Company Background - ACC Ltd

The Associated Cement Company Limited is a trend setter and a benchmark for Indian cement industry. It enjoys excellent equity. A prominent overseas presence and figuring on the elite list of consumer super brands of India but most importantly ACC has been amongst the first Indian companies to make environmental protection, it is a cornerstone of its corporate objectives.

The historic merger of ten existing cement companies lead to the establishment of ACC - melding into a cohesive organization in the year 1936 at Maharashtra. Its a big company in cement manufacturing and offers the services of Ready mixed concrete and Consultancy service. This company is listed by Bombay Stock Exchange , National Stock Exchange and in London .

The house of TATA was intimately associated with ACC upto1999, after 1999 they sold their stake to AMBUJA Cement group. In the year 2005 an association was initiated between ACC and HOLCIM of Switzerland and in the same year company acquired the 98.84% of the equity shares of Tarmac India private Ltd . At January 1st 2006 the Tarmac India private Ltd was merged with ACC which operated two ready mix plants in Mumbai. ACC Ltd has four subsidiary companies namely Bulk Cement Corporation of India (BCCI), ACC Machinery Company Ltd (AMCL), ACC Nihon Castings Ltd (ANCL) and The Cement Marketing Company of India Ltd. As of the financial year 2007-08 ACC divested its entire stake in its engineering subsidiary ACC Nihon Castings Ltd.

The company received an award as "Good Corporate Citizen" for the year 2005-2006. During the year 2007 company acquired 100 % of the equity stake of Lucky Minmat Private Limited for Rs 35 crs and also acquired 14.3 % equity stake in Shiva Cement Limited. Meanwhile the company divested its entire equity shares in Almatis ACC Ltd to the Almatis group. The overseas contract with YANBU Cement Company in the kingdom of Saudi Arabia is successfully ongoing relationship from last 28 years and has been renewed up to February 28, 2011.

The company has developed comprehensive expansion plans to meet the requirements of its agenda for growth with a view to attain leadership position in the cement industry, for that company made a project for augmentation of clinkering and cement grinding. As a result with this the capacity of Gogal works stands increased to 4.4 Metric Tonne Per Annum. ACC planed to expand the unit of Bargarh works capacity to 2.14 MTPA together with 30MW captive power plant is underway. The implementation of the projects for augmenting grinding capacity at Madukkarai by 0.22 MTPA and New Wadi by 0.60 MTPA.

Production and sales of Ready Mix stood at 1.11 million cubic metres and 1.23 million cubic metres which was higher by 4.7 % and 9.8 % respectively compared to the previous year. The sales value of Ready Mix stood at Rs.367.02 crs which is 22.4% higher than the last year sales value. Ready mix concrete business has been identified as an area of strategic priority. ACC commissioned a Wind Energy Farm in Tamil Nadu to promote clean and green technology. The company foresees substantial scope for growth of this business in India and has accordingly finalised plans to expand Ready Mix business in major cities including Tier1 and Tier 2 cities. ACC realizes the growth potential of Ready Mix, the company has 26 plants for the same and enhance to 46 in 2008. The company have major capital expenditure projects in hand, as a result of these projects the total cement capacity of the company will increase to about 30.4 MTPA by end of 2010 with total outlay of Rs 4,000 crore