Ambuja Cement Foundation, the CSR arm of Ambuja Cements Ltd - a part of the global conglomerate LafargeHolcim and a leading cement manufacturer in India - has been conferred with the prestigious 'Best CSR & Sustainability Practices Award 2017' in recognition of its concerted efforts that transformed lives by energising, enabling and involving the rural communities, thus facilitating economic progress and contributing to nation-building.
The award was received by Ambuja Cement's MD & CEO Ajay Kapur and Ambuja Cement Foundation's Head Pearl Tiwari jointly from Mervyn King, a senior counsel and former judge of the Supreme Court of South Africa, who also chairs several integrated report councils and governance committees. The recognition was presented by the Asia Centre for Corporate Governance & Sustainability - a reputed, independent institution that works to bring about qualitative improvements in the corporate governance and corporate sustainability practices of Asian companies, optimising the value for shareholders and stakeholders in a balanced manner.
Delighted, Mr Kapur said, "We are greatly honoured by this award. This accolade reaffirms Ambuja Cement's values that lay a strong focus on empowering communities while co-existing with them. In fact, our strategic decisions are governed by our unique 'True Value' approach that encompasses people, planet and profit. Recognitions like this further strengthen our 'Thought Leadership' position as well as motivate us towards broadening our Sustainable Development vision."
Elated over the recognition, Ms Tiwari, "It's indeed a proud moment for us. The outcomes are the combined efforts of our existing partners, communities and the dedicated teams working at the ground level, reaching out to over two million people. Over 25 years of strong experience as an implementation agency for various initiatives has stood us in good stead and gives us further impetus to do more in every thrust area we are operating in".
The award ceremony was held in Mumbai last Monday during the 5th Asia Business Responsibility Summit that also discussed the sustainable development goals, global governance and leadership. The Jury made a special mention about the Women Empowerment, Water Management and Skill Development initiatives by the Ambuja Cement Foundation.
Ambuja Cement Foundation, which recently marked its Silver Jubilee year, has stepped up its efforts to further strengthen and expand its unique interventions while seeking greater collaborations. It has been going beyond CSR activities and recognised as a grassroots pan-India implementing organisation that harnesses the power of partnerships - between communities, Government and other like-minded corporates and NGOs - to help solve pressing community problems and foster prosperity.
Shares of AMBUJA CEMENTS LTD. was last trading in BSE at Rs.229.05 as compared to the previous close of Rs. 226.45. The total number of shares traded during the day was 374818 in over 1141 trades.
The stock hit an intraday high of Rs. 232.25 and intraday low of 226.9. The net turnover during the day was Rs. 86139397.