ACC Sells Unit For INR450m

ACC Sells Unit For INR450m
Published: 11 March 2008

ACC Ltd Tuesday said it sold its subsidiary ACC Machinery Co. to HNG Group for INR450m.  
 
The Indian cement manufacturer said in a statement that the unit earned a revenue of INR632.4m in 2007. The profit after tax for the same year was INR97.5m.  
 
Officials at ACC couldn’t immediately be reached for more details.