Ambuja Cements has appointed Neeraj Akhoury as its new managing director and chief govt officer with impact from 21 February, 2020, the corporate stated in a press launch. Akhoury shall be taking up from Bimlendra Jha, who resigned with impact from 20 February, 2020, to pursue different pursuits.

Akhoury was managing director and chief govt officer of ACC Limited since February, 2017. He has 27 years of robust expertise throughout a number of roles together with gross sales and advertising, logistics, company affairs together with company social duty, technique and enterprise growth, the corporate stated.

N.S.Sekhsaria, chairman, Ambuja Cements, stated within the launch: “We are pleased to have Neeraj take over the position of Managing Director and Chief Executive Officer. Neeraj is a cement industry veteran, has years of experience in this business in India and abroad. We are confident that Neeraj will lead Ambuja further to higher levels. We wish to respect Bimlendra’s personal decision and thank him for his valuable contribution to the Company and wish him all the best for the future.”

Ambuja Cements reported an 8% rise in consolidated internet revenue within the October-December 2019 quarter, as income elevated and prices stayed in examine.

Cement volumes grew about 7% year-on-year whereas realisation registered a progress of three%, which led to a top-line progress of 10%. The quarter noticed discount in key prices of energy & gas and logistics on account of low price of gas, operational efficiencies and optimisation in provide chain, the corporate stated. For the quarter, working EBITDA stood at about Rs548 crore in opposition to Rs404 crore within the corresponding quarter of the earlier yr.

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