20,437 units for the same period last year. Exports for the month stood at 1,172 units.

Commenting on the performance, Hemant Sikka, President - Farm Equipment Sector, Mahindra & Mahindra Ltd. said, “We have sold 24,619 tractors in the domestic market during February 2023, a growth of 30% over last year. Record Rabi crop acreage for wheat and oilseeds, high crop prices and better terms of trade for farmers is leading to positive sentiments in the rural markets. Expected higher Rabi output will improve liquidity in the hands of the farmers, supporting tractor demand. Water reservoir levels continue to remain high. In the exports market, we have sold 1172 tractors.”

About Mahindra

Founded in 1945, the Mahindra Group is one of the largest and most admired multinational federation of companies with 260,000 employees in over 100 countries. It enjoys a leadership position in farm equipment, utility vehicles, information technology and financial services in India and is the world’s largest tractor company by volume. It has a strong presence in renewable energy, agriculture, logistics, hospitality and real estate. The Mahindra Group has a clear focus on leading ESG globally, enabling rural prosperity and enhancing urban living, with a goal to drive positive change in the lives of communities and stakeholders to enable them to Rise.

Learn more about Mahindra on www.mahindra.com / Twitter and Facebook: @MahindraRise/ For updates subscribe to https://www.mahindra.com/news-room

Seagram’s Royal Stag Unveils A New Music Property For New India, ROYAL STAG BOOMBOX -The Original Sound Of Generation Large

* Creating a different rhythm, both in its scope and sound, Royal Stag Boombox aims to offer a unique experience, where the best-loved melodies of Bollywood meet the pulsating beats of hip-hop. This immersive experience features an eclectic set of musicians including Badshah, Armaan Malik, Amit Trivedi, Slow Cheeta, Nikhita Gandhi, Bali, EPR, Neeti Mohan, Jasleen Royal, DJ Suketu and Dino James, among others.

Celebrating the spirit of ‘Living it Large’, Seagram’s Royal Stag presents Royal Stag Boombox, a first-of-its-kind musical experience. It is the sound of a young generation, a tribe that tends to make rather than follow trends; a tribe that is in constant search of soul-touching experiences. In an exclusive preview in Mumbai on Monday, February 27, 2023, the brand revealed a glimpse of what’s in store. Royal Stag Boombox audaciously brings together polar opposites of the music industry, the melody of Bollywood and the gully vibe of Hip-Hop, to make original music, to create a new soundscape.

For many years, music has been a key consumer engagement pillar for the brand. Today, the youth tilts towards exploring exciting new forms of music. Contemporary genres such as hip-hop are becoming increasingly popular among the youth of the country, while Bollywood melodies remain integral to their cultural milieu. Royal Stag Boombox intends to stir the imagination of this generation, blending music they have inherited, Bollywood scores, with the genre that speaks to them, Hip Hop. This mix will have the swag and emotional heft of Hindi cinema’s best compositions and the throbbing vibe and vigor of hip-hop.

This cultural movement manifests itself in two unique, engaging formats:

·         The in-studio format; a unique Phygital music concept featuring four original Melody x Hip Hop music tracks that will be released as singles and videos across platforms.

·         On-ground format; this format will travel to five of India’s biggest youth hubs – Pune, Indore, Bhubaneswar, Manipal and Jalandhar, to offer a heady cocktail in each city, of enviable headline acts alongside food, culture and merchandise. Quite simply, a true-blue youth carnival feel that cannot be missed.

Commenting on the unveiling of Royal Stag Boombox, Kartik Mohindra, CMO, Pernod Ricard India, said: “Music and experience bring people together like nothing else and are natural enablers of conviviality. Royal Stag has always strived to pulse with the passion points of the youth of this country and Royal Stag Boombox is the perfect platform for the brand to connect with tomorrow’s India. Royal Stag Boombox is a direct extension of the Royal Stag philosophy of “Living it Large,” while offering a unique opportunity of coming together and enjoying new experiences. It has created a new soundscape by blending two exciting genres, hip-hop and melody; this might just become the new rhythm of young India!

Speaking about the launch of Royal Stag Boombox, Ajay Gupte, CEO- South Asia, Wavemaker said, “Royal Stag has always positioned itself as a youth brand and with Royal Stag Boombox - a unique and engaging musical experience designed for the young consumer, we are taking it a step further. This is yet another innovative collaboration between Wavemaker and Pernod Ricard in the area of music and entertainment. We are confident that Royal Stag Boombox will appeal to the music lovers of the country and will be a huge success.”

Commenting on the association, Mahesh Shetty, Head – Network Sales, Viacom18, said, “Connecting with the consumers at their wavelength and creating content that resonates with them has been the core of Viacom18's DNA.  We are super kicked about our partnership with Pernod Ricard to create this new experience in the soundscape of India. Each music piece is a gem and we are confident Indian youth will be humming these tunes in the coming days.”

Music composer and singer, Amit Trivedi shared his thoughts saying, “Youngsters of India love to explore new forms of music. I am thrilled to be a part of Royal Stag Boombox and this unique mix of the melody of Bollywood and the vibe of Hip Hop to offer fresh new sounds to the audience.”

Singer-songwriter Armaan Malik said, “Music is no less than therapy in the right moments; it moves people and brings them together unlike anything else. I am glad to be part of Royal Stag Boombox, a music festival specially curated to spread love and joy through the medium of live music.”

Excited about the association, rapper Badshah said, "I am thrilled to be associated with Royal Stag Boombox and to have the opportunity to perform for my amazing fans in Bhubaneswar, Indore, and Pune. I can't wait to bring the house down with my music and create unforgettable memories with all of you. Get ready to witness an epic show!"

Rapper EPR mentioned, “I’m happy to be part of this unique platform - Royal Stag Boombox. The energy of performing for a youthful audience is something else.”

Rapper Bali expressed, “It’s an exciting time for Hip Hop in India. It feels great to see that Royal Stag Boombox is not only celebrating this music form but curating a unique blend of Hip Hop and Melody that will surely resonate with music lovers across India.”

Artist Dino James expressed, “It is wonderful to be a part of this unique musical experience that Royal Stag Boombox has curated. I am really looking forward to kickstarting this unique journey.”

Rapper SlowCheeta said, "For Royal Stag to create a platform – Royal Stag Boombox, where artists like us can come together to collaborate and express themselves is absolutely incredible! The opportunity to work with some stalwarts and create something as special as this track is priceless."

Singer Nikhita Gandhi added, “As a vocalist, I enjoy the idea of creating something new. So, the idea of creating a new genre of music, a beautiful combination of Bollywood and Hip Hop with Royal Stag Boombox, got me excited instantaneously.”

The festival is set to tour five Indian cities: Pune, Indore, Manipal, Bhubaneswar and Jalandhar, where close to 50,000 people are set to have the time of their lives.

ABOUT ROYAL STAG:

Seagram’s Royal Stag is the flagship brand of Pernod Ricard India. Royal Stag has been a consistent star since launch, and a brand quite often credited to have changed the rules of the game. It is for the young, daring, confident, progressive, and inspiring individuals who embody self-belief. The brand has been inspiring the youth of India through its communication around the philosophy of “It’s your life. Live it large”.

ABOUT PERNOD RICARD INDIA

Pernod Ricard India (P) Ltd. is a fully owned subsidiary of Pernod Ricard SA and is a fast-growing multinational alcohol beverage company delivering quality products to its consumers across the country. With leading brands in each category, Pernod Ricard holds one of the most dynamic and premium portfolios in the industry led by Seagram’s whiskies such as Royal Stag, Royal Stag Barrel Select, Blenders Pride, Blenders Pride Reserve Collection, Imperial Blue, 100 Pipers and a wide range of International premium brands that include Chivas Regal, Ballantine’s, The Glenlivet, Royal Salute and Jameson Irish whiskey. Some of the eminent brands in white spirits category include ABSOLUT vodka, Jacob’s Creek and Campo Viejo wines, Martell cognac, Beefeater and Monkey 47 gin, Kahlúa and Malibu liqueurs, Mumm and Perrier-Jouët champagne. Pernod Ricard India is recognized as an industry leader with various recognitions and achievements that help the company deliver quality products to consumers. Seagram’s whiskies are exported to 26 countries across the world. Pernod Ricard India is a socially responsible organization with a strong belief to strengthen corporate citizen by addressing social, economic and environmental sustainability in all key states.

MAHE Celebrated National Science Day On Feb 28, 2023 With Enthusiasm

Manipal Academy of Higher Education (MAHE), Manipal recently celebrated National Science Day on February 28, 2023, at Fortune Inn Valley View, in the presence of dignitaries

Dr. P Subrahmanya Yadapadithaya Vice-Chancellor, Mangalore University as theChief Guest ; Lt Gen (Dr) MD Venkatesh Vice-Chancellor, MAHE; Dr Narayana Sabhahit, Pro VC, Technology & Science, Dr Giridhar Kini, Registrar, MAHE along with HODs and HOIs. The event was organized to commemorate the discovery of the 'Raman Effect' by Sir CV Raman on February 28, 1928, and to highlight the importance of science and its impact on everyday life. Students, from over 25 educational institutions, comprising various Schools and Colleges represented the event.

For the past 20 years, MAHE has been organising various activities such as model building, drawing, and elocution competitions on defined themes for higher primary and high school children in the region. Additionally, MAHE hosts school toppers for a week-long residential, hands-on science training program at the Manipal School of Life Sciences (MSLS), culminating in a science exhibition and the Science Day celebrations.

Dr. P Subrahmanya Yadapadithaya, Vice-Chancellor, Mangalore University said, "Science has the transformative power to ensure education, health, and food for all. Observation, experimentation, and analysis are the three key attributes of a scientific attitude among youngsters. Students and researchers should have a malleable mind so that they can be ready to learn, unlearn, and re-learn whenever presented with an opportunity. They should possess passion and conviction in their actions while having the courage to fail and the confidence to win. Furthermore, raising public awareness on the significance of science and its applications in technology is crucial."

Speaking about the celebration, Lt Gen (Dr) MD Venkatesh Vice-Chancellor of MAHE said, "National Science Day celebrations are an excellent platform to promote scientific temper among students. It is essential to inculcate a scientific attitude in every walk of life to bring about significant development in society. I urge all students to pursue their goals in the diverse fields of science."

Dr Yadapadithaya's views were endorsed and echoed by Lt Gen (Dr) MD Venkatesh in his presidential address. Dr Yadapadithaya, Lt Gen (Dr) MD Venkatesh, Dr Narayana Sabhahit, Dr Giridhar Kini, and Dr Satish Rao presented the prizes to winners of various competitions held as part of the Science Day activities. Dr Narayana Sabhahit delivered the welcome address, Dr Bharath Prasad (Assistant Professor, MSLS MAHE) introduced the chief guest, and later, Dr. Giridhar Kini proposed the vote of thanks, expressing gratitude to all the dignitaries and participants who made the celebration a grand success.

The event served as an excellent platform for students to showcase their scientific skills and knowledge while imbibing the essence of scientific inquiry, exploration, and innovation. MAHE's National Science Day celebration was a grand success, inspiring and motivating students to pursue their interest in science and explore its potential in solving real-world problems.

Leading New Zealand Food Science Facility Relies On ELGi’s AB Series To Deliver Oil-Free ‘Class 0’ Compressed Air

* Turnkey solution delivers 100 per cent oil-free compressed air in compliance with ISO 8573-1 ‘Class 0’ to facility shared by New Zealand research providers.

ELGi Equipments, one of the world’s leading air compressor manufacturers, together with its authorised partner Compressed Air Controls, have provided a complete oil-free ‘Class 0’ turnkey compressed air system solution to a new food science facility jointly operated by a trio of leading New Zealand research providers.

A dedicated supply of 100 per cent oil-free compressed air was required in the recent development of the facility Te Ohu Rangahau Kai, which is shared by Massey University, AgResearch and the Riddet Institute, and is situated on the university’s Manawat? campus in Palmerston North. The new facility includes over 1,800 m2 of research laboratory space that houses a range of hi-tech food science analytical equipment including mass spectrometers. Mass spectrometers require high-purity nitrogen to analyse chemical molecules in food. Delivered by a nitrogen generator, the compressed air supply for the nitrogen generator needed to be 100% oil-free and certified ‘Class 0’ in compliance with ISO 8573-1.

To find the right solution to meet these stringent requirements, Massey University contacted long-standing compressed air partner Compressed Air Controls, one of ELGi’s authorised partners. Steve Carran, Territory Manager at Compressed Air Controls, said, “We designed a complete skid-mounted turnkey solution, including an ELGi AB37 oil-free screw air compressor and an Airmate EGRD200 refrigerated air dryer complete with downstream filtration, and full stainless steel air lines to meet their needs.”

Keith Harvey, Project Manager at Massey University, said, "It was essential that the compressed air supply for the nitrogen system used in the mass spectrometers was certified Class 0, eliminating the risk of oil contamination. The AB series from ELGi promised to meet these requirements with minimal environmental impact, which also aligned well with our environmental sustainability goals. In addition, we required a highly reliable compressed air system and the assurance of local service backup. The recently installed ELGi turnkey compressed air solution, and Compressed Air Control's expert service and support is meeting our expectations."

Installed in September 2022, the ELGi AB series was particularly suited to meet AgResearch’s requirements on account of:

ZERO PROCESS CONTAMINATION: a 100 per cent oil-free compressed air solution, certified ‘Class 0’ in compliance with ISO 8573-1 and ISO 8573-7 and manufactured in an ISO 22000 factory, producing high-quality air, free of microbiological contaminants.

LOW LIFECYCLE COSTS: efficient airend with best-in-class performance and optimal system configuration in single-stage operation.

LOW MAINTENANCE COST: enhanced life and performance of the compressor due to fewer moving parts at low operating speeds.

HIGH RELIABILITY: engineered to deliver maximum uptime and availability, backed up with ongoing service support provided by ELGi’s authorised partner CAC.

LOW CARBON FOOTPRINT: minimal environmental impact due to superior efficiency and zero mineral oil residue.

Ramesh Ponnuswami, Executive Director, ELGi OSEA, said, “ELGi’s AB series represents a real disruption in oil-free compressed air technology for sensitive industrial applications that not only demand 100 per cent oil-free compressed air in compliance with ISO 8573-1, but want to achieve high reliability and high efficiency with low cost of ownership and minimal environmental impact. We are delighted to have supplied an AB series oil-free screw air compressor to this new food science facility, and to be a small part of the new Te Ohu Rangahai Kai building, one of the largest agricultural food research centres in New Zealand.”

Tata Motors And State Bank of India Sign MoU To Offer Attractive Financing Solutions For The Ace EV

* The partnership will introduce easy loan structured schemes for purchase of the all-new Tata Ace EV

Tata Motors, India’s largest commercial vehicle manufacturer has signed a Memorandum of Understanding (MoU) with State Bank of India (SBI), country’s leading public sector bank to offer unique financing solutions for the purchase of the all-new Tata Ace EV – India’s most advanced, zero-emission, four-wheel commercial vehicle. Through this partnership, Tata Motors will leverage SBI’s strong network to make these solutions accessible to customers.

Highlights of SBI finance policy for Tata Ace EV:

* 90% funding of on-road price of the vehicle

* Loan tenure up to six years 

* Digitally-enabled loan sanction process 

* No collateral security required for a loan 

On the occasion, Mr Pravin Raghavendra– Deputy Managing Director (Retail - Agri, SME & FI), State Bank of India, said, “We are proud to partner with Tata Motors in an endeavour to offer attractive financing options for the Ace EV. We are confident that the new financing scheme will help individuals and MSMEs in purchasing the state-of-the-art, eco-friendly electric mini-truck.”

Commenting on this partnership, Mr. Rajesh Kaul, Vice President, Sales & Marketing, Commercial Vehicle Business, Tata Motors, said, “We are delighted to join hands with the largest bank in the country, the State Bank of India, to offer unique, seamless financing schemes for the Tata Ace EV customers. The MoU has further strengthened our aim to make Tata Ace EV more accessible to customers. We are confident that our collaboration will fast-track our efforts towards sustainable mobility and support the nation’s net-zero aspirations.”

The new Ace EV is co-developed with rich collaboration with its stakeholders, and has successfully completed stringent real-world market trials with its customers. Supported by a diligently curated ecosystem, the Ace EV comes with a holistic solution for hassle free e-cargo mobility and 5-year comprehensive maintenance package. The Ace EV’s supporting ecosystem includes development and deployment of charging infrastructure, setting up of dedicated Electric Vehicle Support Centres for maximum fleet uptime, deployment of Tata Fleet Edge – the next-gen optimal fleet management solution, support of Tata UniEVerse, the proven enabling eco-system of relevant Tata Group companies, and partnerships with the country’s leading financiers for availing funding.

About Tata Motors

Part of the USD 128 billion Tata group, Tata Motors Limited (NYSE: TTM; BSE: 500570 and 570001; NSE: TATAMOTORS and TATAMTRDVR), a USD 37 billion organization, is a leading global automobile manufacturer of cars, utility vehicles, pick-ups, trucks and buses, offering extensive range of integrated, smart and e-mobility solutions. With ‘Connecting Aspirations’ at the core of its brand promise, Tata Motors is India’s market leader in commercial vehicles and amongst the top three in the passenger vehicles market.

Tata Motors strives to bring new products that fire the imagination of GenNext customers, fueled by state of the art design and R&D centers located in India, UK, US, Italy and South Korea. With a focus on engineering and tech enabled automotive solutions catering to the future of mobility, the company’s innovation efforts are focused to develop pioneering technologies that are sustainable as well as suited to evolving aspirations of the market and the customers. The company is pioneering India's Electric Vehicle (EV) transition and driving the shift towards sustainable mobility solutions by preparing a tailor-made product strategy, leveraging the synergy between the Group companies and playing an active role liasoning with the Government in developing the policy framework.

With operations in India, the UK, South Korea, Thailand, South Africa and Indonesia, Tata Motors’ vehicles are marketed in Africa, Middle East, South & South East Asia, Australia, South America, Russia and other CIS countries. As of March 31, 2022, Tata Motors’ operations include 86 consolidated subsidiaries, two joint operations, four joint ventures and 10 equity-accounted associates, including their subsidiaries, in respect of which we exercise significant influence.

Photo Caption: Girish Wagh, Executive Director, Tata Motors and Pravin Raghavendra, Deputy MD (Retail - Agri, SME & FI), SBI along with delegates from Tata Motors and SBI at the MoU signing.

Columbia Pacific Communities And Embassy Group Launch Their First Senior Living Community In Bengaluru

* The signature project, Serene Amara by Columbia Pacific, is jointly developed by Columbia Pacific Group and Embassy Group.

Columbia Pacific Communities (CPC), a part of Seattle-based Columbia Pacific Group, and Embassy Group, India’s leading real estate developer, launch Serene Amara by Columbia Pacific at Embassy Springs. A joint development, the project will be managed by Columbia Pacific Communities and built by Embassy Group. Columbia Pacific Group has leveraged their 40 years of experience and expertise in senior housing design, development, and management in collaboration with Embassy Group’s strengths in providing world-class infrastructure and comfort to create their 11th senior living community in India.

Developed at Embassy Springs, an integrated township spread across 288 acres and one of Bengaluru’s biggest and best planned city,  Serene Amara by Columbia Pacific will comprise 239 exclusive residences on 17 floors with best-in-class features and amenities to promote comfortable and healthy living for seniors. The combined investment for the project is Rs. 165 crore for 2.44 acres of senior living community space.

Designed by world renowned architects, Venkataramanan Associates, the project will launch this year, offering seniors in Bangalore a community where they can lead healthier, happier, more secure, and better connected lives. A strong emphasis has been placed on high standards of quality, bespoke services, ample open spaces and greenery, and safety. Available in 1, 2, and 3-BHK configurations, the units are priced between Rs 60 lakhs and Rs 1.48 crore, exclusive of statutory charges.

With a new-age club with entertainment, recreational, and fitness facilities, along with amenities such as a senior-friendly gymnasium, indoor games room, and spa, the project ensures that seniors will live their best lives in their forever homes. Yoga and meditation decks, a reading lounge, a restaurant, a business centre, walking paths in the outdoor landscape, and outdoor dining at the podium enhance the experience. In addition to these senior-friendly amenities, the community is fully-serviced with food, housekeeping, and 24-hour assistance and medical care.

Commenting on the launch, Mohit Nirula, CEO, Columbia Pacific Communities, says, “We are elated to launch our 11th senior living community in India and our Group’s first joint venture project with Embassy Group, Serene Amara by Columbia Pacific. With Embassy Group, we are confident that this community will not only provide a healthy and comfortable space for senior residents but will also help them lead a blissful life. With the two experts coming together, our aim is to develop world-class senior living communities in India with fully serviced residences designed to international standards. At CPC, we create communities that promote positive ageing amongst seniors through community living, a focus on physical, mental, emotional, and intellectual wellbeing, and social engagement. Community living offers an enhanced lifestyle, security, safety, and medical care for seniors, as well as peace of mind for their families.”

Aditya Virwani COO – Embassy Group, adds, “We are proud to team up with Columbia Pacific Communities for our first project in the senior living sector, a new asset class for Embassy Group. Combining our expertise, strength, and abilities to meet the requirements of this growing but vital segment, Serene Amara by Columbia Pacific will appeal to seniors with an appreciation for a healthier lifestyle and thriving community in the privacy of their own home. We wanted a specialist partner who would provide an enriching experience for our seniors; in CPC, we found the ideal collaborator. Embassy Group’s brand promise has been to deliver high-quality, future-first, and enhanced living spaces to all age groups, from co-living for millennials to branded and luxury homes, and now we foray into senior living. With the launch of Serene Amara by Columbia Pacific, we have taken our first step towards building communities that will stand apart, making the golden years for our seniors dignified, joyful, and fulfilling.”

Veteran actress Ratna Pathak Shah, who honoured the project’s launch event with her timeless grace, said, “I congratulate Columbia Pacific Communities and Embassy Group for building a community for senior residents where they can look forward to living and interacting with like-minded peers and enjoy an active and peaceful life. The idea of positive ageing should not be limited solely to health and well-being, but should also encourage the enthusiastic participation of senior citizens in society so they feel cared, valued, and listened to. I am glad that these two distinguished brands are taking steps in the right direction to create an environment that encourages people of my age to remain physically fit, mentally alert, and emotionally stimulated.”

The community will offer a packed calendar of resident engagement events, including book readings, yoga and mindfulness sessions, drumming sessions, pottery and storytelling workshops, and more. These activities, designed around the six pillars of positive aging, help residents stay healthier for longer.

Columbia Pacific Communities is India’s largest and most experienced senior living community operators with over 1750 residential units under management in 5 cities and 10 locations across south India. As the pioneers in this category, it is committed to reimagining the concept of senior living in India and create world-class practices that exceed these expectations of its stakeholders. It is part of the Seattle-based Columbia Pacific Group, one of the foremost developers of senior living communities in the United States and China. Founded by entrepreneur and senior living pioneer Dan Baty, Columbia Pacific has more than 40 years of experience and expertise in designing, building and managing senior housing communities around the world. The team, with the expertise of its principals in the United States of America and its partners in India, brings together rich experience in senior housing design, development and management.

For more information  visit: www.columbiacommunities.in

About Embassy Group

Founded in 1993, Embassy Group is one of India's largest real estate conglomerates with a broad portfolio of over 62 million sq. ft. of prime commercial, residential, retail, hospitality, services, and educational spaces across Bangalore, Chennai, Pune, Mumbai, Noida and Trivandrum in Indian Markets, and Serbia and Malaysia in the international markets. Across all asset classes, Embassy lays strong emphasis on high standards of quality, delivery, world-class services, environmental management, and safety. Embassy was a sponsor of India's first REIT, the largest office REIT in the Asia Pacific. As an extension of its vision to create world class urban infrastructure, the company has also contributed in the field of education. The Group's Community Outreach program empowers over 19,000 children across 150+ government and rural schools to create a positive social impact in India.

Photo Cation - From Left to Right - Aditya Virwani COO,Embassy Group,Veteran actress Ratna Pathak Shah & Mohit Nirula, CEO, Columbia Pacific Communities.

Ambuja Cements And ACC Bag Four Awards At The ICAI Award For Excellence In Financial Reporting And Sustainability Reporting

·         Ambuja Cement was awarded for Excellence in Financial Reporting and Sustainability Reporting Awards for 2021-22 in category VII(A) and 3 respectively of the ICAI Awards.

·         ACC Limited received the Plaque Award in the Category 1A – Integrated Reporting

·         The CSR arm of Ambuja Cements received the ICAI Award for Excellence in Financial Reporting for FY21-22 in the Non-Profit sector.

ACC, Ambuja Cements and its CSR arm, the cement and building material companies of Adani Cement and part of Adani Group, have been recently felicitated by the Institute of Chartered Accountants of India for Excellence in Financial Reporting and Sustainability Reporting for 2021-22. The awards recognize companies that demonstrate a strong commitment to transparency and responsible management practices.

1.      The Annual Report and Financial Statement of Ambuja Cements for 2021 has been adjudged as the Plaque winner in Category VII (A) – Manufacturing and Trading Sector (turnover equal to 3000 cr or more) of ICAI Awards for Excellence in Financial Reporting for the year 2021-22

2.       Ambuja Cement’s Annual Report also won the Silver Award in the Category 3 – Reporting on Sustainable Development Goals.

3.      ACC Limited received the Plaque Award in the Category 1A – Integrated Reporting - Manufacturing Sector of “ICAI Sustainability Reporting Awards 2021-22”.

4.      The CSR arm of Ambuja Cements also received the ICAI Award for Excellence in Financial Reporting for FY21-22 in the Non-Profit sector.

Ambuja Cement’s Annual Report has also been honoured globally with the ‘Certificate of Merit’ for the year 2021 in the category ‘Manufacturing Sector’ by the South Asian Federation of Accountants (SAFA) in the competition for Best Presented Annual Report Awards.

Mr. Ajay Kapur, CEO, Cement Business, said, "It is an honour for us to receive the ICAI Awards for Excellence in Financial Reporting and Sustainability Reporting for FY 2021-22. I believe robust financial reporting is a hallmark of transparency and good governance and we are thankful to ICAI for recognizing our efforts.”

Adani Cement is aligned to the Group’s commitment to increase its ESG footprint by realigning its businesses with emphasis on climate protection, circular economy, creating low carbon products, focus on clean energy and increasing community outreach through its CSR program based on the principles of sustainability, diversity, and shared values. The Company has taken several steps to prioritize ESG initiatives, including setting ambitious sustainability goals, implementing a robust governance structure, and regularly reporting on its progress.

The Institute of Chartered Accountants of India (ICAI) has been organising the ICAI Awards for Excellence in Financial Reporting to promote and reward entities that comply with the accounting standards and other statutory disclosure obligations.