ACC (company): Difference between revisions

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| name = ACC Limited
| name = ACC Limited
| logo = ACC Limited logo.svg
| logo = ACC Limited logo.svg
| logo_size = 250px
| logo_size = 125px
| 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
| image =
| image_caption = ACC headquarters in Mumbai
| type = [[Public Company|Public]]
| type = [[Public Company|Public]]
| traded_as = {{BSE|500410}}<br/>{{NSE|ACC}}
| traded_as = {{BSE|500410}}<br/>{{NSE|ACC}}
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| hq_location = [[Mumbai]], [[Maharashtra]], India
| hq_location = [[Mumbai]], [[Maharashtra]], 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]])|Ajay Kapur ([[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|22552|c}} (2023)<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|1083|c}} (2023)<ref name="Financials"/>
| net_income = {{decrease}} {{INRConvert|1363|c}} (2020)<ref name="Financials"/>
| net_income = {{Decrease}} {{INRConvert|885|c}} (2023)<ref name="Financials"/>
| assets = {{increase}} {{INRConvert|17135|c}} (2020)<ref name="Financials"/>
| assets = {{Decrease}} {{INRConvert|20543|c}} (2023)<ref name="Financials"/>
| equity = {{increase}} {{INRConvert|11355|c}} (2020)<ref name="Financials"/>
| equity = {{Decrease}} {{INRConvert|14138|c}} (2023)<ref name="Financials"/>
| num_employees = 6,643 (2020)<ref name="Financials"/>
| owner = [[Adani Group]] (56.69%)
| num_employees = 8,200 (2022)<ref name="Financials"/>
| parent = [[Adani Group]]
| parent = [[Adani Group]]
| website = {{url|www.acclimited.com}}
| website = {{Official URL}}
}}
}}


'''ACC Limited''' (Formerly '''The Associated Cement Companies Limited''') an Indian cement producer, headquartered in [[Mumbai]]. It is a subsidiary of the [[Ambuja Cements]] and a part of the [[Adani Group]] On 1 September 2006, the name of The Associated Cement Companies Limited was changed to ACC Limited. The company 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>
'''ACC Limited''' (Formerly '''The Associated Cement Companies Limited''') an Indian cement producer, headquartered in [[Mumbai]]. It is a subsidiary of [[Ambuja Cements]] and a part of the [[Adani Group]]. On 1 September 2006, the name of The Associated Cement Companies Limited was changed to ACC Limited. The company was 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==
In 1936, eleven cement companies belonging to [[Tata Group|Tata]], [[Khatau]], [[Killick Nixon]] and [[FE Dinshaw]] groups merged to form a single entity, The Associated Cement Companies. [[Nowroji Saklatwala|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]], [[Khatau|Dharamsey Khatau]], [[Akbar Hydari|Sir Akbar Hydari]], [[Mir Yousuf Ali Khan, Salar Jung III|Nawab Salar Jung Bahadur]] and [[Homi Mody|Sir Homy Mody]].
In 1936, eleven cement companies belonging to [[Tata Group|Tata]], [[Khatau]], Killick Nixon and [[FE Dinshaw]] groups merged to form a single entity, The Associated Cement Companies. [[Nowroji Saklatwala|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]], [[Khatau|Dharamsey Khatau]], [[Akbar Hydari|Sir Akbar Hydari]], [[Mir Yousuf Ali Khan, Salar Jung III|Nawab Salar Jung Bahadur]] and [[Homi Mody|Sir Homy Mody]].


The list of companies that were merged:<ref>{{Cite book|url=https://archive.org/details/in.ernet.dli.2015.1164|title=The Bombay Investors Year Book (1940)|last=Pry Paul|date=1940}}</ref>  
The list of companies that were merged:<ref>{{Cite book|url=https://archive.org/details/in.ernet.dli.2015.1164|title=The Bombay Investors Year Book (1940)|last=Pry Paul|date=1940}}</ref>  
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On 14 April 2022, Holcim announced that it would exit from the Indian market after 17 years of operations as part of a strategy to focus on core markets, and listed its stakes in ACC and [[Ambuja Cements]] for sale.
On 14 April 2022, Holcim announced that it would exit from the Indian market after 17 years of operations as part of a strategy to focus on core markets, and listed its stakes in ACC and [[Ambuja Cements]] for sale.


On 15 May 2022, [[Adani Group]] acquired Holcim's stake in ACC and Ambuja Cements for US$10.5 billion.<ref>{{Cite news |last=Reuters |date=2022-05-15 |title=Adani to become India's second-biggest cement maker with $10.5 billion Holcim deal |language=en |work=Reuters |url=https://www.reuters.com/business/adani-group-acquire-holcims-india-business-639-billion-2022-05-15/ |access-date=2022-05-16}}</ref>
On 15 May 2022, [[Adani Group]] acquired Holcim's stake in ACC and Ambuja Cements for US$10.5 billion.<ref>{{Cite news |date=2022-05-15 |title=Adani to become India's second-biggest cement maker with $10.5 billion Holcim deal |language=en |work=Reuters |url=https://www.reuters.com/business/adani-group-acquire-holcims-india-business-639-billion-2022-05-15/ |access-date=2022-05-16}}</ref>
 
==See also==
* [[Associated Cement Company cricket team]]


==References==
==References==
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== External links ==
== External links ==
* [https://www.acclimited.com/ ACC]
* {{Official}}


{{Holcim}}
{{Holcim}}
{{Nifty 200 companies}}
{{Nifty 200 companies}}
{{Authority control}}


[[Category:Cement companies of India]]
[[Category:Cement companies of India]]
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[[Category:Companies listed on the National Stock Exchange of India]]
[[Category:Companies listed on the National Stock Exchange of India]]
[[Category:Companies listed on the Bombay Stock Exchange]]
[[Category:Companies listed on the Bombay Stock Exchange]]
[[Category:Adani Group]]

Latest revision as of 13:23, 7 September 2023


ACC Limited
Traded asBSE: 500410
NSE: ACC
IndustryBuilding materials
Founded1 August 1936; 88 years ago (1936-08-01)
HeadquartersMumbai, Maharashtra, India
Key people
ProductsCement
RevenueIncrease ₹22,552 crore (US$2.6 billion) (2023)[2]
Decrease ₹1,083 crore (US$120 million) (2023)[2]
Decrease ₹885 crore (US$100 million) (2023)[2]
Total assetsDecrease ₹20,543 crore (US$2.4 billion) (2023)[2]
Total equityDecrease ₹14,138 crore (US$1.6 billion) (2023)[2]
OwnerAdani Group (56.69%)
Number of employees
8,200 (2022)[2]
ParentAdani Group
Website{{URL|example.com|optional display text}}

ACC Limited (Formerly The Associated Cement Companies Limited) an Indian cement producer, headquartered in Mumbai. It is a subsidiary of Ambuja Cements and a part of the Adani Group. On 1 September 2006, the name of The Associated Cement Companies Limited was changed to ACC Limited. The company was established in Mumbai, Maharashtra on 1 August 1936.[3]

History[edit]

In 1936, eleven cement companies belonging to Tata, Khatau, Killick Nixon and FE 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:[4]

  • 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 manufacturer Holcim Group in 2004. ACC operated as subsidiary of Lafarge Holcim.[5] 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]

On 14 April 2022, Holcim announced that it would exit from the Indian market after 17 years of operations as part of a strategy to focus on core markets, and listed its stakes in ACC and Ambuja Cements for sale.

On 15 May 2022, Adani Group acquired Holcim's stake in ACC and Ambuja Cements for US$10.5 billion.[7]

See also[edit]

References[edit]

  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. ↑ "ACC Ltd". Business Standard India. Retrieved 7 June 2021.
  4. ↑ Pry Paul (1940). The Bombay Investors Year Book (1940).
  5. ↑ 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.
  6. ↑ "ACC pockets Superbrand status". The Economic Times. 4 October 2004. Archived from the original on 30 June 2017. Retrieved 17 March 2012.
  7. ↑ "Adani to become India's second-biggest cement maker with $10.5 billion Holcim deal". Reuters. 15 May 2022. Retrieved 16 May 2022.

External links[edit]

  • {{URL|example.com|optional display text}}

Template:Holcim

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