ACC Limited is India ‘s first cement maker with a nationwide web of mills and selling offices. Established in 1936, ACC has been a innovator and taste-maker in cement and concrete engineering. Among the first companies in India to include committedness to environment protection as a corporate aim, ACC has won awards for environment friendly measures taken at its workss and mines, and has besides been felicitated for its Acts of the Apostless of good corporate citizenship.
ACC ‘s trade name name is synonymous with cement and enjoys a high degree of equity in the Indian market. Our scope of cements and blended cements is marketed through a web of 19 Gross saless Unit of measurements, 54 Area Offices, and 194 warehouses. This is backed by a nationwide web of over 9,000 trader who, in bend, are assisted by their sub-dealers.
ACC ‘s selling, gross revenues and distribution procedures are industry criterions. Although they take huge pride in holding supplied some of India ‘s most admired undertakings, ACC is basically a people ‘s trade name of cement with more than 80 % of gross revenues made through an extended trader web that covers every province in India. Its client base represents the multitudes of India- single home-builders in little towns, rural and semi-urban India. ACC Cement enjoys an image of guaranting consistence and of high quality backed by in-house research and expertness.
Complementing this is a alone client services cell consisting qualified civil applied scientists, who assist and advise clients with anterior and post gross revenues service. This service begins with choice of type and class of cement ( where applicable ) to trouble-shooting and on-site aid.
ACC manufactures the assorted sorts of Portland Cement for general building and particular applications. In add-on to this, ACC offers two value added merchandises viz. , Bulk Cement and Ready Mix Concrete.
Incorporation of The Associated Cement Companies Limited on August 1, 1936.
First Board Meeting of The Associated Cement Companies Limited held at Esplanade House, Mumbai on November 10, 1936.
With the transportation of the tenth company to ACC, viz. Dewarkhand Cement Company, the formation of ACC is complete on October 23, 1937.
ACC ‘s first community development venture near Bombay
India ‘s first wholly autochthonal cement works established at Chaibasa in Bihar
Village Welfare Scheme launched
Sindri cement plants used the waste merchandise Ca carbonate sludge from fertiliser mill at Sindri.
Bulk Cement Depot established at Okhla, Delhi
Technical preparation institute established at Kymore, Madhya Pradesh.
Katni Furnace linings
Blast furnace scoria from TISCO used at the Chaibasa Unit to fabricate Portland Slag Cement for the first clip in India.
Industry of Accocid Cement, which resists the caustic action of acids and chemicals.
Oilwell Cement manufactured at ACC Shahabad Cement Works in Karnataka for cementation of oilwells upto a deepness of 6,000 pess.
Industry of Hydrophobic ( waterproof ) cement at ACC Khalari Cement Works in Bihar.
Industry of Accoproof, a waterproofing additive.
ACC ‘s Central Research Station ( CRS ) established at Thane
Industry of Portland Pozzolana Cement.
Industry of Calundum, a High Alumina Binder ; Firecrete, Low Density Alumina Castables and High Alumina Refractory Cement.
Advent of computing machines in ACC for informations processing and planing direction information and control systems.
ACC supplied and commissioned one-million-tonne Fe ore pelletising works ordered by TISCO
Industry of Whytheat Castables A, K, C and Cal-Al-75
Take-over of The Cement Marketing Company of India ( CMI )
ACC receives ASSOCHAM first national award for the twelvemonth 1976 instituted for outstanding public presentation in advancing rural and agricultural development activities.
Introduction of the energy efficient precalcinator engineering for the first clip in India. Full scale commercial production based on MFC engineering at Wadi in 1979.
ACC wins international contract for operation and direction of a new one million metric ton cement works at Yanbu-Ras Biridi in Saudi Arabia.
Commission of the first 1 MTPA works in the state at Wadi, Karnataka.
ACC achieves a discovery in import permutation by developing and providing a particular G type of oil well cement to ONGC.
ACC develops a new binder for usage at sub-zero temperatures, which is successfully used in the Indian expedition to Antarctica.
Incorporation of Bulk Cement Corporation of India, a joint venture with the Government of India.
ACC starts the commercial industry of Ready Mixed Concrete at Mumbai.
ACC selected as Most Respected Company in India by Business India.
Commission of the 0.6 MTPA cement crunching unit at Tikaria, Uttar Pradesh.
Commission of confined power workss at the Jamul and Kymore workss in Madhya Pradesh.
Tata group sells 7.2 % of its interest in ACC to Ambuja Cement Holdings Ltd, a subordinate of Gujarat Ambuja Cements Ltd. ( GACL )
Tata Group sells their staying interest in ACC to the GACL group, who with 14.45 % now emerge as the individual largest stockholder of ACC.
Commission of the new works of 2.6 MTPA capacity at Wadi, Karnataka works, the largest in the state, and among the largest sized kilns in the universe.
ACC wins PHDCCI Good Corporate Citizen Award
IDCOL Cement Ltd becomes a subordinate of ACC
IDCOL Cement Limited is renamed as Bargarh Cement Limited ( BCL ) .
ACC raises US $ 100 million abroad through Foreign Currency Convertible Bonds ( FCCB ‘s ) for US $ 60 million and Global Depository Shares ( GDS ‘s ) for US $ 40 million. Both offerings are listed on the London Stock Exchange.
ACC named as a Consumer Superbrand by the Superbrands Council of India, going the lone cement company to acquire this position.
GreenTech Safety Gold and Silver Awards awarded to Madukkarai Cement Works and Katni Refractory Works by Greentech Foundation for outstanding public presentation in Safety Management System.
ACC receives the CFBP Jamnalal Bajaj Uchit Vyavahar Puraskar Certificate of Merit – 2004 from Council For Fair Business Practices.
Holcim group of Switzerland enters strategic confederation with Ambuja Group by geting a bulk interest in Ambuja Cements India Ltd. ( ACIL ) which at the clip held 13.8 % of the entire equity portions in ACC. Holcim at the same time makes an unfastened offer to ACC stockholders, through Holdcem Cement Pvt. Limited and ACIL, to get a bulk shareholding in ACC. Pursuant to the unfastened offer, ACIL ‘s shareholding in ACC additions to 34.69 % of the Equity portion capital of ACC.
Commission of Modernisation and Expansion undertaking at Chaibasa in Jharkhand, replacing old wet procedure engineering with a new 1.2 MTPA clinkering unit, together with a confined power works of 15 MW.
Financial accounting twelvemonth of the company changed to calendar twelvemonth January-December
Auxiliary companies Damodhar Cement & A ; Slag Limited, Bargarh Cement Limited and Tarmac ( India ) Limited merged with ACC
ACC announces new Workplace policy for HIV/AIDS
Change of name to ACC Limited with consequence from September 1, 2006 from The Associated Cement Companies Limited.
ACC receives Good Corporate Citizen Award 2005-06 from Bombay Chamber of Commerce and Industry
New corporate trade name individuality and logo adopted from October 15, 2006
ACC establishes Anti Retroviral Treatment Centre for HIV/AIDS patients at Wadi in Karnataka- the first of all time such undertaking by a private sector company in India.
ACC spouses with Christian Medical College for intervention of HIV/AIDS in Tamil Nadu
Sumant Moolgaokar Technical Institute completes 50 old ages and reopens with new course of study
Ready assorted concrete concern hived off to a new subordinate called ACC Concrete Limited.
ACC Cement Technology Institute officially inaugurated at Jamul on July 7.
First Sustainable Development Report released on June 5.
ACC wins CNBC-TV18 India Business Leader Award in the class India Corporate Citizen of the twelvemonth 2008
Undertaking Orchid launched to transform our Corporate Office, Cement House into a green edifice.
ACC received the Jamanalal Bajaj “ Uchit Vyavahar Puraskar ” of Council for Fair Business Practices
ACC is allotted coal blocks in Madhya Pradesh and West Bengal.
ACC ‘s new Grinding works of capacity 1.60 million metric tons inaugurated at Thondebhavi in Karnataka.
Kudithini Cement Grinding Plant inaugurated in Karnataka on January 4, 2010 with a capacity of 1.1 MTPA of Portland Slag Cement.
ACC acquires 100 per centum of the fiscal equity of Encore Cements & A ; Additives Private Limited which is a scoria grinding works in Vishakhapatnam in coastal Andhra Pradesh. This company became a wholly-owned subordinate of ACC in January 2010.
Gross saless Volume and Growth:
Net Gross saless, Operating EBITDA & A ; Operating EBITDA Margin:
Net incomes Before Tax and Profits After Tax:
Net worth and Return on Net Worth
Highlights of Performance/Events ( 2009 )
Entire Consolidated Income for the twelvemonth 2009 was Rs. 8275 crore, an addition of 9 % as compared to Rs.7974 crore in 2008.
Amalgamate Net income before exceeding points and revenue enhancement for the twelvemonth 2009 was Rs. 2251 Crore against Rs. 1582 crore in the twelvemonth 2008.
Amalgamate Net income after Tax for the twelvemonth 2009 was Rs. 1564 crore as against Rs. 1100 crore in 2008, an addition of 42 % .
The enlargement undertaking of the Bargarh Plant was well completed during the twelvemonth. The Satellite crunching units which were set up as a portion of Wadi enlargement programme at Thondebhavi in Chikballapur territory and Kudithini in Bellary territory in Karnataka were besides partially commissioned during the last one-fourth of 2009.
There were significant advancement during the twelvemonth under reappraisal in the Company ‘s ongoing undertakings at Wadi and Chanda, which are slated for completion in the first half of 2010.
Work was started on a undertaking to put up a 2.5 MW air current energy farm in Maharashtra.
Capital Market and Fund Raising:
ACC Limited which is a portion of the Cement and Cement Products sector has a weightage of 0.64 % in the Nifty50 as per the National Stock Exchange.
All in Crores INR
Sale of merchandises and services ( cyberspace of excise responsibility ) and other income
Net income after exceeding points and before revenue enhancement
Provision for revenue enhancement
( 686.79 )
( 525.17 )
( 687.66 )
( 523.81 )
Net income after revenue enhancement
Balance brought frontward from last twelvemonth
Net income available for appropriations
Dividend Distribution Tax
Unsecured bond Redemption Reserve
Previous Year Dividend
Balance Carried forward to the following twelvemonth ‘s history
In August 2009, the Company had paid an interim dividend or Rs. 10 Crore per equity portion, affecting an spending ( Including the dividend distribution revenue enhancement ) of Rs.219.60 crore. The managers are now pleased to urge a concluding dividend of Rs. 13 per equity portion of Rs.10 each. The entire dividend for the twelvemonth 2009 would consequently be Rs.23 per equity portion as against Rs.20 per equity portion for the twelvemonth ended December 31, 2008.
The entire dividend spending for the current financial would amount to Rs. 505.14 crore, including dividend distribution revenue enhancement of Rs. 73.38 crore, as against Rs. 439.12 crore, including dividend revenue enhancement of Rs.63.79 in the old twelvemonth.
Economic scenario and Outlook
After the planetary fiscal lag witnessed in 2008, climaxing in the expensive bailout for Bankss and insurance companies notably in USA, there has been a perceptible betterment in the mentality for the planetary economic system. The enlargement of end product in emerging market economic systems, peculiarly Asia, was the chief driver of this development. Trade is retrieving and fiscal market conditions are bettering. Notwithstanding the assurance exuded by the fiscal sector, there are concerns that the recovery may as yet be delicate, as the economic systems of developed states, peculiarly USA, continues to dawdle with high unemployment, low consumer disbursement and down lodging markets.
The Indian economic system fared better than most developed economic systems, although its growing was a spot hushed. The public presentation of the industrial sector has markedly improved. Funding restraints eased with ample liquidness and a benign involvement government prevailed during a major portion of the twelvemonth. Capital influxs revived as India became a preferable finish for both portfolio and direct investing. The state is now exhibiting marks of revival despite contraction in exports and a subnormal monsoon in 2009. Government expects the GDP growing to be about 7 % in the fiscal twelvemonth 2009-2010 which is an betterment over the prognosis of 6-6.5 % growing made in the beginning of the financial twelvemonth.
However, there are still countries that cause concern. Agricultural end product may worsen as a consequence of the weak monsoon and inflationary force per unit areas, peculiarly of nutrient monetary values, could halter growing chances in 2010. Bank recognition growing continues to be sulky. Government financial shortage is expected to make record degrees. However, the overall economic mentality is by and large favourable, though assorted, with some concern of an intensifying inflationary force per unit area.
With a position to heighten its limestone militias in Rajasthan, ACC Limited acquired a 100 % equity interest in National Limestone Company private limited ( NLCPL ) doing it a entirely owned subordinate of the Company. NLCPL has limestone rentals and militias in Sikar territory in Rajasthan.
The Company besides acquired 100 % equity interest in Encore Cements and Additives Private limited ( ECAPL ) . Consequently, ECAPL has become a entirely owned subordinate of ACC limited with consequence from Jan 28th, 2010. ECAPL has a scoria crunching unit in Vishakapatinam which will assist ACC beef up its market presence in Coastal Andhra Pradesh.
ACC limited besides entered into an understanding with the boosters of Asian concrete & A ; Cement private limited. Asiatic Cement to get a 45 % equity portion in that company. This dealing was completed in the first one-fourth of 2010. Asiatic Cement has a 0.3 million metric ton cement crunching works in the Solan territory of Himachal Pradesh and is in the procedure of puting up an extra 1 million metric ton crunching installation adjacent to the bing works.
The Company retained its “ AAA ” evaluation by CRISIL for its long term non exchangeable unsecured bond and bank loan for working capital. In October 2009, the company borrowed Rs. 300 crore through non exchangeable unsecured bonds holding a five-year adulthood at an all inclusive cost of 8.45 % per annum.
As on 31st December 2009, the company ‘s debit equity ratio stood at a comfy degree of 0.9:1
During the twelvemonth, ACC limited allotted 58,473 equity portions of the face value of Rs.10 each, consequent to the exercise of Stock options by its employees. EBITDA losingss of this concern were well reduced by 65 % from Rs.74 crore to Rs. 26 crore, through systematic direction of operating expense costs and productiveness.
ACC concrete limited is good placed to turn and add value to the group, traveling frontward as the market regains momentum as a consequence of Government ‘s substructure programme and renewed assurance in the existent estate sector.
ACC Share Price vis a vis BSE Sensex January – December 2009
BSE Sensex Close
ACC Share Price ( on BSE ) In R.
No. of portions traded during the month ( on BSE )
Employee turnover ( Rs.crore ) on BSE
ACC Share Price on NSE vis a vis S & A ; P CNX Nifty January – December 2009
S & A ; P CNX Nifty Close
ACC Share Price ( on BSE ) In R.
No. of portions traded during the month ( on BSE )
Employee turnover ( Rs.crore ) on BSE
Share transportation system
The portion transportations in physical signifier are soon processed and the portion certifications
are by and large returned within a period of 15 yearss from the day of the month of reception.
Nomination installation for shareholding
As per the commissariats of the Companies Act, 1956, installation for doing nomination is
available for stockholders in regard of portions held by them. Those stockholders who
hold portions in physical signifier may obtain nomination signifiers from the Share Department
of the Company.
Payment of dividend through Electronic Clearing Service
The Securities and Exchange Board of India ( SEBI ) has made it compulsory for all
companies to utilize the bank history inside informations furnished by the depositaries for lodging
dividends. As per the recent RBI guidelines, effectual from September 30, 2009, ECS
recognition will be moved wholly on National Electronic Clearance System ( NECS )
platform through nucleus banking system. Consequently, dividend will be credited to the
stockholders ‘ bank history through NECS where complete nucleus banking inside informations are
available with the Company. In the event any subdivision of a bank has non migrated to
nucleus banking system, or where the nucleus banking history figure is non furnished by
the stockholder to the Depository/Company as the instance may be, the Company will
print the inside informations available in its records on the dividend warrants to be issued to the
stockholders. The Company is following with SEBI ‘s directive in this respect.
The Company is required to reassign dividends which have remained unpaid /unclaimed
for a period of seven old ages to the Investor Education & A ; Protection Fund established by
the Government. The Company will consequently be required to reassign in August
2010, the dividend for the twelvemonth ended March 31, 2003 which have remained unclaimed
As in the yesteryear, the Company will direct hint to stockholders whose dividend
warrants have non been encashed. Stockholders are requested to return to the Company
if they have non received / encashed their dividend warrants.
Subdivision of portions
The Company had subdivided the face value of its portions from Rs. 100 each to Rs. 10
each in 1999. The old portions holding face value of Rs. 100 are no longer tradable in the
Stock Exchanges. Despite reminders, many stockholders are yet to interchange their old
portion certifications of face value Rs. 100 with the new portion certifications holding face
value of Rs. 10. Stockholders keeping portion certifications of the face value of Rs. 100
each are requested to direct the certifications to the portion section of the Company
Pending Investors ‘ Grudges
Any stockholder, whose grudge has non been resolved satisfactorily, may kindly
write to the Company Secretary at the Registered Office with a transcript of the earlier
Dematerialisation of portions and Liquidity
Equity Shares of the Company dematerialized as on December 31, 2009 is 94.13 %
The Company has entered into understandings with both National Securities Depository
Limited ( NSDL ) and Central Depository Services ( India ) Limited ( CDSL ) whereby stockholders have an option to dematerialise their portions with either of the depositaries.
Global Depository Receipts ( GDRs ) or any Convertible instruments, Conversion Dates and likely impact on Equity
64, 62,000 Global Depository Receipts ( GDRs ) were issued in March / April 2004 at a
portion monetary value of U.S. $ 6.19 ( tantamount to Rs. 280.05 ) per GDR at approximately 1 % premium on
shutting portion monetary value of Rs. 277.35 on March 8, 2004 on the Bombay Stock Exchange
Limited ( BSE ) stand foring 64, 62,000 Equity Shares. The Company has terminated the
Depository Agreement with consequence from October 15, 2008 and the GDRs have been
delisted from the London Stock Exchange. The GDR holders were given clip to
give up their GDR ‘s in exchange for Equity Shares up to April 15, 2009. Citibank
who were the depositary for the GDRs have late sold the implicit in portions and the GDR ‘s base extinguished.
The Company has made high net incomes and holds high per centum of portion in the market.
Awards & A ; Awards:
ACC was the first receiver of ASSOCHAM ‘s first of all time National Award for outstanding public presentation in advancing rural and agricultural development activities in 1976. Decades subsequently, PHD Chamber of Commerce and Industry selected ACC as victor of its Good Corporate Citizen Award for the twelvemonth 2002. Over the old ages, there have been many awards and congratulations for accomplishments in Rural and community development, Safety, Health, Tree plantation, afforestation, clean excavation, Environment consciousness and protection.
Awards received in 2010
9th Annual Greentech Safety Platinum Award to ACC Tikaria, Gold Award to ACC Jamul and Sindri ; Silver Award 2010 to ACC Lakheri, Madukkarai and Wadi Expansion Project
Institute of Cost and Works Accountants of India ( ICWAI ) Good Performance Award by Institute of Cost and Works Accountants of India
Institute of Chartered Accountants of India ( ICAI ) award for Excellence in Financial Reporting for Annual Report 2008
Fiscal Express-Emergent Ventures India ( EVI ) Green Business Leadership award
9th Greentech Safety Gold Award in cement sector to ACC Jamul
Awards received in 2009
Indian Merchants ‘ Chamber Ramkrishna Bajaj National Quality Trophy – 2009 to ACC Gagal
Indian Merchants ‘ Chamber Ramkrishna Bajaj National Quality Commendation Certificate 2009 to ACC Sindri
8th Greentech Safety Award 2009 in Gold class in cement sector to ACC Tikaria
8th Greentech Safety Gold Award in cement sector Jamul
10th Greentech Environment Excellence award – Gold class – cement sector to Tikaria
Srishthi Good Green Governance Award by Srishthi Publications, Delhi to ACC Madukkarai
International Safety Award 2008 by British Safety Council to ACC Gagal Sindri and Tikaria
State Safety Award for 2007 from Government of Orissa to ACC Bargarh
Federation of Indian Mineral Industries ( FIMI ) National Environment Award to ACC Wadi Limestone Mines
Safety Innovation Award by Institution of Engineers to ACC Wadi ( Expansion Project )
Energy Conservation Award by Rajasthan Renewable Energy Corporation to Lakheri
National Award for Excellence in Water Management from Confederation of Indian Industry ( CII ) to ACC Wadi
Other outstanding awards won by us over the old ages comprise some desired 1s conferred by administrations of reputation.
Indira Priyadarshini Vrikshamitra Award — – by The Ministry of Environment and Forests for “ extraordinary work ” carried out in the country of afforestation.
FICCI Award — – for advanced steps for control of pollution, waste direction & A ; preservation of mineral resources in mines and works.
Subh Karan Sarawagi Environment Award – by The Federation of Indian Mineral Industries for environment protection steps.
Drona Trophy – By Indian Bureau Of Mines for excess ordinary attempts in protection of Environment and mineral preservation in the big mechanised mines sector.
Indira Gandhi Memorial National Award – for first-class public presentation in bar of pollution and ecological development
Excellence in Management of Health, Safety and Environment: Certificate of Merit by Indian Chemical Manufacturers Association
Good Corporate Citizen Award – by PHD Chamber of Commerce and Industry
FIMI National Award – for valuable part in Mining activities from the Federation of Indian Mineral Industry under the Ministry of Coal.
Rajya Sthariya Paryavaran Puraskar – for outstanding work in Environmental Protection and Environment Performance by the Madhya Pradesh Pollution. Control Board.
National Award for Fly Ash Utilisation – by Ministry of Power, Ministry of Environment & A ; Forests and Dept of Science & A ; Technology, Govt of India – for industry of Portland Pozzolana Cement.
ACC in the intelligence
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Fiscal Results for the twelvemonth 2009:
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