Holcim closes sale of India business
Holcim has closed the sale of its business in India to the Adani Group. The deal includes Holcim’s stake in Ambuja Cement at a share price of INR385 (US$4.82) and in ACC at a sh...
Acc
172 posts · Page 4 of 18
Adani plans management shake-up following takeover
Gautam Adani, his son Karan and his nephew Pranav, are expected to join the management boards of ACC Ltd and Ambuja Cements . As part of an overhaul of the top management of bot...
Morgan Stanley invests in ACC
Morgan Stanley has bought a stake in Indian cement producer ACC Ltd. According to Mint, Morgan Stanley Asia (Singapore) has purchased 941,557 ACC shares at INR2290 each, marking...
CCI approves Adani acquisition of Ambuja and ACC stakes
The Competition Commission of India (CCI) has approved the acquisition of Holcim ’s stake in Ambuja Cements Ltd and its subsidiary ACC Ltd by the Adani Group. The deal, which wa...
ACC Ltd posts 15% YoY increase in revenue
ACC Ltd has posted revenue of INR44.68bn (US$557.9m) in the quarter ended 30 June 2022, compared to INR38.85bn in the same period a year earlier, an increase of 15 per cent YoY....
Calcined clays: making a global impact
This week FLSmidth announced that it would be supporting the largest calcined clay installation in the world in Ghana for CBI Ghana at its Accra plant. It is a good time to look...
Ambuja and ACC to develop new calcined clay cements
Ambuja Cements and ACC have announced a partnership with the Indian Institute of Technology Delhi (IITD) to develop calcined clay cements. It will be implemented through a resea...
ACC reports 6% rise in EBITDA for the 3Q21
India’s ACC has reported a 6.1 per cent YoY rise in EBITDA to INR7.12bn (US$95.03m) in the third quarter of 2021, compared to INR6.71bn in the year-ago period. Profit after tax ...
ACC sets out 2030 sustainability targets
ACC has become the first company in the Indian construction sector to sign the “Business Ambition for 1.5°C” commitment with 2030 intermediate targets approved by the Science Ba...
Ambuja Cements and ACC make Industry 4.0 investment
Holcim India companies, Ambuja Cements Ltd and ACC Ltd, are further investing in Industry 4.0 under the group's ‘Plants of Tomorrow’ programme. The four-year programme aims to c...