.svg)
0
edits
ACC (company): Difference between revisions
Updated
No edit summary |
RodolfoTorpy (talk | contribs) (Updated) |
||
| Line 5: | Line 5: | ||
| name = ACC Limited | | name = ACC Limited | ||
| logo = ACC Limited logo.svg | | logo = ACC Limited logo.svg | ||
| logo_size = | | logo_size = 125px | ||
| logo_alt = Each letter of "ACC" is colored in red. | | logo_alt = Each letter of "ACC" is colored in red. | ||
| | | 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}} | ||
| Line 13: | Line 14: | ||
| hq_location = [[Mumbai]], [[Maharashtra]], India | | hq_location = [[Mumbai]], [[Maharashtra]], India | ||
| num_locations = | | num_locations = | ||
| key_people = {{unbulleted list|[[Narotam Sekhsaria|N. S. Sekhsaria]] ([[Chairman]])| | | 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| | | 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 = {{ | | operating_income = {{Decrease}} {{INRConvert|1083|c}} (2023)<ref name="Financials"/> | ||
| net_income = {{ | | net_income = {{Decrease}} {{INRConvert|885|c}} (2023)<ref name="Financials"/> | ||
| assets = {{ | | assets = {{Decrease}} {{INRConvert|20543|c}} (2023)<ref name="Financials"/> | ||
| equity = {{ | | equity = {{Decrease}} {{INRConvert|14138|c}} (2023)<ref name="Financials"/> | ||
| num_employees = | | owner = [[Adani Group]] (56.69%) | ||
| num_employees = 8,200 (2022)<ref name="Financials"/> | |||
| parent = [[Adani Group]] | | parent = [[Adani Group]] | ||
| website = {{ | | website = {{Official URL}} | ||
}} | }} | ||
'''ACC Limited''' (Formerly '''The Associated Cement Companies Limited''') an Indian cement producer, headquartered in [[Mumbai]]. It is a subsidiary of | '''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]], | 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> | ||
| Line 50: | Line 52: | ||
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 | 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== | ||
| Line 56: | Line 61: | ||
== External links == | == External links == | ||
* | * {{Official}} | ||
{{Holcim}} | {{Holcim}} | ||
{{Nifty 200 companies}} | {{Nifty 200 companies}} | ||
[[Category:Cement companies of India]] | [[Category:Cement companies of India]] | ||
| Line 69: | Line 73: | ||
[[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]] | |||