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History of ACC Limited

Incorporated in 1936 as Associated Cement Companies Limited, ACC Limited manufactures different types of cement, such as Ordinary Portland Cement (OPC), Portland Slag Cement (PSC), Portland Pozzolana Cement (PPC), and Composite Cement and Ready Mix Concrete (RMX). In 1982, the company commissioned its first 1 MTPA plant in Wadi, Karnataka. The company launched its IPO in 1996 and is listed on the NSE and BSE. 

The company was established by 4 different companies: Tata, Khataus, Killick Nixon, and F E Dinshaw. From 1999 to 2000, the Tata Group sold their complete stake in ACC Limited to Ambuja Cement Holdings Ltd, a subsidiary of Gujarat Ambuja Cements Ltd (GACL). In 2005, the Holcim Group of Switzerland entered a strategic alliance with the Ambuja Group, and simultaneously, Ambuja Cements India Ltd’s (ACIL) stake in ACC Limited was increased. In 2022, Adani Group acquired Holcim’s stake of 54.5% in ACC Limited. 

As of March 2023, they have 16 cement plants, more than 85 RMX plants and 26 offices in India. Their cement and RMX plants are in various regions, including Chhattisgarh, Jharkhand, Karnataka, Himachal Pradesh, Tamil Nadu, West Bengal, etc. The company has 36.05 MTPA Installed cement manufacturing capacity and 56,943 channel partners. ACC Limited offers its products in 28 states in India. 

Business Segments of ACC Limited

The company offers a wide range of products, as follows:

• Gold and Silver Range: The gold and silver range products are used for general construction, specialised applications, etc. The product range includes ACC Gold Water Shield Cement, ACC F2R Superfast, ACC Suraksha Power+, ACC Suraksha Power, and much more.

• Bulk Cement: As the name suggests, the company offers cement in loose form rather than packing it. It is suitable for large cement consumers. 

• Solutions & Products: This segment offers dry mortar and chemical products/solutions for high-quality construction. They provide construction chemicals,  tile adhesives, dry mortars, ready-mix plasters, waterproofing solutions, and specialised concrete mixtures for the RMX business. It is for both individual and institutional buyers. 

• Ready Mixed Concrete: Under this segment, the company offers ready-mixed concrete to their customers. 
• Ready Mixed Concrete Value-Added Products: The company offers various value-added solutions for different stages of construction requirements. The products include ACC ECOMaxX, ACC PERFOMaxX, ACC AEROMaxX, etc. 

As of March 31, 2023, there are 4 subsidiaries under ACC Limited, including:

• Bulk Cement Corporation (India) Limited (BCCI): This is a bulk cement distribution facility where ACC Limited holds a 94.65% stake. 
• ACC Mineral Resources Limited: This is a wholly-owned subsidiary of the company, which was set up to explore and provide key mineral resources of gypsum and coal. 
• Lucky Minmat Limited: This is a wholly-owned subsidiary of the company involved in limestone supply. 

Key Personalities of ACC Limited

Ajay Kapur, Whole Time Director and Chief Executive Officer (CEO)

Ajay Kapur, the Whole Time Director and CEO of ACC Limited, has more than 30 years of experience in the construction, cement, heavy metals and power industries. In 1993, he joined Ambuja Cements and has worked in various strategic roles. In 2022, he joined the Adani Group as the CEO of Special Projects at Adani Ports and Special Economic Zone Ltd. 

Corporate Actions of ACC Limited

There are no records of stock splits or bonus shares from ACC Limited.

SWOT Analysis of ACC Limited

Strengths

• Has 16 cement plants in India, which is more than Ambuja Cements and Ultratech Cements.
• Provides a wide product range in various categories of concrete and cement.
• Offers 92% of blended cement customised according to different climatic conditions. 

Weakness

• Operations are limited to India. 

Opportunities 

• Demand in the housing sector keeps increasing.
• Establish in other countries. 

Threats 

• Fluctuations in coal, gypsum and other raw materials prices can impact the operations.