ACC Ltd is India's foremost manufacturer of cement and concrete. The company is engaged in the manufacture of cement and ready-mixed concrete. They manufacture a range of portland cement for general construction and special applications. In addition, they also offer two products namely, bulk cement and ready mix concrete.
The company's operations are spread throughout the country with 16 modern cement factories, more than 40 Ready mix concrete plants, 20 sales offices, and several zonal offices. Their subsidiaries include ACC Concrete Ltd, Bulk Cement Corporation (India) Ltd, ACC Mineral Resources Ltd, Lucky Minmat Ltd, National Limestone Co Pvt Ltd and Encore Cements & Additives Pvt Ltd.
ACC Ltd was incorporated on August 1, 1996 as The Associated Cement Companies Ltd. The company was formed by merger of ten existing cement companies. In the year 1944, they established India's first entirely indigenous cement plant at Chaibasa in Bihar. In the year 1956, they established bulk cement depot at Okhla, Delhi.
In the year 1965, the company established Central Research Station at Thane. In the year 1973, they acquired The Cement Marketing Company of India. In the year 1978, they introduced energy efficient precalcinator technology for the first time in India. In the year 1982, the company commissioned their first 1 MTPA plant in the country at Wadi, Karnataka.
In the year 1982, the company incorporated Bulk Cement Corporation of India, a joint venture with the Government of India. In the year 1993, they started commercial manufacture of Ready Mixed Concrete at Mumbai. In the year 1999, they commissioned captive power plants at the Jamul and Kymore plants in Madhya Pradesh.
The house of TATA was intimately associated with the company upto 1999. In the year 1999, the Tata group sold their 7.2% stake in the company to Ambuja Cement Holdings Ltd, a subsidiary of Gujarat Ambuja Cements Ltd and in the year 2000, Tata group sold their remaining stake in the company to Gujarat Ambuja Cements Ltd.
In the year 2001, the company commissioned a new plant of 2.6 MTPA capacity at Wadi, Karnataka. In the year 2003, IDCOL Cement Ltd becomes a subsidiary of the company, which was renamed as Bargarh Cement Ltd during the year 2004. In the year 2004, the company was named as Consumer Superbrand by the Superbrands Council of India, becoming the only cement company to get this status.
In the year 2005, the company completed the modernization and expansion project at Chaibasa in Jharkhand, replacing old wet process technology with a new 1.2 MTPA clinkering unit, together with a captive power plant of 15 MW. In the year 2006, the subsidiary companies Damodhar Cement & Slag Ltd, Bargarh Cement Ltd and Tarmac (India) Ltd merged with the company. Also, the name of the company was changed from The Associated Cement Companies Ltd to ACC Ltd with effect from September 1, 2006.
In the year 2007, the company commissioned wind energy farm in Tamilnadu. In July 2007, the company sold their entire shareholding in their wholly owned subsidiary ACC Nihon Castings Ltd at a consideration of Rs 30 crore to V N Enterprises Ltd of Hindustan Udyog Group.
In the year 2008, the ready mixed concrete business was hived off to a new subsidiary called ACC Concrete Ltd. They acquired 40% stake in Alcon Cement Company Pvt Ltd to strengthen their presence in Goa. Also, they acquired 12.41% equity shares of Bulk Cement Corporation (India) Ltd from IDBI Bank Ltd, thereby increasing their shareholding in the said subsidiary company to 94.65%.
In March 2008, the company sold their wholly owned subsidiary, ACC Machinery Company Ltd for a consideration of Rs 45 crore. In July 7, 2008, they inaugurated ACC Cement Technology Institute at Jamul.
In the year 2009, the company commissioned one 15 MW CPP as a part of Bargarh plant expansion. The additional captive power generating capacity of 50 MW in Wadi, 15 MW in Bargarh and 25 MW in Chanda is scheduled to be commissioned and stabilized in 2010. They inaugurated new Grinding plant of capacity 1.60 million tonnes at Thondebhavi in Karnataka.
During the year, the company acquired 100% equity stake in National Limestone Company Pvt Ltd, making it as a wholly owned subsidiary of the company. Also, they acquired 100% equity stake in Encore Cements & Additives Pvt Ltd which has a slag grinding plant in Vishakhapatnam in coastal Andhra Pradesh. Consequently, ECAPL became a wholly owned subsidiary of the company with effect from January 28, 2010.
In September 2009, the company installed and commissioned a coal washery in Jamul. Also, the company is in the process of commissioning a coal washery in the Bargarh plant in 2010. In January 4, 2010, Kudithini Cement Grinding Plant was inaugurated in Karnataka with a capacity of 1.1 MTPA of Portland Slag Cement.
In April 2010, the company commissioned a 2.5-MW wind energy farm near Satara, Maharashtra, at a cost of Rs 13 crore. The wind farm has two 1.5-MW turbines. The power from the wind farm will be supplied through a wheeling arrangement to the company's Thane Complex and Bulk Cement Corporation (India) Ltd, a subsidiary company at Kalamboli, near Mumbai.
In the year 2010, the company commissioned the the 2.5 MW wind mill project in Maharashtra. Also, they commissioned one CPP of 25 MW at Wadi, two 15 MW CPPs at Bargarh and one 25 MW CPP at Chanda during the year. The company through their wholly owned subsidiary ACC Mineral Resources Ltd entered into joint venture agreements with Madhya Pradesh State Mining Corporation Ltd for development of four coal blocks.
In April 2010, the company completed the acquisition of a 45% equity stake in Asian Concrete and Cements Pvt Ltd. This company commenced production from their new grinding unit during the year. In June 2010, the Financial Express-EVI Green Business Leadership Award 2009-10 was conferred on ACC Ltd for being the 'Best Performer' in the cement category. This award is an acknowledgement of ACC's commitment towards its environmental friendly initiatives in the country.
In November 2010, the company commissioned the world's largest kiln with a capacity of 12500 tpd at Wadi in the State of Karnataka. They commenced trial production in the clinkering unit at Chanda in Maharashtra having a kiln capacity of 7000 tpd and commenced commercial production during the first quarter of the financial year 2011.
In the year 2011, the company installed the world's largest kiln at Wadi, Karnataka with a capacity of 12,500 tonnes per day. The Operations of the state-of-the-art kiln at Wadi and the cement grinding plants at Kudithini and Thondebhavi stabilized during the year. The new clinkering unit at Chanda in Maharashtra also stabilized its operations during the year. The cement mill at Chanda was successfully commissioned during the year under review and commercial operations have commenced in January 2012 after appropriate ramping up.
In November 2011, the Secretarial and Share Departments of the company received an ISO 9001-2008 certification from Det Norske Veritas (DNV) AS Certification Services.
During the year, the company made an application to the Honorable High Court of Judicature at Bombay for approval to a scheme of amalgamation of three of the companys wholly owned subsidiaries viz. Encore Cement and Additives Pvt Ltd, Lucky Minmat Ltd and National Limestone Company Pvt Ltd. The amalgamation process is currently in progress.
The company is planning to set up a new clinker production facility of 2.79 MTPA and allied grinding facility at Jamul. The company is also planning decentralized grinding staions which will use clinker produced at Jamul. The project will be implemented in phased manner and scheduled for completion by first quarter of 2015.