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INTRODUCTION
ACC Limited is India's foremost manufacturer of cement and concrete. 17 modern cement factories, more than 40 Ready mix concrete plants, 21 sales offices, and several zonal offices throughout the country.
It has a workforce of about 9,000 persons and a countrywide distribution network of over 9,000 dealers.
Since inception in 1936, the company has been a trendsetter and important benchmark for the
cement industry.
The company's various manufacturing units are backed by a central technology support
services centre.
ACC has rich experience in mining, being the largest user of limestone. As the largest cement producer in India, it is one of the biggest customers of the domestic coal industry, of Indian Railways.
Among the first companies in India to include commitment to environmental protection as one of its corporate objectives.
DEMOGRAPHICS
Type :Public company Traded as BSE: 500410 NSE: ACC Industry: Cement ACC- Key Fundamentals Market Cap (Rs Cr.):18,991 EPS - TTM (Rs):76.46 P/E Ratio (x):13.18 Face Value (Rs):10.00 Latest Div. (%):190.00 Div. Yield (%):N.A.
Founded: 1936
Headquarters: Mumbai, India Key people:N.S. Sekhsaria, Chairman Revenue:Rs 98522.0 million(US$1.6 bn) Net income:Rs13252.6 million (US$210 million) Employees: 10,000
ACC Listed on :
Bangalore Stock Exchange Ltd.
COMPETITORS
JK Cement Ltd. Anjani Portland Cement Ltd. Barak Valley Cements Ltd. Bheema Cements Ltd. Binani Cement Ltd. Birla Corporation Ltd. Burnpur Cement Ltd. Chettinad Cement Corporation Ltd. Andhra Cements Ltd. Deccan Cements Ltd. Prism Cement Ltd. Mahendra Cements Ltd. Mangalam Cement Ltd. Orient Cement Ltd. The Ramco Cements Ltd. Shree Cements Ltd. RCC Cements Ltd. JK Lakshmi Cement Ltd. Saurashtra Cements Ltd. UltraTech Cement Ltd.
HISTORY
In 1936 ten cement companies belonging to Tatas, Khataus, Killick Nixon and F E Dinshaw groups merged to form a single entity, The Associated Cement Companies. Sir Nowroji B Saklatvala was the first chairman of ACC. The first board of directors had some prominent industrialistsJ R D Tata,Ambalal Sarabhai, Walchand Hirachand,Dharamsey Khatau,Sir Akbar Hydari, Nawab Salar Jung Bahadur and Sir Homy Mody.
The Company was Incorporated at Mumbai. The Company manufacture cement, refractories and cement plant and other heavy machinery including structural and mild fabrications. The Company undertook revamping of the Kymore unit for production of high value refractory intermediates. ACC, is India's oldest and largest cement company, belonging to the Tata group. 6,03,200 No. of equity shares issued for consideration other than cash. From 1959 - 1999, Many Structural & Management Changes took place (Mentioned in Printout form, if needed)
Between the years 1999 and 2000, the Tata group sold all 14.45 per cent of its shareholding in ACC in three stages to subsidiary companies of Gujarat Ambuja Cements Ltd (later called Ambuja Cement Ltd), who then became the largest single shareholder in ACC. A new association was forged between ACC and the Holcim group of Switzerland in 2005.
In January 2005, Holcim announced its plans to enter into a long-term strategic alliance with the Ambuja Group by acquiring a majority stake in Ambuja Cements India Ltd. (ACIL), which at the time held 13.8 per cent of the total equity shares in ACC. Holcim simultaneously announced its bid to make an open offer to ACC shareholders, through Holdcem Cement Pvt Limited and ACIL, to acquire a majority shareholding in ACC. An open offer was made by Holdcem Cement Pvt. Limited along with Ambuja Cements India Ltd. (ACIL), following which the shareholding of ACIL increased to 34.69 per cent of the Equity share capital of ACC. Consequently, ACIL filed declarations indicating their shareholding and declaring itself as a Promoter of ACC. Holcim is the world leader in cement as well as being large suppliers of concrete, aggregates and certain construction-related services. Holcim is also a respected name in information technology and research and development. The group has its headquarters in Switzerland with worldwide operations spread across more than 70 countries. Considering the formidable global presence of Holcim and its excellent reputation, the Board of ACC welcomed this new association
SUBSIDIARIES
ACC Mineral Resources Limited
Bulk Cement Corporation (India) Limited National Limestone Company Private Limited
Lucky Minmat
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