You are here » Home » Companies » Company Overview » ACC Ltd

ACC Ltd.

BSE: 500410 Sector: Industrials
NSE: ACC ISIN Code: INE012A01025
BSE LIVE 15:40 | 08 Dec 1358.75 8.75
(0.65%)
OPEN

1355.00

HIGH

1370.95

LOW

1352.10

NSE LIVE 15:40 | 08 Dec 1358.65 8.65
(0.64%)
OPEN

1352.20

HIGH

1371.40

LOW

1351.00

OPEN 1355.00
PREVIOUS CLOSE 1350.00
VOLUME 8409
52-Week high 1738.00
52-Week low 1173.25
P/E 39.22
Mkt Cap.(Rs cr) 25515.97
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 1355.00
CLOSE 1350.00
VOLUME 8409
52-Week high 1738.00
52-Week low 1173.25
P/E 39.22
Mkt Cap.(Rs cr) 25515.97
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

ACC Ltd. (ACC) - Chairman Speech

Company chairman speech

ACC LIMITED ANNUAL REPORT 2010 CHAIRMAN'S REPORT Dear Friends, This is a special year as ACC completes 75 successful years. A Platinum Jubilee is a significant milestone that is reserved for special organizations who wear this mantle not by financial excellence or scale of operations alone, but by the blessings of enduring relationships with all the stakeholders they serve. ACC has built India for 75 years in a manner that its name is now familiar in every part of the country. We can all take pride in being a part of this great Company. A large part of the credit for this achievement must go to you the shareholders for your unwavering commitment to the values this organisation has steadfastly demonstrated. From the beginning, Your Company has been a pioneer and trendsetter in cement and concrete, promoting innovative research and product development. This has made ACC an important benchmark for the Indian cement industry. The relationships and associations we formed with Ambuja Cements and with the Holcim Group have offered considerable opportunities for learning and adapting global best practices. Today, we cannot imagine the variety and magnitude of the tests and trials that ACC encountered since its inception. In all these years, the challenges were many, the journey was difficult, but the spirit was unfailing. Even the last year we have just been through could have been daunting as it made the industry grapple with rising input costs and declining selling prices alongside heightened competition. But Your Company negotiated these uncertainties effectively to put itself in a position of strength. ACC is proud to announce the commissioning of the expanded Wadi 2 kiln in September 2010. With a daily capacity of 12,500 tonnes, it is said to be the largest cement kiln worldwide. Another successful project is the new clinkering line at Chanda in Maharashtra that commenced trial production in November 2010, which would ultimately result in additional capacity of about 3 million tonnes per annum. The completion of these two projects puts ACC on the threshold of achieving 30 million tonnes annually. With Government retaining a determined focus on infrastructure development and an optimistic outlook for overall GDP growth, we have no doubt these will offer a considerable boost to the demand for cement. The future for Your Company looks bright even as it passes through competitive times. ACC is poised to grow much faster in coming decades based on its technical excellence, human resources, brand equity and market growth. As ACC gears up for another important phase in its growth, I have no doubt the company will continue to enjoy the same dedication and faith from all its stakeholders and associates that will inspire it to reach greater heights. Thank you. Narotam Sekhsaria Chairman

Upgrade To Premium Services

Welcome User

Business Standard is happy to inform you of the launch of "Business Standard Premium Services"

As a premium subscriber you get an across device unfettered access to a range of services which include:

  • Access Exclusive content - articles, features & opinion pieces
  • Weekly Industry/Genre specific newsletters - Choose multiple industries/genres
  • Access to 17 plus years of content archives
  • Set Stock price alerts for your portfolio and watch list and get them delivered to your e-mail box
  • End of day news alerts on 5 companies (via email)
  • NEW: Get seamless access to WSJ.com at a great price. No additional sign-up required.
 

Premium Services

In Partnership with

 

Dear Guest,

 

Welcome to the premium services of Business Standard brought to you courtesy FIS.
Kindly visit the Manage my subscription page to discover the benefits of this programme.

Enjoy Reading!
Team Business Standard