ACC Sells Unit For INR450m

ACC Sells Unit For INR450m
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.  

Published under Cement News