Company Profile

ACC LTD.

NSE : ACCBSE : 500410ISIN CODE : INE012A01025Industry : Cement & Construction MaterialsHouse : ACC
BSE1665.90-43.2 (-2.53 % )
PREV CLOSE (Rs.) 1709.10
OPEN PRICE (Rs.) 1733.00
BID PRICE (QTY) 0.00 (0 )
OFFER PRICE (QTY) 0.00 (0 )
VOLUME 34110
TODAY'S LOW / HIGH (Rs.)1655.15 1733.00
52 WK LOW / HIGH (Rs.)895.5 1813.4
NSE1665.75 -44.3 (-2.59 % )
PREV CLOSE(Rs.) 1710.05
OPEN PRICE (Rs.) 1720.40
BID PRICE (QTY) 1665.75 (3139 )
OFFER PRICE (QTY) 0.00 (0 )
VOLUME 1486010
TODAY'S LOW / HIGH(Rs.) 1656.00 1726.65
52 WK LOW / HIGH (Rs.)895.15 1814

Company News

Date Heading Details
06-Jan-2021 ACC commences cement production facility in Jharkhand <p align="justify">ACC has successfully commissioned its new Grinding Unit (GU) at Sindri in the State of Jharkhand effective January 2, 2021. The new facility will add an additional capacity of 1.4 MTPA cement to the existing 3.0 MTPA unit, taking the total capacity at Sindri to 4.4 MTPA.&nbsp; This facility will manufacture low CO2, environment friendly, cement products.</p><p align="justify">ACC is one of India's leading producers of cement and ready mix concrete.<br></p>
06-Jan-2021 ACC inches up on commencing cement production facility in Jharkhand <p align="justify">ACC is currently trading at Rs. 1651.80, up by 7.05 points or 0.43% from its previous closing of Rs. 1644.75 on the BSE.</p><p align="justify">The scrip opened at Rs. 1660.00 and has touched a high and low of Rs. 1664.00 and Rs. 1646.55 respectively. So far 4901 shares were traded on the counter.</p><p align="justify">The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1788.05 on 01-Dec-2020 and a 52 week low of Rs. 895.50 on 25-Mar-2020.</p><p align="justify">Last one week high and low of the scrip stood at Rs. 1664.00 and Rs. 1612.30 respectively. The current market cap of the company is Rs. 30886.31 crore.</p><p align="justify">The promoters holding in the company stood at 54.53%, while Institutions and Non-Institutions held 32.36% and 13.11% respectively.</p><p align="justify">ACC has successfully commissioned its new Grinding Unit (GU) at Sindri in the State of Jharkhand effective January 2, 2021. The new facility will add an additional capacity of 1.4 MTPA cement to the existing 3.0 MTPA unit, taking the total capacity at Sindri to 4.4 MTPA.&nbsp; This facility will manufacture low CO2, environment friendly, cement products.</p><p align="justify">ACC is one of India's leading producers of cement and ready mix concrete.<br></p>
06-Jan-2021 BEML, ACC and IOC to see some action today <p align="justify"><strong>BEML</strong> has received prestigious orders from the Ministry of Defence (MoD) for supply of High Mobility vehicles, at an approximate value of Rs 758 crore. These High Mobility vehicles would play a key role in the logistics management of the Indian Army leveraging on its exceptional cross country capabilities. These vehicles would enable armoured fighting vehicles, troops, ammunitions and stores to be moved to far-flung, difficult terrains in operational areas. </p><p align="justify"><strong>ACC</strong> has successful commissioned its new Grinding Unit (GU) at Sindri in the State of Jharkhand effective January 2, 2021. The new facility will add an additional capacity of 1.4 MTPA cement to the existing 3.0 MTPA unit, taking the total capacity at Sindri to 4.4 MTPA.&nbsp; This facility will manufacture low CO2, environment friendly, cement products.</p><p align="justify"><strong>Indian Oil Corporation's</strong> (IOC) jet fuel business has recovered by 60 per cent, while the domestic sector sales are likely to touch full capacity by March, this year. There was a drop in the jet fuel business following coronavirus-induced restrictions but from May 25, 2020 onwards, the aviation sector has re-started and has led to increased demand.</p><p align="justify"><strong>Shriram Transport Finance Company</strong> has raised Rs 250 crore by issuing bonds on private placement basis. The allotment committee of the company in its meeting held on January 05, 2021, has approved and allotted Rated, Listed, Senior, Secured, Redeemable, Non-Convertible Debentures on Private placement basis for an issue size of Rs 250 crore plus green shoe option of Rs 250 crore. </p><p align="justify"><strong>Sacheta Metals</strong> has secured sales order of around Rs 15 Million for supply of Aluminium utensils from Republic of Mozambique. This sales order is repeatable at every 3 months hopefully. </p><p align="justify"><strong>MSTC</strong> has signed a Memorandum of Understanding (MOU) with department of Mines and Geology, Government of Andhra Pradesh for selection of agency to carry out sand operations in the state of Andhra Pradesh on January 04, 2021.&nbsp; </p><p align="justify"><strong>Adani Ports</strong> <strong>&amp; Special Economic Zone</strong> (APSEZ) has handled cargo volume of 27.2 MMT (includes cargo volume of 3.5 MMT of Krishnapatnam Port) in December 2020. The company acquired Krishnapatnam Port (KPCL) in October 2020. The growth excluding KPCL was 14% on month on month basis and 28% on year on year basis.<br></p>
05-Jan-2021 Announcement under Regulation 30 (LODR)-Press Release / Media Release Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 - Commissioning of New Cement Production Facility
24-Dec-2020 ACC receives approval for renewal of agreement with Holcim Technology <p align="justify">ACC has received an approval for the renewal of the existing Technology and Know-How Agreement (TKH Agreement) with Holcim Technology (HTL) under which the company pays TKH fees at 1% of net sales each year, to HTL, for a period of 2 years with effect from January 01, 2021, i.e., on the same terms of the existing TKH Agreement. The Board of Directors of the company at its meeting held on December 23, 2020, has approved the same. </p><p align="justify">ACC is one of India's leading producers of cement and ready mix concrete.<br></p>
24-Dec-2020 ACC jumps on receiving approval for renewal of agreement with Holcim Technology <p align="justify">ACC is currently trading at Rs. 1619.40, up by 39.75 points or 2.52% from its previous closing of Rs. 1579.65 on the BSE.<br></p><p align="justify">The scrip opened at Rs. 1685.30 and has touched a high and low of Rs. 1692.95 and Rs. 1616.15 respectively. So far 104838 shares were traded on the counter.<br></p><p align="justify">The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1788.05 on 01-Dec-2020 and a 52 week low of Rs. 895.50 on 25-Mar-2020.<br></p><p align="justify">Last one week high and low of the scrip stood at Rs. 1692.95 and Rs. 1490.00 respectively. The current market cap of the company is Rs. 30501.35 crore.<br></p><p align="justify">The promoters holding in the company stood at 54.53%, while Institutions and Non-Institutions held 32.36% and 13.11% respectively.<br></p><p align="justify">ACC has received an approval for the renewal of the existing Technology and Know-How Agreement (TKH Agreement) with Holcim Technology (HTL) under which the company pays TKH fees at 1% of net sales each year, to HTL, for a period of 2 years with effect from January 01, 2021, i.e., on the same terms of the existing TKH Agreement. The Board of Directors of the company at its meeting held on December 23, 2020, has approved the same.</p><p align="justify">ACC is one of India's leading producers of cement and ready mix concrete.<br></p>
24-Dec-2020 Aurobindo Pharma, Tata Communications and ARSS Infrastructure Projects to see some action today <p align="justify"><strong>Aurobindo Pharma</strong> has entered into an Exclusive License Agreement with COVAXX, a US-based company, to develop, commercialize and manufacture UB-612, the first Multitope Peptide-based Vaccine to fight COVID-19, for India and the United Nations Children's Fund (UNICEF) agency. COVAXX is currently conducting a Phase 1 clinical trial for the vaccine candidate. Under the signed agreement, Aurobindo has obtained the exclusive rights to develop, manufacture and sell COVAXX's UB-612 vaccine in India and to UNICEF, as well as non-exclusive rights in other select emerging and developing markets.</p><p align="justify"><strong>Tata Communications</strong> has acquired majority equity stake of 58.1% in Oasis Smart SIM Europe SAS (Oasis), a France-headquartered embedded-SIM (eSIM) technology provider. Oasis develops and provides advanced technologies and personalized services to enable the deployment of eSIM and SIM technologies. With this investment, eSIM technology will be fully integrated into Tata Communications MOVE, enabling an end-to-end embedded connectivity solution and strengthening Tata Communications MOVE as a single source platform for global enterprise mobility needs. </p><p align="justify"><strong>ARSS Infrastructure Projects</strong> has received a work order of Rs 301.20 crore only for execution of work of 4 Laning of Itanagar to Banderdewa section of NH-415 from 51+700 to km 59-199 (Packape-C) on FPC mode in the state of Arunachal Pradesh. The order has been awarded in favour of the company by Office of Chief Engineer (Zone-V(I)) Director General (RD &amp; Special Secretary, Government of India, Ministry of Roads Transport &amp; Highways, New Delhi. </p><p align="justify"><strong>ACC</strong> has received an approval for the renewal of the existing Technology and Know-How Agreement (TKH Agreement) with Holcim Technology (HTL) under which the company pays TKH fees at 1% of net sales each year, to HTL, for a period of 2 years with effect from January 01, 2021, i.e., on the same terms of the existing TKH Agreement. The Board of Directors of the company at its meeting held on December 23, 2020, has approved the same. </p><p align="justify"><strong>Kirloskar Ferrous Industries</strong> has completed the acquisition of movable and immovable assets relating to the pig iron plant of VSL Steels (the Seller) situated at Paramenahally Village, Hiriyur, Chitradurga District, Karnataka. The company is in process to renovate those assets and to obtain necessary approvals / permissions / licenses from statutory / government authorities for commencement of operations. </p><p align="justify"><strong>Kings Infra Ventures</strong> has raised Rs 26 lakh through Unlisted Secured Redeemable Non- Convertible Debentures (NCDs) and allotted Seventh tranche of 2600 NCDs having face value of Rs 1000 each on Private Placement. The Debenture Committee of the company at its meeting held on December 22, 2020, has allotted the same.&nbsp; </p><p align="justify"><strong>Maruti Suzuki India</strong> has completed a housing township of affordable modern eco-friendly houses for its employees in Dharuhera and handed over the first batch of houses to its employees. The remaining apartments out of a total of 360 are expected to be ready for possession in a staggered manner. One of the key reasons of Maruti Suzuki's sustained success and leadership despite presence of many global players is that the relationship between the company and its employees is of partnership and mutual trust.<br></p>
30-Nov-2020 ACC informs about investor conference <P align=justify>In terms of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and other applicable provisions, ACC has informed that the Company is attending the Investor Conference organised by Nomura Financial Advisory &amp; Securities (India) on December 1-2, 2020 during which the Company will be meeting Investors as per the attached list. The Schedule may undergo change due to exigencies on the part of Investors/ Company.<P align=justify>The above information is a part of company's filings submitted to BSE.<BR>
19-Nov-2020 ACC enters into SPA with N.G. Ghadiya Group <p align="justify">ACC has entered into a Share Purchase Agreement (SPA) with N.G. Ghadiya Group on November 18, 2020 to divest National Limestone Company (National), a wholly owned subsidiary of the company, which is currently non-operational. Subject to satisfactory completion of the conditions precedent by the parties and in accordance with the other provisions of SPA and other definitive agreements, the transaction is expected to close in next 4 weeks from signing of the SPA. The consideration received from such sale/disposal is Rs 20 crore. </p><p align="justify">ACC is one of India's leading producers of cement and ready mix concrete.<br></p>
19-Nov-2020 ACC rises on entering into SPA with N.G. Ghadiya Group <p align="justify">ACC is currently trading at Rs. 1700.90, up by 16.25 points or 0.96% from its previous closing of Rs. 1684.65 on the BSE.<p align="justify">The scrip opened at Rs. 1685.00 and has touched a high and low of Rs. 1700.90 and Rs. 1667.75 respectively. So far 6794 shares were traded on the counter.<p align="justify">The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1723.45 on 17-Nov-2020 and a 52 week low of Rs. 895.50 on 25-Mar-2020.<p align="justify">Last one week high and low of the scrip stood at Rs. 1723.45 and Rs. 1653.00 respectively. The current market cap of the company is Rs. 31679.71 crore.<p align="justify">The promoters holding in the company stood at 54.53%, while Institutions and Non-Institutions held 32.36% and 13.11% respectively.<p align="justify">ACC has entered into a Share Purchase Agreement (SPA) with N.G. Ghadiya Group on November 18, 2020 to divest National Limestone Company (National), a wholly owned subsidiary of the company, which is currently non-operational. Subject to satisfactory completion of the conditions precedent by the parties and in accordance with the other provisions of SPA and other definitive agreements, the transaction is expected to close in next 4 weeks from signing of the SPA. The consideration received from such sale/disposal is Rs 20 crore.<p align="justify">ACC is one of India's leading producers of cement and ready mix concrete.</p>