ACC Limited is a leading cement and ready-mix concrete manufacturer in India. Beginning its journey in 1936. It was originally known as The Associated Cement Companies Limited.
The company came to life by merging ten cement companies, setting up a strong base with a wide reach and varied products. It showed its focus on quality and innovation by starting its first research and development lab in 1944. Later on, the company grew by expanding its production and bringing in new technology. It kept modernizing and improving efficiency in the years that followed.
This company is recognized for its innovation, quality, and commitment to sustainable development. This makes a significant impact on India's infrastructure and leads the way in the construction materials industry.
Products & Services
ACC Limited stands as a prominent player in the Indian construction sector. It offers several products and services. The company specializes in cement and ready-mix concrete, tailoring its offerings to meet diverse construction needs. It produces various types of cement given below.
- Ordinary Portland Cement (OPC) is widely used in all types of construction and is known for its strength and durability.
- Portland Pozzolana Cement (PPC) is a blended cement that includes pozzolanic materials. It contributes to improved durability and resistance against chemical attacks.
- Composite Cement is a blend that includes slag and fly ash that offers sustainability benefits alongside performance.
- Ready Mixed Concrete (RMC) is a customized ready-mix concrete solution tailored to specific project requirements. It makes sure quality and efficiency on construction sites.
It is committed to sustainability and offers eco-friendly products like ECOPact for construction. They use fly ash to make their cement more environmentally friendly. ACC also has pre-cast products like blocks and panels that make building faster and more efficient. Besides, they provide specialized building solutions and consultancy services to help with project planning and making construction work smoother. This approach meets the changing needs of the construction industry and makes the company a major supporter of sustainable development.
Awards & Recognitions
ACC Limited has numerous awards and certifications. These achievements highlight its commitment to quality, sustainability, and social responsibility.
The company holds ISO certifications for quality, environmental, and safety management. It has won National Safety Awards for its exemplary safety practices, GreenCo Ratings for its environmental efforts, and CII-ITC Sustainability Awards for integrating sustainability into its business operations. ACC's initiatives in community development and environmental conservation have earned it several CSR awards.
These recognitions underscore the company's role as a leader in the construction materials industry, committed to excellence and responsible business practices.
Financial Health & Growth
This company recently reported strong financial growth, with a notable increase in sales volume of clinker and cement by 17.3% year-over-year. As of 1 April 2024, ACC Limited share price is around 2542.00 INR.
The company's revenue and EBITDA both went up significantly, showing its efficiency and focus on sustainability. These achievements reflect ACC's effort to improve operations and commitment to the environment. The share price of ACC Limited indicates the current market trends and performance of the Indian chemical sector.
The Adani Group's acquisition of ACC Limited for about USD 10.5 billion makes it India's second-largest cement manufacturer. This strategic move taps into India's robust cement market potential.
By integrating this company into Adani's infrastructure ecosystem, the goal is to boost operational efficiency and embrace sustainability in the cement industry.
Leadership & Management
ACC Limited's leadership team includes notable executives like Mr. Ajay Kapur as the CEO and Director. Other key figures such as Mr. Karan Adani and Dr. Vinay Prakash serve as Non-Executive and Non-Independent Directors. The board comprises professionals from diverse fields. Their expertise makes sure strategic guidance and adherence to best practices in transparency and compliance.
Final Words
ACC Limited significantly influences both the construction industry and the broader economy by providing essential building materials. Their dedication to sustainability shapes the way for eco-friendly infrastructure projects, which is crucial for economic growth. ACC sets a model for companies to contribute to society and the environment.