ACCPL has 1.3 MTPA cement capability in Nalagarh and subsidiary Asian High quality Cements Pvt Restricted has 1.5 MTPA capability plan in Rajpura.
Cement producer ACC on January 25 reported a 375.10 % rise in consolidated web revenue for the December quarter at Rs 537.63 crore.
Its income got here in at Rs 4,914.36 crore, up 8.31 % over Rs 4,536.97 crore in the identical quarter of the earlier fiscal, the Adani Group agency mentioned in an trade submitting.
Earlier this month, ACC mentioned it has acquired the remaining 55 % stake in Asian Concretes and Cements Non-public Restricted (ACCPL) at an enterprise worth of Rs 775 crore, making it a completely owned subsidiary. It will allow
additional enchancment in quantity development within the coming quarters, the corporate mentioned.
ACCPL has 1.3 MTPA cement capability in Nalagarh (Himachal Pradesh), whereas subsidiary Asian High quality Cements Pvt Restricted (AFCPL) has 1.5 MTPA cement capability in Punjab’s Rajpura.
“ACC’s monetary efficiency has seen a whole turnaround within the final 12 months. Current capability additions have taken the Adani Group’s cement capability to 77.4 MPTA. It will allow quantity and income development on a sustainable foundation,” mentioned Ajay Kapur, Complete Time Director & CEO, ACC Restricted.