ACC moves up on plan to invest Rs 3,000 crore for capacity expansion in eastern region states

03 Sep 2013

ACC is currently trading at Rs. 955.20, up by 0.60 points or 0.06% from its previous closing of Rs. 954.60 on the BSE.

The scrip opened at Rs. 960.00 and has touched a high and low of Rs. 964.15 and Rs. 952.00 respectively. So far 6806 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1514.95 on 15-Oct-2012 and a 52 week low of Rs. 912.05 on 28-Aug-2013.

Last one week high and low of the scrip stood at Rs. 1004.95 and Rs. 912.05 respectively. The current market cap of the company is Rs. 17955.97 crore.

The promoters holding in the company stood at 50.30% while Institutions and Non-Institutions held 31.15% and 18.55% respectively.

In a bid to expand its capacity by nearly four million tonnes a year in three eastern region states, the cement major ACC is planning to invest Rs 3,000 crore in the next three years. Following this, the company’s total capacity will increase to 10 mt a year from the existing 6 mt a year in the East.

In separate development, the company is eyeing to set up 15 lakh tonne cement factory at Kharagpur, West Midnapore district in state of West Bengal entailing an investment of Rs 600 crore. The proposed factory would begin production within the next three years. The company has already initiated talks with the West Bengal government for the same.

Recently, the company has launched its premium cement brand ACC Plus+ in West Bengal. ACC currently manufactures 30 million tonnes of cement from 17 factories in India.

ACC Share Price

1813.05 -18.50 (-1.01%) Apr 23, 16:57
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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323