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ACC Ltd.

BSE: 500410 Sector: Industrials
NSE: ACC ISIN Code: INE012A01025
BSE 00:00 | 24 Apr 2020 ACC Ltd
NSE 05:30 | 01 Jan 1970 ACC Ltd

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OPEN 1190.00
PREVIOUS CLOSE 1189.00
VOLUME 22758
52-Week high 1768.40
52-Week low 895.50
P/E 16.23
Mkt Cap.(Rs cr) 21,751
Buy Price 1152.50
Buy Qty 1.00
Sell Price 1158.25
Sell Qty 200.00
OPEN 1190.00
CLOSE 1189.00
VOLUME 22758
52-Week high 1768.40
52-Week low 895.50
P/E 16.23
Mkt Cap.(Rs cr) 21,751
Buy Price 1152.50
Buy Qty 1.00
Sell Price 1158.25
Sell Qty 200.00

ACC Ltd. (ACC) - Chairman Speech


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Company chairman speech

Dear Shareholders

I am very pleased to inform you about ACC's performance in 2018 - a year when yourCompany transformed many parts of its business to deliver a strong performance on manyfronts - financially socially and sustainably. For decades now ACC has stood forexcellence in the quality of its products and in the delivery of its financialperformance. 2018 was no exception with your Company delivering healthy volume and profitgrowth. ACC's consolidated operating EBITDA grew by 11% and Profit Before Tax grew by 21 %YoY on a normalised basis.

The rising costs of fuel power raw materials and rake availability continued to be ofconcern as did the continuance of 28% rate of GST levied on cement. On the other handcement demand continued to be healthy buoyed by strong economic growth. The cement sectorgrew by ~8.5% in 2018 versus ~6% in the previous year.

Against this backdrop ACC managed to improve its performance metrics in volume andmarket share gains backed by sharper customer focus innovative products customisedsolutions operational improvements and tighter cost management. During the year welaunched ACC F2R SUPERFAST - a revolutionary cement with superior strength superfinequality and superfast setting and ACC LeakBlock- a high performance waterproofingcompound marking ACC's foray into the category of construction chemicals. Our ready mixconcrete business continues to grow exponentially.

In Union Budget 2019 the Government has committed to further augment theinfrastructure sector - railways roads highways and irrigation projects. We believe thattheir efforts to increase investment across several sectors will have a favourable impactwhich will stimulate cement demand and boost economic growth.

To serve the growing demand for cement we are investing in capacity expansion projectsthat will add 5.9 million tonnes of cement capacity through a greenfield integrated cementplant at Ametha in Madhya Pradesh with a grinding unit in Uttar Pradesh and expansion ofourTikaria and Sindri plants over a period of three years.This investment will furtherstrengthen our market footprint and contribute to the Company's future growth.

Going beyond the economic returns at ACC we believe that economic social andenvironmental values are interlinked and are part of an interdependent ecosystemcomprising Consumers Shareholders Employees Government Partners the Environment andSociety.

We are proud to present the Company's first Integrated Report that articulates ourholistic approach in creating shared value for our investors customers employees and thecommunity at large. The report highlights the concept and deployment of the Six Capitals:Financial Manufactured Intellectual Fluman Natural and Social & Relationship.

Aligned with our Sustainable Development 2030 Plan we are reducing our dependence onconventional energy using solar power at our units beginning with Kudithini Thondebhaviand Jamul and improving water positivity through extensive rainwater harvesting projects.I am very proud to inform you that your Company became the first cement company in Indiato publish an Environment Product Declaration (EPD) for its blended cement productsmanufactured across all its plants. In 2018 your Company's community developmentprogrammes touched the lives of almost half a million people in 185 villages across India.

I would like to thank our ACC parivar of employees our channel partners suppliersand others who worked tirelessly to deliver a strong performance in 2018.

I thank you dear shareholders for your confidence and trust. I look forward to yourcontinued support so that together we can build a company that delivers excellence timeand again.

Narotam Sekhsaria


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