ACC (company): Difference between revisions

From Bharatpedia, an open encyclopedia
>Tom.Reding
 
(→‎History: recover dead link)
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{{Use dmy dates|date=November 2020}}
{{Use dmy dates|date=November 2020}}
{{Infobox company
{{Infobox company
| name         = ACC Limited
| name = ACC Limited
| logo         = ACC Limited logo.svg
| logo = ACC Limited logo.svg
| logo_size     = 250px
| logo_size = 250px
| logo_alt     = Each letter of "ACC" is colored in red.
| logo_alt = Each letter of "ACC" is colored in red.
| logo_caption = ACC's logo
| logo_caption = ACC's logo
| type         = [[Public Company|Public]]
| type = [[Public Company|Public]]
| traded_as     = {{BSE|500410}}<br/>{{NSE|ACC}}
| traded_as = {{BSE|500410}}<br/>{{NSE|ACC}}
| founded       = {{Start date and age|df=yes|1936|08|01}}<ref>{{cite web|url=http://www.acclimited.com/newsite/corprofile.asp |title=ACC Limited |publisher=ACC Limited |access-date=2010-08-12| archive-url= https://web.archive.org/web/20100725204059/http://www.acclimited.com/newsite/corprofile.asp| archive-date= 25 July 2010 | url-status= live}}</ref>
| founded = {{Start date and age|df=yes|1936|08|01}}
| hq_location   = [[Mumbai]],<ref>{{cite web|url=http://www.automation.siemens.com/wcmsnewscenter/details.aspx?xml=/content/10001666/en/gc/Pages/B1-0901-S14-ACC-Limited-India-cement-LEED.xml&xsl=publication-en-www4.xsl|title=ACC Limited (Mumbai, India)}}</ref> [[India]]
| hq_location = [[Mumbai]], [[India]]
| num_locations =  
| num_locations =  
| key_people   = {{unbulleted list|[[Narotam Sekhsaria|N. S. Sekhsaria]] ([[Chairman]])|Neeraj Akhoury ([[Managing Director|MD]] & [[Chief Executive Officer|CEO]])<ref>{{cite web |title=Neeraj Akhoury assumes charge as ACC's MD & CEO |url=http://www.forbesindia.com/article/special/neeraj-akhoury-assumes-charge-as-accs-md-ceo/45793/1 |website=[[Forbes India]] |access-date=7 September 2018}}</ref>}}
| key_people = {{unbulleted list|[[Narotam Sekhsaria|N. S. Sekhsaria]] ([[Chairman]])|Neeraj Akhoury ([[Managing Director|MD]] & [[Chief Executive Officer|CEO]])<ref>{{cite web |title=Neeraj Akhoury assumes charge as ACC's MD & CEO |url=http://www.forbesindia.com/article/special/neeraj-akhoury-assumes-charge-as-accs-md-ceo/45793/1 |website=[[Forbes India]] |access-date=7 September 2018}}</ref>}}
| industry = [[Building material]]s  
| industry = [[Building material]]s
| products = [[Cement]]  
| products = [[Cement]]
| revenue = {{increase}} {{INRConvert|15975|c}} (2020)<ref name="Financials">{{cite web|url=https://www.moneycontrol.com/india/stockpricequote/cementmajor/acc/ACC06|title=ACC Ltd. Financial Statements |website=moneycontrol.com}}</ref>
| revenue = {{increase}} {{INRConvert|15975|c}} (2020)<ref name="Financials">{{cite web|url=https://www.moneycontrol.com/india/stockpricequote/cementmajor/acc/ACC06|title=ACC Ltd. Financial Statements |website=moneycontrol.com}}</ref>
| operating_income = {{decrease}} {{INRConvert|2124|c}} (2020)<ref name="Financials"/>
| operating_income = {{decrease}} {{INRConvert|2124|c}} (2020)<ref name="Financials"/>
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| assets = {{increase}} {{INRConvert|17135|c}} (2020)<ref name="Financials"/>
| assets = {{increase}} {{INRConvert|17135|c}} (2020)<ref name="Financials"/>
| equity = {{increase}} {{INRConvert|11355|c}} (2020)<ref name="Financials"/>
| equity = {{increase}} {{INRConvert|11355|c}} (2020)<ref name="Financials"/>
| num_employees = 6,643 (2020)<ref name="Financials"/>  
| num_employees = 6,643 (2020)<ref name="Financials"/>
| website       = {{url|www.acclimited.com}}
| website = {{url|www.acclimited.com}}
}}
}}


'''ACC Limited''' (Formerly '''The Associated Cement Companies Limited''') is one of the largest producers of cement in India. It is a subsidiary of [[LafargeHolcim]].<ref name="Naidu">{{Cite news|url=https://economictimes.indiatimes.com/industry/indl-goods/svs/cement/lafargeholcim-lays-ground-for-merger-of-acc-ambuja-gets-closer-to-rival-ultratech/articleshow/58541813.cms|title=LafargeHolcim lays ground for merger of ACC and Ambuja, gets closer to rival UltraTech|last=Naidu|first=Rajesh|date=2017-05-10|work=The Economic Times|access-date=2018-09-07|last2=Vyas|first2=Jwalit}}</ref> On 1 September 2006, the name of The Associated Cement Companies Limited was changed to ACC Limited. Acc Limited had been established in Mumbai, Maharashtra on 1 August 1936.
'''ACC Limited''' (Formerly '''The Associated Cement Companies Limited''') is one of the largest producers of cement in India. It is a subsidiary of [[LafargeHolcim]].<ref name="Naidu">{{Cite news|url=https://economictimes.indiatimes.com/industry/indl-goods/svs/cement/lafargeholcim-lays-ground-for-merger-of-acc-ambuja-gets-closer-to-rival-ultratech/articleshow/58541813.cms|title=LafargeHolcim lays ground for merger of ACC and Ambuja, gets closer to rival UltraTech|last=Naidu|first=Rajesh|date=2017-05-10|work=The Economic Times|access-date=2018-09-07|last2=Vyas|first2=Jwalit}}</ref> On 1 September 2006, the name of The Associated Cement Companies Limited was changed to ACC Limited. Acc Limited had been established in Mumbai, Maharashtra on 1 August 1936.<ref>{{Cite news|title=ACC Ltd.|work=[[Business Standard India]]|url=https://www.business-standard.com/company/acc-6/information/company-history|access-date=2021-06-07}}</ref>


==History==
==History==
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[[File:Gagal Cement Works - ACC Limited - Barmana - Bilaspur 2014-05-09 2137.JPG|thumb|264px|The Gagal Cement Works of ACC Limited at Barmana, Himachal Pradesh.]]
[[File:Gagal Cement Works - ACC Limited - Barmana - Bilaspur 2014-05-09 2137.JPG|thumb|264px|The Gagal Cement Works of ACC Limited at Barmana, Himachal Pradesh.]]


The management control of company was taken over by Swiss cement major [[Holcim]] (now [[LafargeHolcim]]) in 2004. ACC operated as subsidiary of Lafarge Holcim.<ref name="Naidu"/> On 1 September 2006, the name of The Associated Cement Companies Limited was changed to ACC Limited. The company is the only cement company to get Superbrand status in India.<ref name="accsuperbrand">{{cite news|url=http://economictimes.indiatimes.com/acc-pockets-superbrand-status/articleshow/872860.cms|title=ACC pockets Superbrand status|date=4 October 2004|work=[[The Economic Times]]|access-date=17 March 2012}}</ref>
The management control of company was taken over by Swiss cement major [[Holcim]] (now [[LafargeHolcim]]) in 2004. ACC operated as subsidiary of Lafarge Holcim.<ref name="Naidu"/> On 1 September 2006, the name of The Associated Cement Companies Limited was changed to ACC Limited. The company is the only cement company to get Superbrand status in India.<ref name="accsuperbrand">{{cite news|url=http://economictimes.indiatimes.com/acc-pockets-superbrand-status/articleshow/872860.cms|title=ACC pockets Superbrand status|date=4 October 2004|work=[[The Economic Times]]|access-date=17 March 2012 |archive-url=https://web.archive.org/web/20170630173728/http://economictimes.indiatimes.com/acc-pockets-superbrand-status/articleshow/872860.CMS |archive-date=30 June 2017}}</ref>


==References==
==References==
{{Reflist}}
{{Reflist}}


== External links ==
* [https://www.acclimited.com/ ACC]
{{Nifty 200 companies}}
{{Nifty 200 companies}}
{{Authority control}}
{{Authority control}}

Revision as of 19:30, 7 June 2021


ACC Limited
Traded asBSE: 500410
NSE: ACC
IndustryBuilding materials
Founded1 August 1936; 88 years ago (1936-08-01)
HeadquartersMumbai, India
Key people
ProductsCement
RevenueIncrease ₹15,975 crore (US$1.8 billion) (2020)[2]
Decrease ₹2,124 crore (US$240 million) (2020)[2]
Decrease ₹1,363 crore (US$160 million) (2020)[2]
Total assetsIncrease ₹17,135 crore (US$2.0 billion) (2020)[2]
Total equityIncrease ₹11,355 crore (US$1.3 billion) (2020)[2]
Number of employees
6,643 (2020)[2]
Websitewww.acclimited.com

ACC Limited (Formerly The Associated Cement Companies Limited) is one of the largest producers of cement in India. It is a subsidiary of LafargeHolcim.[3] On 1 September 2006, the name of The Associated Cement Companies Limited was changed to ACC Limited. Acc Limited had been established in Mumbai, Maharashtra on 1 August 1936.[4]

History

In 1936, eleven 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 industrialists—J R D Tata, Ambalal Sarabhai, Walchand Hirachand, Dharamsey Khatau, Sir Akbar Hydari, Nawab Salar Jung Bahadur and Sir Homy Mody.

The list of companies that were merged:[5] The Indian Cement Co. Ltd., The Katni Cement and Industrial Co. Ltd., Budhi Portland Cement Ltd, The Okha Cement Co. Ltd. The Gwalior Cement Company Ltd., The Punjab Portland Cement, The United Cement Co. Ltd., The Shahabad Cement Co. Ltd., The Coimbatore Cement, The Dewarkhand Cement Co. Ltd., The C. P. Cement Co. Ltd.

The Gagal Cement Works of ACC Limited at Barmana, Himachal Pradesh.

The management control of company was taken over by Swiss cement major Holcim (now LafargeHolcim) in 2004. ACC operated as subsidiary of Lafarge Holcim.[3] On 1 September 2006, the name of The Associated Cement Companies Limited was changed to ACC Limited. The company is the only cement company to get Superbrand status in India.[6]

References

  1. ↑ "Neeraj Akhoury assumes charge as ACC's MD & CEO". Forbes India. Retrieved 7 September 2018.
  2. ↑ 2.0 2.1 2.2 2.3 2.4 2.5 "ACC Ltd. Financial Statements". moneycontrol.com.
  3. ↑ 3.0 3.1 Naidu, Rajesh; Vyas, Jwalit (10 May 2017). "LafargeHolcim lays ground for merger of ACC and Ambuja, gets closer to rival UltraTech". The Economic Times. Retrieved 7 September 2018.
  4. ↑ "ACC Ltd". Business Standard India. Retrieved 7 June 2021.
  5. ↑ Pry Paul (1940). The Bombay Investors Year Book (1940).
  6. ↑ "ACC pockets Superbrand status". The Economic Times. 4 October 2004. Archived from the original on 30 June 2017. Retrieved 17 March 2012.

External links

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