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Adani to continue using ACC, Ambuja brands; no plans to merge cement units

Media reports had said earlier this year that the Adani Group was exploring a merger between the two companies

Adani to continue using ACC, Ambuja brands; no plans to merge cement units
Updated On : 20 Jul 2023 | 3:20 PM IST

ACC, Ambuja, Dalmia Cement: Analysts remain selective on cement stocks

UBS and Nomura expect volume growth of 10 per cent and 8 per cent, respectively, in FY24 aided by an uptick in the real estate cycle.

ACC, Ambuja, Dalmia Cement: Analysts remain selective on cement stocks
Updated On : 12 Jul 2023 | 10:58 AM IST

Focused on margin expansion to become profitable cement manufacturer: ACC

Adani group firm ACC Ltd is making remarkable strides in its ambitious endeavour to double capacities and is also focused on margin expansion to become the most profitable cement manufacturer in the country, according to its latest annual report. ACC Chairman Karan Adani said Adani group is adopting a three-pronged approach to the growth of its cement business, which also invests in branding and marketing strategy to take advantage of the existing legacy of the ACC brand and focus on strengthening the distributor and dealer network. "The first is to double our plant capacity with an emphasis on green cement. Our significant presence in the green energy business and utilisation of our fly ash, where possible, from our power generation business, aligns well with this approach. The second is to drive much greater operational efficiency to grow margins," Adani said in its message to shareholders in the annual report 2022-23. Besides ACC, which was acquired by billionaire Gautam Adani in

Focused on margin expansion to become profitable cement manufacturer: ACC
Updated On : 28 Jun 2023 | 8:15 PM IST

ACC, Ambuja Cement launch Cement & Concrete Research Development facility

Adani Group-owned ACC and Ambuja Cement have launched a Cement and Concrete Research & Development facility at Kalamboli, Navi Mumbai. The newly established R&D facility will help Ambuja and ACC drive progress, enhance cost optimization, and create sustainable solutions to shape the future of the cement industry, said a statement. A focus on new product development, productivity enhancement, reduction in energy consumption and environmental impact have been major drivers for the establishment of the R&D facility, it added. "Our new R&D facility is our reinforcement towards our collective commitment to pushing boundaries, driving innovation, and addressing industry challenges," said Ajay Kapur, CEO, Cement Business. ***** UltraTech Cement partnering with Finland-based Coolbrook * Leading cement producer UltraTech is partnering with Finland-based Coolbrook to start a joint development project. It will install Coolbrook's RotoDynamic Heater (RDH) technology at an ...

ACC, Ambuja Cement launch Cement & Concrete Research Development facility
Updated On : 24 May 2023 | 11:44 PM IST

HDFC Securities recommends Bull Spread strategy on ACC for May series

The derivative analyst from HDFC Securities recommends to Buy ACC 1,800 CALL at Rs 45.5 & simultaneously sell 1860 CALL at Rs 22.5

HDFC Securities recommends Bull Spread strategy on ACC for May series
Updated On : 12 May 2023 | 7:12 AM IST

ACC has not floated any proposal to postpone Asia Cup, says report

Contradicting media reports that Asia Cup could be postponed and a parallel tournament, excluding Pakistan, could be played in Dubai in the same window, the Asian Cricket Council (ACC) sources on Monday said that they have not sent out any such proposal to the member nations. A report in Pakistan media claimed that if PCB will not agree to play Asia Cup at a neutral venue, the tournament could be taken away from the country. The hosting rights of the 2023 Asia Cup, scheduled to be held in ODI format, are with the Pakistan Cricket Board but BCCI secretary Jay Shah, who is also the ACC chairman, has made it clear that the Indian cricket team will not travel to Pakistan. The PCB has proposed to host Asia Cup on a 'hybrid model', where Pakistan play their matches on the home soil, while India play at a neutral venue -- in all likelihood Dubai. It is understood that the BCCI wants the entire tournament to be shifted to the UAE -- which has three grounds in Dubai, Sharjah and Abu Dhabi -

ACC has not floated any proposal to postpone Asia Cup, says report
Updated On : 01 May 2023 | 7:29 PM IST

ACC on Hindenburg: Independent review found it in compliance with all laws

Says since matter is sub-judice, financial statements do not carry any adjustments

ACC on Hindenburg: Independent review found it in compliance with all laws
Updated On : 28 Apr 2023 | 11:49 AM IST

ACC net profit declines 41% to Rs 236 cr in January-March quarter

Cement maker ACC Ltd on Thursday reported a decline of 40.53 per cent in its consolidated net profit at Rs 235.66 crore for the quarter ended March 2023. The company had posted a profit of Rs 396.33 crore in the January-March quarter a year ago, said ACC, now a part of Adani Cement, in a BSE filing. Its total revenue from operations during the quarter under review was at Rs 4,790.91 crore, up 8.23 per cent, as against Rs 4,426.54 crore in the corresponding period a year ago. ACC's total expenses were at Rs 4,514.38 crore, up 14.10 per cent. Shares of ACC Ltd on Thursday settled at Rs 1,747.10 on the BSE, up 0.51 per cent from the previous close.

ACC net profit declines 41% to Rs 236 cr in January-March quarter
Updated On : 27 Apr 2023 | 10:32 PM IST

Adani Group relocating key roles at ACC, Ambuja Cements to Ahmedabad: Rpt

People holding leadership roles are now based out of Ahmedabad but their teams are working from Mumbai and the teams have to spend a substantial time travelling back and forth between the cities

Adani Group relocating key roles at ACC, Ambuja Cements to Ahmedabad: Rpt
Updated On : 31 Mar 2023 | 10:24 AM IST

Six Adani Group stocks locked in 5% lower circuit; ACC hits 52-week low

The slide in the stocks resumed after a report by The Ken claimed that the Adani group has not completely repaid its loans taken against the promoters' shares

Six Adani Group stocks locked in 5% lower circuit; ACC hits 52-week low
Updated On : 28 Mar 2023 | 12:46 PM IST

Questions raised over Gautam Adani sibling Vinod's related party status

Issue stems from multiple disclosures made by the group; Promoter group entities are typically considered related parties

Questions raised over Gautam Adani sibling Vinod's related party status
Updated On : 17 Mar 2023 | 10:04 PM IST

Adani Enterprises, ACC: Time to sell Adani group stocks after a sharp run?

Analyst recommends investors should wait for some constructive growth direction before venturing into the Group stocks.

Adani Enterprises, ACC: Time to sell Adani group stocks after a sharp run?
Updated On : 09 Mar 2023 | 11:56 AM IST

Buoyed by $1.9 bn investment by GQG Partners, Adani rally enters 2nd week

Industry players said the GQG investment will provide a floor to Adani stocks and also ease concerns around promoter-share pledges

Buoyed by $1.9 bn investment by GQG Partners, Adani rally enters 2nd week
Updated On : 06 Mar 2023 | 11:08 PM IST

Ambuja Cements, ACC to restart operations at 2 plants in Himachal Pradesh

The Darlaghat plant of Ambuja Cements has a capacity of 2 million tonnes per annum while that of ACC's Gagal produces 5.5 mtpa

Ambuja Cements, ACC to restart operations at 2 plants in Himachal Pradesh
Updated On : 20 Feb 2023 | 7:47 PM IST

Adani group to refinance ACC, Ambuja Cement debt of $3.5 billion

Adani currently holds 63.15 per cent stake in Ambuja Cement and 56.69 per cent in ACC

Adani group to refinance ACC, Ambuja Cement debt of $3.5 billion
Updated On : 02 Dec 2022 | 12:00 AM IST

ACC, UltraTech Cement, Ramco: Here's how cement stocks look on the charts

Except Ambuja Cements, Ultratech Cement, Ramco Cements, and India Cements need to surpass crucial key levels to lead to a rally ahead

ACC, UltraTech Cement, Ramco: Here's how cement stocks look on the charts
Updated On : 11 Nov 2022 | 3:02 PM IST

Cement shares gain on hopes of demand recovery; UltraTech, Ambuja up 3%

Analysts expect industry margin to bottom out in Q2, with peaking of cost, higher exit of cement prices, and pick-up in construction activity in coming quarters

Cement shares gain on hopes of demand recovery; UltraTech, Ambuja up 3%
Updated On : 31 Oct 2022 | 1:56 PM IST

Sensex gains 550 pts, Nifty near 17,500; PSB index up 4%, HDFC twins weak

CLOSING BELL: The gains were largely led by bank, auto, IT, and FMCG stocks. Their sectoral indices were up over 1 per cent each

Sensex gains 550 pts, Nifty near 17,500; PSB index up 4%, HDFC twins weak
Updated On : 18 Oct 2022 | 3:35 PM IST

Dalmia, Sagar Cements in race to buy debt-ridden Andhra Cements

Jaypee-owned firm undergoing bankruptcy process

Dalmia, Sagar Cements in race to buy debt-ridden Andhra Cements
Updated On : 17 Oct 2022 | 7:22 PM IST

Sensex zooms 491 pts, Nifty tops 17,300; PSBs soar, Electronics Mart up 42%

CLOSING BELL: Sectorally, the Nifty PSU Bank index climbed 3.6 per cent, Nifty Bank index 1.6 per cent, Nifty Financial Services and Private Bank indices up to 1.5 per cent

Sensex zooms 491 pts, Nifty tops 17,300; PSBs soar, Electronics Mart up 42%
Updated On : 17 Oct 2022 | 3:36 PM IST