ACC

2024 - 1 - 8

ACC Makes Bold Moves in Cement Industry, Acquiring Asian Concretes & Cements

ACC - Acquisition - Cement Industry

ACC expands its market leadership with a strategic acquisition, making waves in the cement sector. Find out more here! #ACC #CementIndustry #Acquisition

In a recent development, ACC has shaken up the cement industry with a series of acquisitions and upgrades. CLSA's downgrade of ACC and Ambuja was quickly overshadowed by Shree Cements receiving an upgrade, showcasing the dynamic nature of the market. Despite these changes, Dalmia Bharat and Ultratech remain the preferred picks within the sector, hinting at a competitive landscape.

The highlight of ACC's recent activities is the acquisition of Asian Concretes & Cements for a whopping Rs 775 crore. This move aims to solidify ACC and Ambuja Cements' market leadership in North India, propelling them ahead in the regional competition. By acquiring a 55% stake in the company, ACC's total cement production capacity now stands at an impressive 38.55 MTPA.

With the completion of this acquisition, ACC has not only increased its production capacity but also bolstered the Adani Group's overall cement presence. The strategic move to acquire the remaining 55% stake in Asian Concretes and Cements positions ACC as a key player in the market, showcasing its commitment to growth and expansion.

Furthermore, the entire acquisition was funded through internal accruals, indicating ACC's financial strength and determination to enhance its market position. This bold step is set to further solidify ACC and Ambuja's market leadership, paving the way for future growth and success in the industry.

In a related context, ACC's recent move to acquire full ownership of Asian Concretes and Cements signifies a significant milestone for the company, consolidating its position as a key player in the cement sector. Additionally, the recognition of ACC Women's Basketball performance and the ACC Men's Basketball Weekly Honors underscore the diverse interests and successes affiliated with the ACC brand, showcasing excellence both on and off the court.

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Image courtesy of "Moneycontrol.com"

CLSA downgrades ACC, Ambuja; Shree Cements gets an upgrade (Moneycontrol.com)

Despite the changes in ratings and price targets, Dalmia Bharat and Ultratech are the brokerage's preferred picks within the sector.

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Image courtesy of "Business Today"

ACC acquires Asian Concretes & Cements for Rs 775 crore (Business Today)

The company stated that the complete acquisition will bolster the market leadership of ACC as well as Ambuja Cements in the North India market.

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Image courtesy of "Business Insider India"

ACC falls 1.4% after acquiring Asian Concretes & Cements for ... (Business Insider India)

ACC acquired 55% stake in Asian Concretes and Cements Private along with its subsidiary Asian Fine Cements.It had earlier held a 45% stake in the company ...

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ACC completes acquisition of Asian Concretes and Cements | Mint (Livemint)

This acquisition increases ACC's total cement production capacity to 38.55 MTPA, and, when combined with Ambuja, raises the Adani Group's overall cement ...

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Image courtesy of "The Hindu BusinessLine"

ACC acquires 55% stake in Asian Concretes and Cements (The Hindu BusinessLine)

ACC Limited acquires 55% stake in ACCPL, increasing cement capacity to 38.55 MTPA, with parent Ambuja's capacity reaching 76.10 MPTA.

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ACC acquires remaining 55% stake in Asian Concretes and ... (CNBCTV18)

With this acquisition, ACC's cement capacity will increase to 38.55 MTPA, and together with its parent company Ambuja, the cement capacity will increase to ...

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Image courtesy of "Moneycontrol.com"

ACC completes acquisition of Asian Concretes and Cements ... (Moneycontrol.com)

The entire acquisition is funded through internal accruals and will help ACC & its parent company Ambuja to further bolster market leadership, said ACC in ...

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Image courtesy of "Business Standard"

Adani-owned ACC to acquire full stake in Asian Concretes and ... (Business Standard)

Asian Concrete and Cements Acquisition: ACC currently owns 45 per cent stake in Asian Concretes and Cements and the remaining stake will cost it Rs 425.96 ...

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ACC to acquire additional 55% stake in Asian Concretes and ... (ETRealty.com)

Adani Cement: Upon completion of the acquisition Asian Concretes and Cements will become a wholly-owned subsidiary of ACC.

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Image courtesy of "The Hindu BusinessLine"

ACC buys out Asian Concretes and Cements for ₹775 crore (The Hindu BusinessLine)

The company currently owns 45 per cent stake and acquired the remaining stake on Monday. The enterprise value includes cash and cash equivalent of ₹35 crore.

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Image courtesy of "World Cement"

ACC strengthens market leadership with acquisition of Asian ... (World Cement)

ACC has acquired a 55% stake in Asian Concretes and Cements Pvt Ltd, increasing ACC's cement capacity to 38.55 MTPA.

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Preseasoning: Virginia Tech Head Coach John Szefc Joins ACC ... (D1 Baseball College Baseball News & Scores)

On this episode of ACC Baseball Etc., Daron Vaught welcomes 2022 ACC Coach of the Year John Szefc to discuss the 2024 edition of his Virginia Tech baseball ...

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ACC gets full ownership of Asian Concretes for Rs 775 cr enterprise ... (Business Standard)

Adani group-promoted ACC Ltd on Monday announced it has acquired the remaining 55 per cent stake in Asian Concretes and Cements Private Ltd (ACCPL) for an ...

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Image courtesy of "The ACC"

ACC Women's Basketball Recap - Jan. 7 (The ACC)

Reigan Richardson recorded a game-high 18 points on 7-for-10 shooting, while Kennedy Brown posted 13 points, eight rebounds, four assists and three blocks, as ...

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Image courtesy of "The ACC"

ACC Announces Men's Basketball Weekly Honors (The ACC)

CHARLOTTE, N.C. (theACC.com) – North Carolina graduate forward/center Armando Bacot and Wake Forest sophomore guard Kevin “Boopie” Miller shared Atlantic ...

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Image courtesy of "Wake Forest Athletics"

Miller Earns ACC Player of the Week Honors - Wake Forest ... (Wake Forest Athletics)

This is the first ACC honor for the transfer guard, who also earned All-MAC conference honors in his two seasons at Central Michigan. Miller is the first Wake ...

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Image courtesy of "PittsburghPanthers.com"

Carrington Named ACC Rookie of the Week for Fourth Time (PittsburghPanthers.com)

Carrington is one of just six players in the NCAA averaging at least 14.5 points, 5.0 rebounds, and 5.0 assists per game. He leads ACC freshman is assists, ...

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ACC Overlooks Duke Basketball Sophomore in Player of the Week ... (CalBearsMaven)

Second-year Duke basketball forward Mark Mitchell sure seemed to put together an award-winning week, even though the ACC somehow doesn't see it that way.

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Pitt G Bub Carrington Earns ACC Rookie of the Week Honors for the ... (Pittsburgh Sports Now)

Once again, Pitt's Bub Carrington has been recognized by the ACC for his elite play during his rookie campaign. On Monday afternoon, Carrington was named ...

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