UltraTech Cement announced the validation of its carbon dioxide (CO2) emissions reduction targets by the Science Based Targets Initiative (SBTi).
In July 2020, the Company committed to set science-based targets to reduce its greenhouse gas (GHG) emissions. UltraTech Cement commits to reduce Scope 1 GHG intensity by 27% by 2032 from the base year of 2017.
The Company also commits to reduce Scope 2 GHG intensity by 69% within the same time frame. The Science-Based Target initiative (SBTi) has validated UltraTech s GHG reduction targets which covers the target to lower its CO2 intensity in cement to 462 kg net CO2 per ton of cementitious material (net CO2/t.cem.) by 2032.
Read more about Investor wealth falls Rs 1.37 trn as markets snap three-day rising streak on Business Standard. The 30-share BSE Sensex closed at 50,792.08, lower by 487.43 points or 0.95 per cent. During the trade, it plunged 741.08 points to 50,538.43
On 09 March 2021 Everest Industries announced that the National Company Law Tribunal (NCLT), Mumbai Bench has sanctioned the scheme of merger of Everest Building Solutions (a wholly owned subsidiary of the company) with Everest Industries. The said order has been uploaded on the website of NCLT on 09 March 2021.
Powered by Capital Market - Live News
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.) Dear Reader,
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative v
Grasim Industries advanced 3.62% to Rs 1,393.35 on BSE, extending gains for the second consecutive session.
Shares of Grasim Industries rallied 4.06% in two trading sessions from a recent closing low of Rs 1,338.90 on Friday, 5 March 2021.
On the technical front, the stock s RSI (relative strength index) stood at 75.892. The RSI oscillates between zero and 100. Traditionally, the RSI is considered overbought when above 70 and oversold when below 30.
The stock was trading above its 50-day moving average (DMA) placed at 1134.20 and its 200-day moving average (DMA) placed at 822.10.
Grasim Industries posted 103% jump in consolidated net profit to Rs 1,384 crore on 13% rise in revenue from operations to Rs 20,986 crore in Q3 FY21 over Q3 FY20.
Read more about Grasim Ind rises over 4% in two sessions on Business Standard. Grasim Industries advanced 3.62% to Rs 1,393.35 on BSE, extending gains for the second consecutive session.