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ACC rises on getting nod to set up greenfield integrated cement plant in MP

13 Dec 2018 Evaluate

ACC is currently trading at Rs. 1492.80, up by 11.70 points or 0.79% from its previous closing of Rs. 1481.10 on the BSE.

The scrip opened at Rs. 1485.10 and has touched a high and low of Rs. 1510.00 and Rs. 1482.55 respectively. So far 12486 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1856.00 on 16-Jan-2018 and a 52 week low of Rs. 1255.00 on 17-Jul-2018.

Last one week high and low of the scrip stood at Rs. 1,510.00 and Rs. 1369.70 respectively. The current market cap of the company is Rs. 28010.35 crore.

The promoters holding in the company stood at 54.53%, while Institutions and Non-Institutions held 30.86% and 14.61% respectively.

ACC has received an approval from board for setting up a Greenfield Integrated Cement Plant at Ametha, District Katni, Madhya Pradesh (Clinker capacity of 3 MTPA and Cement capacity of 1 MTPA) along with expansion of the existing grinding unit in Tikaria, Uttar Pradesh (Cement capacity of 1.6 MTPA) and a third grinding unit also in Uttar Pradesh (cement capacity 2.2 MTPA). The company’s board has also approved the setting up of 1.1 MTPA Cement Grinding Facility at the existing location at Sindri, Jharkhand.

The said projects are estimated to cost approximately Rs 3000 crore, which is proposed to be funded through internal accruals. The company has an existing capacity of 33.41 MTPA. In 2017 the utilization rate was 79%. The said Projects are proposed to be completed within a period of three years. The projects will allow the company to strengthen its presence in its markets. The Board of directors of the company at its meeting held on December 12, 2018 has approved for the same.

ACC is India’s foremost manufacturer of cement and ready mixed concrete with a countrywide network of factories and sales offices.

ACC Share Price

1432.00 0.15 (0.01%)
20-Apr-2026 14:34 View Price Chart
Peers
Company Name CMP
Ultratech Cement 11860.00
Ambuja Cement 458.50
ACC 1432.00
Shree Cement 25435.25
Dalmia Bharat 1986.00
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