MIRA INFORM REPORT

Report Date :

29.05.2012

IDENTIFICATION DETAILS

Name :	ACC LIMITED (w.e.f. 01.09.2006)

Formerly Known As :	THE ASSOCIATED CEMENT COMPANIES LIMITED

Registered Office :	Cement House, 121, Maharshi Karve Road, Mumbai – 400 020, Maharashtra

Country :	India

Financials (as on) :	31.12.2011

Date of Incorporation :	01.08.1936

Com. Reg. No.:	11-002515

Capital Investment / Paid-up Capital :	Rs.1879.500 millions

CIN No.: [Company Identification No.]	l26940mh1936plc002515

TAN No.: [Tax Deduction & Collection Account No.]	mumt00130e

PAN No.: [Permanent Account No.]	aaact1507C

Legal Form :	Public Limited Liability Company. The Company's shares are listed on the Stock Exchanges.

Line of Business :	manufacturer of Cement and Concrete.

No. of Employees :	About 9000 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

Aa (75)

RATING

STATUS

PROPOSED CREDIT LINE

71-85

Possesses adequate working capital. No caution needed for credit transaction. It has above average (strong) capability for payment of interest and principal sums

Large

Maximum Credit Limit :	USD 287691000

Status :	Good

Payment Behaviour :	Regular

Litigation :	Clear

Comments :	Subject is a well – established and a reputed company having good track. Financial position of the company appears to be sound. Directors are reported to be an experienced and respectable businessmen. Trade relations are reported as fair. Business is active. Payments are reported to be regular and as per commitments. The company can be considered good for normal business dealings at usual trade terms and conditions. It can be regarded as promising business partner in medium to long – run.

NOTES :

Any query related to this report can be made on e-mail : infodept@mirainform.com while quoting report number, name and date.

ECGC Country Risk Classification List – September 30, 2011

Country Name

Previous Rating

(30.06.2011)

Current Rating

(30.09.2011)

India

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
Off-credit	D

LOCATIONS

Registered Office/ Corporate Office :	Cement House, 121, Maharshi Karve Road, Mumbai – 400 020, Maharashtra, India
Tel. No.:	91-22-33024321
Fax No.:	91-22-66317440
E-Mail :	jer.dhondy@acclimited.com Feedback and Assistance: gulnaz.nensey@acclimited.com Enquiries Cement For requirements in Eastern India : kurian.chandapillai@acclimited.com Northern India: Joydeep.mukherjee@acclimited.com Western India: rajivkumar.bimalchand@acclimited.com Southern India: panchanathan.iyer@acclimited.com Ready Mixed Concrete For requirements in Delhi: anil.kulkarni@accconcrete.com Kolkata : sanjay.roy@accconcrete.com Bangalore:prashant.pawar@accconcrete.com Hyderabad: navneet.ghai@accconcrete.com Mumbai: vishal.tandon@accconcrete.com Chennai: ramchander.rao@accconcrete.com Vendor Queries: mahendrakumar.swami@acclimited.com Shareholder queries: sujata.chitre@acclimited.com Krishnan.chidambaram@acclimited.com Investor Grievances: ACC-InvestorSupport@acclimited.com Waste Management: Ulhas.parlikar@acclimited.com Media Queries: nand.kumar@acclimited.com
Website :	http://www.acclimited.com

CEMENT PLANTS :
Factory 1 :	Cement Nagar, PO Bardol, District Bargarh - 768 038, Orissa , India
Tel. No.:	91-6646-246189/ 90
Fax No.:	91-6646-246430

Factory 2 :	P.O. Jhinkpani, District (West) Singhbhum - 833 215, Jharkhand, India
Tel. No.:	91-6589-235300/ 391
Fax No.:	91-6589-235250

Factory 3 :	P.O. Cementnagar, District Chandrapur - 442 502, Maharashtra, India
Tel. No.:	91-7172-285026
Fax No.:	91-7172-285165

Factory 4 :	Madhukunda, P.O. Sunuri, District Purulia - 723 121, West Bengal, India
Tel. No.:	91-3251-272224
Fax No.:	91-3251-272202

Factory 5 :	P.O. Barmana, District Bilaspur - 174 013, Himachal Pradesh, India
Tel. No.:	91-1978-244069/ 31
Fax No.:	91-1978-244067

Factory 6 :	P.O. Jamul Cement Works, District Durg - 490 024, Chhattisgarh, India
Tel. No.:	91-788-2285081-83
Fax No.:	91-788-2282585

Factory 7 :	Kurugodu Road, P.O. Kudithini, District: Bellary - 583 115, Karnataka, India

Factory 8 :	P.O. Kymore, District Katni - 483 880, Madhya Pradesh, India
Tel. No.:	91-7626-272301/ 865
Fax No.:	91-7626-272303

Factory 9 :	P.O. Lakheri, District Bundi - 323 603, Rajasthan, India
Tel. No.:	91-7438-261642
Fax No.:	91-7438-261504

Factory 10 :	P.O. Madukkarai, District Coimbatore - 641 105, Tamilnadu, India
Tel. No.:	91-422-2622282
Fax No.:	91-422-2622282

Factory 11 :	P.O. ACC Colony, District Dhanbad - 828 124, Jharkhand, India
Tel. No.:	91-326-2245120/ 054
Fax No.:	91-326-2245515

Factory 12 :	P.O. Wadi, District Gulbarga - 585 225, Karnataka, India
Tel. No.:	91-8476-202239
Fax No.:	91-8476-202190

Factory 13 :	Madugiri Road, Thondebhavi, Gauribidannur Taluk, District Chikballapur 561 213, Karnataka, India
Tel. No.:	91-8155-288802
Fax No.:	91-8155-288682

Techport :	ACC Thane Complex, L.B.S. Marg, Thane (West) - 400 604, Maharashtra, India
Tel. No.:	91-22-33028000, 39248200

Regional Office :	Located at: v Eastern Region (Kolkata) v Northern Region (New Delhi) v South and Western Region (Pune)

Training Centres :	Located at: v ACC ACL Leadership Academy, Thane v ACC Cement Technology Institute, Jamul v Sumant Moolgaokar Technical Institute, Kymore v ACC School for Technical Skill Development, Wadi

Sales Offices :	Located at: v Asansol v Bangalore v Chennai v Bhopal v Bhubaneswar v Chandigarh v Cochin v Dehradun v Hubli v Mumbai v Nagpur v Pune v Kanpur v Lucknow v New Delhi v Kolkata v Patna v Raipur v Ranchi v Secunderabad

DIRECTORS

As on 31.12.2011

Name :	Mr. N.S. Sekhsaria
Designation :	Chairman

Name :	Mr. Paul Hugentobler
Designation :	Deputy Chairman
Date of Birth/ Age :	14.02.1949
Qualification :	Degree in Civil Engineering from ETH, Zurich; Degree in Economic Science from University of St. Gallen
Date of Appointment :	06.05.2005
List of Directorships held in other Companies :	v Ambuja Cements Limited v ACC Concrete Limited v Holcim (India) Private Limited v Siam City Cement Public Limited v Holcim (Vietnam) Limited v Holcim (Lanka) Limited v Holcim Services (Asia) Limited v Holcim (Malaysia) Limited v Holcim (Singapore) Pte Limited v PT Holcim Indonesia Tbk, Jakarta v Holcim Services (South Asia) Limited

Name :	Mr. Kuldip Kaura
Designation :	Chief Executive Officer and Managing Director
Date of Birth/ Age :	64 Years
Qualification :	BE
Experience :	41 Years
Date of Appointment :	05.08.2010

Name :	Mr. S.M. Palia
Designation :	Director
Date of Birth/ Age :	25.04.1938
Qualification :	B.Com.; LL.B; CAIIB; CIIB (London)
Date of Appointment :	25.01.2002
List of Directorships held in other Companies :	v Tata Steel Limited v GRUH Finance Limited v Saline Area Vitalisation Enterprises Limited v Tata Motors Limited v AI Champdany Industries Limited v The Bombay Dyeing and Manufacturing Company Limited v Jerambhai Management Services Private Limited v Wadhwa Endowment Management Private Limited

Name :	Mr. Naresh Chandra
Designation :	Director

Name :	Mr. Markus Akermann
Designation :	Director

Name :	Mr. M.L. Narula
Designation :	Director
Date of Birth/ Age :	25.10.1940
Qualification :	B.Sc.; Engineering (Electrical) from Punjab University; Fellow, Institute of Engineers
Date of Appointment :	01.04.2007
List of Directorships held in other Companies :	v Everest Industries Limited v Axis Holding Private Limited v Holcim (India) Private Limited v Holcim (Lanka) Limited, Colombo v PT Holcim Indonesia Tbk, Jakarta

Name :	Mr. R.A. Shah
Designation :	Director

Name :	Mr. Shailesh Haribhakti
Designation :	Director

Name :	Mr. Aidan Lynam
Designation :	Director

Name :	Mr. Sushil Kumar Roongta
Designation :	Director

Name :	Mr. Ashwin Dani
Designation :	Director
Date of Birth/ Age :	24.10.1942
Qualification :	BSc (Honours); B.Sc (Tech) (Pigments Paints and Varnishes); Masters Degree in Polymer Science (USA); Diploma in Colour Science (USA)
Date of Appointment :	15.12.2011
List of Directorships held in other Companies :	v Asian Paints Limited v Asian PPG Industries Limited v Gujarat Organics Limited v Hitech Plast Limited v Resins and Plastics Limited v Sun Pharmaceutical Industries Limited v Rangudyan Insurance Broking Services Limited v Geetanjali Trading and Investments Private Limited

KEY EXECUTIVES

Name :	Mr. Burjor Dorab Nariman
Designation :	Company Secretary and Head Compliance

Name :	Mr. Sunil K. Nayak
Designation :	Chief Financial Officer

Name :	A.K. Saxena
Designation :	President - Wadi Cement Cluster

Name :	Mr. Atul Khosla
Designation :	President - Projects

Name :	B. Sherdiwala
Designation :	President - Human Resources

Name :	Mr. Bharat Parekh
Designation :	Head - Capex (CPO)

Name :	J V B Sastry
Designation :	Director - Logistics

Name :	J. Dattagupta
Designation :	Chief Commercial Officer

Name :	Joydeep Mukherjee
Designation :	Director - Sales

Name :	M.K. Mishra
Designation :	Director - Plant

Name :	P.N. Iyer
Designation :	Director - Sales

Name :	R.S. Rathore
Designation :	Director - Plant

Name :	R. Vasudevan
Designation :	Senior Vice President

Name :	Mr. Rajiv Kumar
Designation :	Director - Sales

Name :	Mr. Rajiv Prasad
Designation :	Chief Executive - North Region

Name :	Mr. Rakesh Sinha
Designation :	Director - Plant

Name :	Ramit Budhraja
Designation :	Chief Executive - South West Region

Name :	SA Khadilkar
Designation :	Director - Quality and Product Development

Name :	Mr. Shakti Arora
Designation :	Chief Central Procurement Officer

Name :	Mr. Vivek Chawla
Designation :	Chief Executive - East Region

Name :	Geoffrey Dean Currie
Designation :	Director - OH and S (Employed for Part of the Financial Year)

Name :	T.N. Tiwari
Designation :	Chief Public Affairs Officer (Employed for Part of the Financial Year)

Audit Committee :	Mr. Shailesh Haribhakti, Chairman Mr. S.M. Palia Mr. Naresh Chandra Mr. Paul Hugentobler Mr. Sushil Kumar Roongta

Shareholders’/ Investors’ Grievance Committee :	Mr. Paul Hugentobler, Chairman Mr. M.L. Narula Mr. Kuldip Kaura

Compensation Committee :	Mr. N.S. Sekhsaria, Chairman Mr. Paul Hugentobler Mr. Shailesh Haribhakti

Compliance Committee :	Mr. R A Shah, Chairman Mr. Naresh Chandra Mr. Shailesh Haribhakti Mr. Paul Hugentobler Mr. Kuldip Kaura

CAPEX Committee :	Mr. Paul Hugentobler, Chairman Mr. S.M. Palia Mr. M.L. Narula Mr. Aidan Lynam Mr. Sushil Kumar Roongta Mr. Kuldip Kaura

Managing Committee :	Mr. Kuldip Kaura, Chairman Mr. Sunil Nayak Mr. J. Datta Gupta Mr. Ramit Budhraja Mr. Rajiv Prasad Mr. Vivek Chawla Mr. Shakti Arora

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 31.03.2012

Category of Shareholders	No. of Shares	Percentage of Holding
(A) Shareholding of Promoter and Promoter Group
(1) Indian
Bodies Corporate	93,888,120	50.01
Sub Total	93,888,120	50.01
(2) Foreign
Bodies Corporate	541,000	0.29
Sub Total	541,000	0.29
Total shareholding of Promoter and Promoter Group (A)	94,429,120	50.30
(B) Public Shareholding
(1) Institutions
Mutual Funds / UTI	4,236,414	2.26
Financial Institutions / Banks	17,856,708	9.51
Central Government / State Government(s)	287,815	0.15
Foreign Institutional Investors	34,269,005	18.25
Sub Total	56,649,942	30.17
(2) Non-Institutions
Bodies Corporate	9,730,215	5.18
Individuals
Individual shareholders holding nominal share capital up to Rs.0.100 million	21,962,894	11.70
Individual shareholders holding nominal share capital in excess of Rs.0.100 million	3,315,233	1.77
Any Others (Specify)	1,657,952	0.88
Foreign Nationals	1,130	-
NRIs/OCBs	743,368	0.40
Clearing Members	407,797	0.22
Trusts	119,127	0.06
Custodian	385,965	0.21
Partnership Firms	565	-
Sub Total	36,666,294	19.53
Total Public shareholding (B)	93,316,236	49.70
Total (A)+(B)	187,745,356	100.00
(C) Shares held by Custodians and against which Depository Receipts have been issued	-	-
(1) Promoter and Promoter Group	-	-
(2) Public	-	-
Sub Total	-	-
Total (A)+(B)+(C)	187,745,356	-

BUSINESS DETAILS

Line of Business :

manufacturer of Cement and Concrete.

Products :

Item Code No. (ITC Code)	252300
Product Description	Cement

PRODUCTION STATUS (AS ON 31.12.2011)

Particulars	Unit	Installed/Rated Capacity	Actual Production
Cement	Lakh Tonnes	286.83	234.60

Licensed Capacity per annum not indicated due to the abolition of Industrial Licences as per Notification No.477 (E) dated July 25, 1991 issued under The Industries (Development and Regulation) Act, 1951.

GENERAL INFORMATION

No. of Employees :

About 9000 (Approximately)

Bankers :

v State Bank of India

v Citibank, N.A.

v The Hongkong and Shanghai Banking Corporation Limited

v Banking Corporation Limited

v HDFC Bank Limited

v ICICI Bank Limited

Facilities :

Secured Loans	31.12.2011 Rs. In Millions	31.12.2010 Rs. In Millions
PRIVATELY PLACED NON - CONVERTIBLE DEBENTURES *Secured by a charge on all movable and immovable assets under the Debenture Trust Deed
(a) 2,000 (Previous Year 2,000) 11.30% Non-Convertible Debentures of Rs.1.000 million each redeemable at par on December 09, 2013	2000.000	2000.000
(b) 3,000 (Previous Year 3,000) 8.45% Non-Convertible Debentures of Rs.1.000 million each redeemable at par on October 07, 2014	3000.000	3000.000
Cash credit facility from Bank *Secured by Hypothecation of inventory and books debts	0.000	99.300
Total	5000.000	5099.300

* The mortgage/charges indicated in above rank pari-passu inter-se and are subject to the prior charges in favour of the Company’s Bankers on specific movable assets for securing working capital requirements / guarantee facilities.

Unsecured Loans	31.12.2011 Rs. In Millions	31.12.2010 Rs. In Millions
Long - Term Loans
Deferred payment Liability – IDCOL {Due within one year Rs.32.400 millions (Previous Year – Rs.32.400 millions)} [Comprises Rs.65.000 millions (Previous Year – Rs.81.200 millions) payable to the Industrial Development Corporation of Orissa Limited (IDCOL) in eight equal annual installments without interest or penalty. The fifth installment was due for payment on December 22, 2011.]	65.000	81.200
Deferred Sales Tax Loans {Due within one year Rs.14.100 millions (Previous Year – Rs.14.100 millions)}	42.300	57.700
Total	107.300	138.900


Banking Relations :	--

Auditors :
Name :	S.R. Batliboi and Associates Chartered Accountants
Address :	Mumbai, Maharashtra, India

Cost Auditor :	N.I. Mehta and Company Chartered Accountants

Ultimate Holding Company :	v Holcim Limited

Holding Company of Holcim (India) Private Limited :	v Holderind Investments Limited

Holding Company :	v Holcim (India) Private Limited* v Ambuja Cement India Private Limited* *During the current year Ambuja Cement India Private Limited has amalgamated with Holcim (India) Private Limited.

Subsidiary Companies :	v Bulk Cement Corporation (India) Limited v ACC Mineral Resources Limited v Lucky Minmat Limited v ACC Concrete Limited Head Office Address: ACC Complex, Near Teen Haath Naka, Lal Bahadur Shastri Marg, Thane (West) - 400 604, Maharashtra, India Tel. No.: 91-22-33027545 Fax No.: 91-22-25838415 v National Limestone Company Private Limited v Encore Cement and Additives Private Limited (w.e.f. Jan 28, 2010)
	v
Associate Companies :	v Alcon Cement Company Private Limited v Asian Concretes and Cements Private Limited (w.e.f. April 01, 2010)

Fellow Subsidiaries :	v Ambuja Cements Limited v Holcim Group Support Limited v Holcim (Singapore) Pte Limited v Holcim Trading FZCO v Holcim (Lanka) Limited v P T Holcim Indonesia Tbk v Holcim Services (South Asia) Limited v Siam City Cement Public Company Limited v Holcim (Bangladesh) Limited v Holcim (Canada) INC v Holcim (Vietnam) Limited v Holcim Environment Services SA v Holcim (Malaysia) SDN BHD v Holcim (US) INC v Holcim Philippines

Entity controlled by Holcim Limited :	v Holcim Foundation

CAPITAL STRUCTURE

As on 31.12.2011

Authorised Capital :

No. of Shares	Type	Value	Amount
225000000	Equity Shares	Rs.10/- each	Rs.2250.000 millions
100000000	Preference Shares	Rs.10/- each	Rs.1000.000 millions
	Total		Rs.3250.000 millions

Issued Capital :

No. of Shares	Type	Value	Amount
188793243	Equity Shares	Rs.10/- each	Rs.1887.900 millions

Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
187745356	Equity Shares	Rs.10/- each	Rs.1877.500 millions
	Add: 384060 Equity Shares of Rs.10 each Forfeited - Amount Paid		Rs.2.000 millions
	Total		Rs.1879.500 millions

Notes:

Out of the above

6072640 Equity Shares of Rs.10 each, fully paid were issued for consideration other than cash pursuant to contracts.

91952080 Equity Shares of Rs.10 each, fully paid were issued by way of Bonus Shares by utilisation of Securities Premium and Reserves.

93888120 Equity shares are held by Holcim (India) Private Limited, the holding company and 541000 equity shares are held by Holderind Investments Limited, Mauritius, both these Companies are subsidiaries of Holcim Limited, Switzerland, the ultimate holding company.

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS		31.12.2011	31.12.2010	31.12.2009
SHAREHOLDERS FUNDS
1] Share Capital		1879.500	1879.500	1879.400
2] Share Application Money, pending allotment		0.000	0.000	0.800
3] Reserves & Surplus		70043.200	62815.400	58282.000
4] (Accumulated Losses)		0.000	0.000	0.000
NETWORTH		71922.700	64694.900	60162.200
LOAN FUNDS
1] Secured Loans		5000.000	5099.300	5500.000
2] Unsecured Loans		107.300	138.900	169.200
TOTAL BORROWING		5107.300	5238.200	5669.200
DEFERRED TAX LIABILITIES		5183.600	3615.300	3492.500

TOTAL		82213.600	73548.400	69323.900

APPLICATION OF FUNDS

FIXED ASSETS [Net Block]		62075.300	50824.400	41582.900
Capital work-in-progress (including Capital Advances)		4353.200	15628.000	21562.100

INVESTMENT		16249.500	17026.700	14756.400
DEFERRED TAX ASSETS		0.000	0.000	0.000

CURRENT ASSETS, LOANS & ADVANCES
	Inventories	10997.000	9149.800	7789.800
	Sundry Debtors	2604.100	1782.800	2037.000
	Cash & Bank Balances	16525.600	9800.300	7463.800
	Other Current Assets	150.100	561.200	109.900
	Loans & Advances	5902.600	6239.400	5161.100
Total Current Assets		36179.400	27533.500	22561.600
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	19304.600	16163.800	14087.100
	Other Current Liabilities	6799.000	6341.700	5552.000
	Provisions	10540.200	14958.700	11500.000
Total Current Liabilities		36643.800	37464.200	31139.100
Net Current Assets		(464.400)	(9930.700)	(8577.500)

MISCELLANEOUS EXPENSES		0.000	0.000	0.000

TOTAL		82213.600	73548.400	69323.900

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.12.2011	31.12.2010	31.12.2009
	SALES
		Sale of Products and Services (Net)	94386.600	77173.300	80272.000
		Other Operating Income	2216.300	2584.500	1637.000
		Other Income	1919.100	984.800	767.200
		TOTAL (A)	98522.000	80742.600	82676.200

Less	EXPENSES
		Purchase of Trading cement	1697.800	1176.300	931.600
		Manufacturing and other expenses	75697.900	60457.200	54536.800
		TOTAL (B)	77395.700	61633.500	55468.400

Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		21126.300	19109.100	27207.800

Less	INTEREST EXPENSES (D)		969.100	567.800	843.000

	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		20157.200	18541.300	26364.800

Less/ Add	DEPRECIATION/ AMORTISATION (F)		4753.000	3926.800	3420.900

	PROFIT BEFORE TAX (E-F) (G)		15404.200	14614.500	22943.900

Less	TAX (H)		2151.600	3414.400	6876.600

	PROFIT AFTER TAX (G-H) (I)		13252.600	11200.100	16067.300

Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		33814.100	32038.500	24779.100

Less	APPROPRIATIONS
		Interim Dividend	2065.200	1877.500	1877.000
		Proposed Final Dividend	3191.700	3848.800	2440.600
		Dividend Distribution Tax	852.800	951.000	733.800
		Previous Year Dividend Distribution Tax	(14.900)	(9.300)	0.000
		Transfer to General Reserve	2500.000	2500.000	3500.000
		Transfer to Debenture Redemption Reserve	250.000	250.000	250.000
		Transfer to Amortisation Reserve	6.500	6.500	6.500
	BALANCE CARRIED TO THE B/S		38215.400	33814.100	32038.500

	EARNINGS IN FOREIGN CURRENCY
		Consultancy Services	138.400	518.300	553.600
	TOTAL EARNINGS		138.400	518.300	553.600

	IMPORTS
		Raw Materials	1050.700	1340.900	1279.500
		Stores & Spare Parts	764.500	545.000	854.700
		Coal	2001.300	2906.000	1518.300
		Capital Goods	213.800	294.100	1855.500
	TOTAL IMPORTS		4030.300	5086.000	5508.000

	Earnings Per Share (Rs.)
	- Basic		70.59	59.66	85.60
	- Diluted		70.42	59.52	85.42

QUARTERLY RESULTS

PARTICULARS			31.03.2012
Type			1^st Quarter
Net Sales			28890.900
Total Expenditure			22441.700
PBIDT (Excl OI)			6449.200
Other Income			659.700
Operating Profit			7108.900
Interest			316.200
Exceptional Items			(3353.800)
PBDT			3438.900
Depreciation			1305.400
Profit Before Tax			2133.500
Tax			579.800
Provisions and contingencies			0.000
Profit After Tax			1553.700
Extraordinary Items			0.000
Prior Period Expenses			0.000
Other Adjustments			0.000
Net Profit			1553.700

KEY RATIOS

PARTICULARS		31.12.2011	31.12.2010	31.12.2009
PAT / Total Income	(%)	13.45	13.87	19.43

Net Profit Margin (PBT/Sales)	(%)	16.32	18.94	28.58

Return on Total Assets (PBT/Total Assets}	(%)	15.68	18.65	35.77

Return on Investment (ROI) (PBT/Networth)		0.21	0.23	0.38

Debt Equity Ratio (Total Liability/Networth)		0.58	0.66	0.61

Current Ratio (Current Asset/Current Liability)		0.99	0.73	0.72

LOCAL AGENCY FURTHER INFORMATION

Check List by Info Agents	Available in Report (Yes / No)
1) Year of Establishment	Yes
2) Locality of the firm	Yes
3) Constitutions of the firm	Yes
4) Premises details	No
5) Type of Business	Yes
6) Line of Business	Yes
7) Promoter’s background	Yes
8) No. of employees	Yes
9) Name of person contacted	No
10) Designation of contact person	No
11) Turnover of firm for last three years	Yes
12) Profitability for last three years	Yes
13) Reasons for variation <> 20%	--
14) Estimation for coming financial year	No
15) Capital in the business	Yes
16) Details of sister concerns	Yes
17) Major suppliers	No
18) Major customers	No
19) Payments terms	No
20) Export / Import details (if applicable)	No
21) Market information	--
22) Litigations that the firm / promoter involved in	--
23) Banking Details	Yes
24) Banking facility details	Yes
25) Conduct of the banking account	--
26) Buyer visit details	--
27) Financials, if provided	Yes
28) Incorporation details, if applicable	Yes
29) Last accounts filed at ROC	Yes
30) Major Shareholders, if available	No

FOREWORD:

2011 was a challenging year for the national economy, industrial production slowed down and the overall performance of the cement sector was also below expectation.

The cement sector saw a demand growth of ~ 6% in 2011 over 2010, whereas the Company ended the year 2011 with a growth of ~11.5% in sales volumes. The successful ramp up of expansion projects at Wadi and Chanda during 2011, helped the Company with the much needed volume and took the Company’s total sales to 23.73 million tonnes. The cement sector witnessed major escalations in cost of raw materials especially in respect of coal. Hikes in petroleum costs led to increased freight costs. Owing to increased input costs, the cement sector’s profitability margins declined.

In 2012, cement consumption is expected to be robust. Economic development will accelerate as India plans to invest ~ USD 1 trillion in infrastructure in the twelfth Five Year Plan period and the cement industry is well placed to meet this demand. However, prices are expected to remain under pressure across regions in view of steep escalations in the cost of major inputs.

HIGHLIGHTS OF PERFORMANCE:

v Cement despatches were 23.68 million tones during the year as compared to 21.17 million tones during 2010;

v Consolidated income for the year was Rs.104280.000 millions, an increase of 21% as compared to Rs.86190.000 millions in 2010;

v Consolidated profit before tax increased in 2011 to Rs.15050.000 millions against Rs.14150.000 millions in 2010;

v Consolidated profit after tax was higher in 2011 at Rs.13010.000 millions against Rs.10780.000 millions in 2010.

ECONOMIC SCENARIO AND OUTLOOK

The year ended with softening of inflation and interest rates which augured well for better growth prospects of the economy. This trend would benefit infrastructure, construction and real estate sectors which would in turn spur demand growth in the cement sector.

The economy is expected to grow at a healthy pace in the medium to long term due to its strong fundamentals and steady domestic consumption.

A normal monsoon, coupled with improving rural incomes and investments in infrastructure should give a boost to cement demand in 2012.

CEMENT INDUSTRY OUTLOOK AND OPPORTUNITIES:

During 2011, the Cement Industry added ~30 million tonnes of capacity taking its installed capacity to 290 million tonnes. Subdued demand conditions led to capacity utilization falling below 80%. The demand for cement is expected to grow at 10% over 2011 and capacity addition to increase at around 8% year-on-year. A lower utilization rate coupled with increase in cost of raw materials and increasing logistics costs are likely to keep overall prices under pressure in all regions. Pressure on costs will continue to mount mainly on account of increases in the cost of domestic coal and owing to the volatility in costs of imported coal.

SUSTAINABLE DEVELOPMENT:

Alternative Fuels and Raw Materials (AFR)

The Company continued in its endeavour to promote co-processing as an effective waste management solution for a number of industries. Several new waste streams were added during the year including from industrial sectors such as petroleum, pulp and paper and packaging. The use of biomass as a renewable source of energy registered a significant increase during the year. Special efforts were taken to serve the waste management needs of society by co-processing segregated combustibles from municipal solid waste (MSW) of a number of cities and townships in the proximity of their larger cement plants. The Holcim group’s global waste management brand, Geocycle, was unveiled in India. Consequently, all activities of the Company’s AFR Department relating to promotion and advocacy of waste management through co-processing in cement kilns would hereafter be carried out under the Geocycle banner.

Renewable Energy

ACC has been pursuing the scope of widening the usage of renewable energy in applications where currently fossil based energy is being used.

Waste Heat Recovery System: The Company has under implementation, a project at the Gagal plant to produce power through waste heat recovery. This waste heat recovery system is capable of generating ~45 million units of power per year of green energy, thereby reducing ~37,000 tonnes of CO2 per year.

Wind Energy: Wind power generation during the year from the total installed capacity of 19 MW was 38.89 million units. The wind power generated has been used to substitute part of the fossilbased energy usage at Madukkarai, Lakheri, Thane Office and the Bulk Cement Terminal at Kalamboli.

Rain water harvesting: Rain water harvesting was taken up in barren and vacant land available in limestone mines, factory and colony areas across the Company.

Solar Energy: Solar energy is generated throughout the year from 27 KW capacity of PV panels installed at ACC Corporate Office, Thane Office and at the Chanda Control room.

COMMUNITY DEVELOPMENT:

The Company continued to engage with the local communities by encouraging their active involvement in various development and welfare schemes. Community Advisory Panels at plant locations enabled a participatory approach in setting priorities for their own development schemes. Local entrepreneurship was promoted through Self Help Groups (SHG) for creating opportunities for sustainable livelihood among unemployed youth through skill development, vocational guidance, training in computer operation and applications, bridge education and scholarship programmes. Their plants also assisted local communities with projects in the areas of drinking water, water conservation and management, rain water harvesting, health and family planning camps and insurance schemes for truck drivers associated with their plants.

Their plants engaged with Village Support Groups and NGO’s to enhance the reach and effectiveness of their schemes. The effectiveness of their programmes was assessed through Social Engagement Surveys carried out at different plant locations based on feedback from stakeholders.

FINANCE:

The Company’s cash and cash equivalent as at December 31, 2011 was Rs.28320.000 millions. The Company continues to focus on judicious management of its net working capital. Receivables, inventories and other working capital parameters are kept under strict check through continuous monitoring. The Company’s debt program continues to enjoy `AAA’ rating from CRISIL. During the year, the consortium arrangement for meeting working capital requirements was discontinued and the Company opted for multiple banking arrangements.

MERGER OF ENCORE CEMENT AND ADDITIVES PRIVATE LIMITED, LUCKY MINMAT LIMITED AND NATIONAL LIMESTONE COMPANY PRIVATE LIMITED:

During the year, the Company made an application to the Honorable High Court of Judicature at Bombay for approval to a Scheme of Amalgamation of three of the Company’s wholly owned subsidiaries viz. Encore Cement and Additives Private Limited, Lucky Minmat Limited and National Limestone Company Private Limited. The amalgamation process is currently in progress. The amalgamation of the said three subsidiaries would enable the Company to utilize the resources of the said subsidiaries to further augment its cement business and would also go towards reducing the overheads and other common expenses.

SUBSIDIARY COMPANIES

ACC Concrete Limited (ACCCL)

The sales volumes of ACC Concrete Limited (ACCCL) were in line with the previous year. Despite this, sales revenue increased by 12.9%. The market in the Company’s main serviceable areas grew by 3% from 19 million cubic metres to 19.7 million cubic metres with the total Ready Mixed Concrete (RMX) market growing by ~7%. However, this growth was witnessed in the first half year with the latter part of the year showing signs of stagnation. During the year, the Company continued to focus on consolidating its position by increasing volumes from its existing plants and through on-site projects and franchised operations.

Operational EBITDA losses were reduced to Rs.50.500 millions in 2011 from a level of Rs.78.800 millions in 2010 through systematic management of costs and productivity improvement.

During the year, the Company increased its Authorised, Subscribed and Paid-Up Share Capital from Rs.2000.000 millions to Rs.2500.000 millions by the issue and allotment of 5,00,00,000 Equity Shares of the face value of Rs.10 each for cash at par to subject.

The outlook for the construction sector in 2012 still remains moderate and RMX volumes are expected to come from infrastructure, industrial and retail sectors, while demand from commercial and residential sectors is expected to be low.

The Company is making vigorous efforts to extend its customer focus by providing a total solution concept and leveraging the cement sales network.

Bulk Cement Corporation (India) Limited (BCCI)

During the year, BCCI handled a cement volume of 9.34 lakh tonnes as compared to 9.18 lakh tonnes achieved in 2010. The profit after tax for the year 2011 is Rs.6.835 millions as against Rs.3.883 millions in the year 2010.

BOARD OF DIRECTORS:

Mr. N S Sekhsaria (Chairman):

Mr. N S Sekhsaria is a doyen of the Indian Cement Industry and one of the most respected business personalities in India. In a career spanning over 30 years, he has introduced new standards in management, marketing, efficiency and corporate social responsibility to an industry he has helped transform.

Mr. Sekhsaria is the Founder-Promoter and current Chairman of Ambuja Cements Limited. Mr. Sekhsaria was invited to join the ACC Board in 1999 and was appointed Deputy Chairman in January 2000. In 2006, Mr. Sekhsaria took over as Chairman of the Board.

Mr. Sekhsaria built Ambuja Cements Limited into a benchmark for Indian Industry. His acumen as an entrepreneur and technocrat turned that Company into the most efficient and profitable cement company in India and redefined industry practices by changing the perception of cement from a commodity to a branded product. Mr. Sekhsaria championed community development by establishing the Ambuja Cement Foundation and guiding it into a model of excellence in social responsibility.

With his considerable wealth of experience, Mr. Sekhsaria brings immense value to the Board of ACC. Under his leadership, ACC has achieved significant improvements in the areas of project management, logistics and overall cost-competitiveness. The impact of this guidance shows in the high growth trajectory ACC has experienced since 1999.

Mr. Paul Hugentobler (Deputy Chairman):

Mr. Paul Hugentobler obtained a degree in Civil Engineering from the ETH, Zurich, and a degree in Economic Science from the University of St. Gallen. He joined Holcim Group Support in 1980 as Project Manager and in 1994 was appointed as Area Manager for Holcim Limited. From 1999 until 2000, he also served as CEO of Siam City Cement, Bangkok, Thailand. He has been a Member of the Executive Committee since January 1, 2002 with the responsibility for South Asia and ASEAN excluding Philippines. He is the Vice Chairman of Ambuja Cements Limited.

Mr. Kuldip Kaura (CEO and MD):

Mr. Kuldip Kaura holds a degree in Mechanical Engineering, BE (Hons.) from Birla Institute of Technology and Science (BITS), Pilani and has also attended various Executive Education Programmes at London Business School and Swedish Institute of Management, Stockholm. Mr. Kaura has rich experience in leading businesses and companies in diverse sectors such as power, natural resources, metals, mining etc. and has deep understanding of Corporate Governance, brand building and Sustainable Development in India, U.K. and U.S. Regulatory Environment. He has served in senior capacities with various reputable companies including as Chief Executive Officer with Vedanta Resources Plc till 2008.

Mr. S M Palia: B. Com., LL. B, CAIIB, CIIB (London).

Mr. Palia is a Development Banker by profession. He was with IDBI from 1964-1989 during which period he held various responsible positions including that of Executive Director. He has also acted as an Advisor to Industrial Bank of Yemen, Saana (North Yemen) and Industrial Bank of Sudan, Khartoum (Sudan) under World Bank assistance programmes. He was also the Managing Director of Kerala Industrial and Technical Consultancy Organization Limited, set up to provide consultancy service to micro, small and medium enterprises. He is a Director on the Boards of leading companies viz. Tata Steel Limited, Tata Motors Limited, The Bombay Dyeing and Manufacturing Company Limited. He is the Chairman- Emeritus of Rashtriya Gramin Vikas Nidhi and a Trustee of Bombay Community Public Trust.

Mr. Naresh Chandra, IAS (Retired):

Mr. Naresh Chandra is a post graduate in mathematics from Allahabad University. He was a former Cabinet Secretary to the Government of India and was the Governor of the State of Gujarat. He was also India's Ambassador to the United States of America. He has served on numerous important Committees including as Chairman of Corporate Governance Committee instituted by the Government of India. Mr. Naresh Chandra, was Chairman of Committee of Civil Aviation Policy, Ministry of Civil Aviation. He is a Director on the Boards of various companies. He is the recipient of Padma Vibhushan from the Government of India.

Mr. Markus Akermann:

Mr Markus Akermann obtained a degree in Business Economics from the University of St. Gallen in 1973 and studied Economics and Social Sciences at the University of Sheffield, U.K. He began his professional career in 1975 with the former Swiss Bank Corporation. In 1978, he joined Holcim Limited where he was active in a number of roles including Area Manager for Latin America and Holcim Trading. In 1993, he was appointed to the Executive Committee with responsibility for Latin America and international trading activities. He was appointed Chief Executive Officer of Holcim Limited in 2002.

Mr. M L Narula:

B.Sc. Engineering (Electrical). Graduate from Punjab University and Fellow, Institute of Engineers, Mr. Narula has been closely associated with the Company for over 45 years in various senior positions at plants and in the Corporate Office including that of Managing Director of the Company from December 1, 2002 till his retirement on March 31, 2007. Mr Narula has vast experience and in depth knowledge of the Cement Industry. He is presently a Non Executive Director on the Company's Board with effect from April 1, 2007. Mr. Narula is also a Director on the Boards of other Indian and Foreign Companies and is a Senior Advisor to Holcim Group Support Zurich, Switzerland.

Mr. R A Shah:

Mr. R A Shah is a leading Solicitor and a Senior Partner of M/s Crawford Bayley and Co., a firm of Advocates and Solicitors. He specializes in a broad spectrum of corporate laws in general, with special focus on Foreign Investments, Joint Ventures, Technology and Licence Agreements, Intellectual Property Rights, Mergers and Acquisitions, Industrial Licensing, Anti Trust Laws, Company Law and Taxation. He is a Director on the Board of various public limited companies and is Chairman of the Board in many of these companies. He is also on the Audit Committee of some of the companies on which he is a Director.

Mr. Shailesh Haribhakti:

Fellow Chartered Accountant. Mr. Shailesh Haribhakti is the Managing Partner of Haribhakti and Co, Chartered Accountants and Chairman of BDO Consulting Private Limited He served a three year term on the Standards Advisory Council of the International Accounting Standards Board. He is a Committee Member of Futures and Options segment of National Stock Exchange of India Limited and was a Member of the SEBI Committee on Disclosures and Accounting Standards. He serves as Member of Managing Committees of ASSOCHAM and IMC, Corporate Governance Committees of ASSOCHAM and CII and is Chairman of the Energy and Environment Committee of IMC. He is on the Board of Directors of several listed and private companies.

Mr. Aidan Lynam:

Mr. Aidan Lynam holds a degree in Engineering from the University College of Dublin and an MBA from IMD, Lausanne, Switzerland. In addition to the above, Mr. Lynam is a Member of the Institute of Engineers in Ireland (M.I.E.I), Chartered Member of the British Institute of Manufacturing Engineers (C.Eng M.I.E.E.).

Mr. Lynam is presently in the services of Holcim Limited and is Area Manager responsible for Vietnam, Sri Lanka, Bangladesh, Singapore, Malaysia and Cambodia. Mr Lynam also represents South Asia/ ASEAN region for IT shared services (HSEA), Geocycle and OH&S Core Group.

Mr. Sushil Kumar Roongta: Mr. Roongta holds a degree in Bachelor of Engineering from Birla Institute of Technology and Science (BITS), Pilani and a Post Graduate Diploma in Business Management - International Trade from the Indian Institute of Foreign Trade (IIFT), New Delhi. He is a Fellow of All India Management Association (AIMA).

Mr. Roongta is presently the Managing Director of Vedanta Aluminium Limited. He was also the Executive Chairman of Steel Authority of India Limited (SAIL), which position he held till his retirement from that Company. Under his leadership, SAIL achieved new benchmarks in operational and financial performance and was ranked the second among "World Class Steel Makers" by World Steel Dynamics, USA. SAIL was conferred the status of "Maharatna" by the Government of India in 2010 being one of the four PSUs to be awarded this status.

Mr. Roongta was on the Governing Boards of reputable academic institutions, and is on certain Committees constituted by the Government of India and Chambers of Commerce and Industry.

Mr. Roongta is a recipient of a number of awards including SCOPE Award for excellence and outstanding contribution to the Public Sector Management - Individual Category 2008.

Mr. Ashwin Dani (appointed w.e.f. 15.12.2011): Mr. Dani completed his BSc (Hons.) from Institute of Science, University of Bombay and BSc (Tech) (Pigments, Paints and Varnishes) from U.D.C.T., University of Bombay. He holds Masters Degree in Polymer Science from University of Akron, Akron, Ohio, USA and Diploma in Colour Science from Rensellaer Polytechnic, Troy, New York.

Mr. Dani started his career in 1967, as a Development Chemist with Inmont Corp., (now known as BASF) Detroit, USA, a major supplier of automotive OEM and refinishes. He joined Asian Paints in 1968 as Senior Executive and moved through successive senior positions like Director - R and D, Works Director, Whole-time Director and Vice Chairman and Managing Director. He is currently the Vice Chairman of Asian Paints Limited. Mr Dani was instrumental in setting up a 50:50 Joint Venture between Asian Paints Limited and PPG Industries Inc., USA, the world leading manufacturers of automotive coatings. The Indian Company operates under the name "Asian PPG Industries Limited". Mr Dani has been a member on the Board of that Company since its inception. Mr. Dani is also a member on the Board of Sun Pharmaceutical Industries Limited, one of the leading pharmaceutical companies in the country. He was a Member of the Central Board of Trustees – Employees Provident Fund of the Government of India.

Among other positions that Mr. Dani currently holds are Chairman - Resins and Plastics Limited, Chairman – Gujarat Organics Limited and Chairman - Hi-Tech Plast Limited. Mr. Dani is one of the two founder members of Colour Group of India, a body dedicated to the promotion of computerized colour matching and measurement of colour by instruments and computers. He was Vice President of the Federation of Indian Chambers of Commerce and Industry (FICCI), New Delhi, during the year 2010-2011.

Mr. Dani was the recipient of the prestigious Ernst and Young Entrepreneur of the year award in the Manufacturing' category in November 2003, recipient of the "Cheminor Award" from the Indian Institute of Materials Management for excellence in Supply Chain and recipient of "Achiever of the Year Award – Chemical Industry" by the Chemtech Foundation.

CONTINGENT LIABILITIES NOT PROVIDED FOR: (AS ON 31.12.2011)

a) Guarantee given on behalf of subsidiary companies to the extent of Rs.0.800 million.

b) Indemnity, Guarantee/s given to Banks/Financial Institutions, Government Bodies and others Rs.1779.100 millions.

c) Sales Tax, Excise Duties and Other Dues Rs.1010.300 millions.

In respect of item (c) future cash outflows in respect of contingent liabilities are determinable only on receipt of judgments pending at various forums / authorities.

d) The Company had filed petitions against the orders / notices of various authorities demanding Rs.1697.500 millions towards payment of additional Royalty on Limestone based on the ratio of 1.6 tonnes of Limestone to 1 tonne of Cement produced at its factories in Madhya Pradesh and Chattisgarh and on cement produced vis a vis consumption of limestone at its factory in Tamilnadu. The Company holds the view that the payment of royalty on limestone is correctly made based on the actual quantity of limestone extracted from the mining area.

The Company has also received a demand resulting in a liability of Rs.590.600 millions towards payment of additional Royalty on Limestone based on the ratio of 1.4 tonnes of Limestone to 1 tonne of Clinker for one of its plant in the state of Karnataka. The Company has conducted studies to establish the quantity of Limestone consumed in the manufacture of Clinker at this plant and royalty payments towards Limestone are in accordance with such consumption ratios. In view of these demands being legally unjustifiable, the Company does not expect any liability in these matters.

STANDALONE UNAUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED MARCH 31, 2012

(Rs. in millions)

Particulars	Quarter Ended 31.03.2012 (Unaudited)
1. Income from operations
a) Net Sales / Income from operations (Net of excise duty)	28602.200
b) Other Operating Income	288.700
Total Income from operations (net)	28890.900

2. Expenditure
a) Cost of materials consumed	3936.000
b) Purchases of stock-in-trade	376.300
c) Changes in inventories of finished goods, work-in-progress and stock-in-trade	251.900
d) Employee benefits expense	1299.500
e) Depreciation and Amortisation expense (Note – 2)	1305.400
f) Power and Fuel	6763.000
g) Outward Freight charges on Cement etc.	4267.800
h) Other expenses	5547.200
Total Expenses	23747.100

3. Profit from operations before other income, finance costs and exceptional Items (1-2)	5143.800
4. Other income	659.700
5. Profit before ordinary activities before finance costs and exceptional Items (3+4)	5803.500
6. Finance Costs	316.200
7. Profit from ordinary activities after finance costs but before exceptional Items (5-6)	5487.300
8. Exceptional Items (Note – 2)	3353.800
9. Profit from Ordinary Activities before tax (7-8)	2133.500
10. Tax expense (Note – 5)	579.800
11. Net Profit from Ordinary Activities after tax (9-10)	1553.700
12. Paid up equity share capital (Face value per share Rs.10/-)	1879.500
13. Reserves excluding revaluation reserves as per balance sheet of previous accounting year	--
14. Earning per share (EPS)
a) Basic (Rs.)	8.28
b) Diluted (Rs.)	8.26
A. PARTICULARS OF SHAREHOLDING
1. Public shareholding
- Number of shares	93316236
- Percentage of shareholding	49.70%

2. Promoters and Promoters group Shareholding
a) Pledged /Encumbered
- Number of shares	--
- Percentage of shares (as a % of total shareholding of the promoter and promoter group)	--
- Percentage of shares (as a % of total share capital of the company)	--

b) Non Encumbered
- Number of shares	94429120
- Percentage of shares (as a % of total shareholding of the promoter and promoter group)	100%
- Percentage of shares (as a % of total share capital of the company)	50.30%

Particulars	Quarter ended 31.03.2012
B. INVESTOR COMPLAINTS
Pending at the beginning of the quarter	Nil
Received during the quarter	14
Disposed of during the quarter	13
Remaining unresolved at the end of the quarter	1

Notes:

1. The unaudited results for the quarter ended March 31, 2012 have been subjected to a limited review by the statutory auditors. These results have been reviewed by the audit committee and have been approved by the Board of Directors of the Company at its meeting held on April 19, 2012 and the text of this statement was also taken on record,

2. During the current quarter, the Company has retrospectively changed its method of providing depreciation on fixed assets pertaining to Captive Power Plants from the 'Straight Line' to the 'Written Down Value' at the rates prescribed in Schedule XIV to the Companies Act, 1956 This change will result in a more appropriate presentation and will give a systematic basis of deprecation charge, representative of the time pattern in which the economic benefits flow to the Company. Accordingly, the Company has recognized an additional depreciation charge of Rs.3413.000 millions. Amount relating to earlier years of Rs.3353.800 millions has been disclosed as an exceptional item.

The profit after tax for the current quarter would have been higher by Rs.2305.600 millions, if the Company continued to use the earlier method of deprecation.

3. The Board of Directors have approved amalgamation of ACC Concrete Limited wholly owned subsidiary with the Company with effect from January 01, 2012

4. The Company has only one business segment "Cement"

5. The Tax Expense for the Quarter Ended December 31, 2011 includes adjustment of credit Rs.2279.700 millions arising from reversal of tax provision related to earlier assessment years.

6. Other operating income for the quarter ended March 31, 2011 includes Rs.152.300 millions and for the year ended December 31, 2011 Rs.769.300 millions for incentive and sales tax written back pertaining to earlier years.

Quarter ended 31.03.2012

(Unaudited)

- Basic (Rs.)

20.34

- Diluted (Rs.)

20.29

8. Figures for the previous period have been restated/ reclassified wherever necessary to conform to the current period’s presentation.

9. The figures of the quarter ended December 31, 2011 are the balancing figures between audited figures in respect of the full financial year up to December 31.2011 and the unaudited published year-to-date figures up to September 30, 2011 being the date of the end of the third quarter of the financial year

FIXED ASSETS:

Tangible Assets:

v Freehold Land

v Leasehold Land

v Buildings

v Plant and Machinery

v Roads, Bridges and Fences

v Railway Sidings

v Rolling Stock

v Furniture, Fixtures and Equipments

v Vehicles

Intangible Assets:

v Computer Software

v Mining Right

WEBSITE DETAILS:

CORPORATE PROFILE

Subject is India's foremost manufacturer of cement and concrete. Subject's operations are spread throughout the country with 16 modern cement factories, more than 40 Ready mix concrete plants, 21 sales offices, and several zonal offices. It has a workforce of about 9,000 persons and a countrywide distribution network of over 9,000 dealers.

Since inception in 1936, the company has been a trendsetter and important benchmark for the cement industry in many areas of cement and concrete technology. Subject has a unique track record of innovative research, product development and specialized consultancy services. The company's various manufacturing units are backed by a central technology support services centre - the only one of its kind in the Indian cement industry.

Subject has rich experience in mining, being the largest user of limestone. As the largest cement producer in India, it is one of the biggest customers of the domestic coal industry, of Indian Railways, and a considerable user of the country’s road transport network services for inward and outward movement of materials and products.

Among the first companies in India to include commitment to environmental protection as one of its corporate objectives, the company installed sophisticated pollution control equipment as far back as 1966, long before pollution control laws came into existence. Today each of its cement plants has state-of-the art pollution control equipment and devices.

Subject plants, mines and townships visibly demonstrate successful endeavours in quarry rehabilitation, water management techniques and ‘greening’ activities. The company actively promotes the use of alternative fuels and raw materials and offers total solutions for waste management including testing, suggestions for reuse, recycling and co-processing.

Subject has taken purposeful steps in knowledge building. They run two institutes that offer professional technical courses for engineering graduates and diploma holders which are relevant to manufacturing sectors such as cement. The main beneficiaries are youth from remote and backward areas of the country.

Subject has made significant contributions to the nation building process by way of quality products, services and sharing expertise. Its commitment to sustainable development, its high ethical standards in business dealings and its on-going efforts in community welfare programmes have won it acclaim as a responsible corporate citizen. ACC’s brand name is synonymous with cement and enjoys a high level of equity in the Indian market. It is the only cement company that figures in the list of Consumer SuperBrands of India.

MILESTONES:

1936: Incorporation of the Associated Cement Companies Limited on August 1, 1936.

1936: First Board Meeting of the Associated Cement Companies Limited held at Esplanade House, Mumbai on November 10, 1936.

1937: With the transfer of the 10th company to ACC, viz. Dewarkhand Cement Company, the formation of ACC is complete on October 23, 1937.

1944: ACC’s first community development venture near Bombay

1947: India’s first entirely indigenous cement plant established at Chaibasa in Bihar

1952: Village Welfare Scheme launched

1955: Sindri cement works used the waste product calcium carbonate sludge from fertilizer factory at Sindri.

1956: Bulk Cement Depot established at Okhla, Delhi

1957: Technical training institute established at Kymore, Madhya Pradesh.

1957: Katni Refractories

1961: Blast furnace slag from TISCO used at the Chaibasa Unit to manufacture Portland Slag Cement for the first time in India.

1961: Manufacture of Accocid Cement, which resists the corrosive action of acids and chemicals.

1961: Oilwell Cement manufactured at ACC Shahabad Cement Works in Karnataka for cementation of oilwells upto a depth of 6,000 feet.

1961: Manufacture of Hydrophobic (waterproof) cement at ACC Khalari Cement Works in Bihar.

1962: Manufacture of Accoproof, a waterproofing additive.

1965: ACC’s Central Research Station (CRS) established at Thane

1965: Manufacture of Portland Pozzolana Cement.

1965: Manufacture of Calundum, a High Alumina Binder; Firecrete, Low Density Alumina Castables and High Alumina Refractory Cement.

1968: Advent of computers in ACC for data processing and designing management information and control systems.

1968: ACC supplied and commissioned one-million-tonne iron ore pelletising plant ordered by TISCO

1971: Manufacture of Whytheat Castables A, K, C and Cal-Al-75

1973: Take-over of The Cement Marketing Company of India (CMI)

1977: ACC receives ASSOCHAM first national award for the year 1976 instituted for outstanding performance in promoting rural and agricultural development activities.

1978: Introduction of the energy efficient precalcinator technology for the first time in India. Full scale commercial production based on MFC technology at Wadi in 1979.

1979: ACC wins international contract for operation and management of a new one million tonne cement plant at Yanbu-Ras Biridi in Saudi Arabia.

1982: Commissioning of the first 1 MTPA plant in the country at Wadi, Karnataka.

1984: ACC achieves a breakthrough in import substitution by developing and supplying a special G type of oil well cement to ONGC.

1987: ACC develops a new binder for use at sub-zero temperatures, which is successfully used in the Indian expedition to Antarctica.

1992: Incorporation of Bulk Cement Corporation of India, a joint venture with the Government of India.

1993: ACC starts the commercial manufacture of Ready Mixed Concrete at Mumbai.

1995: ACC selected as Most Respected Company in India by Business India.

1998: Commissioning of the 0.6 MTPA cement grinding unit at Tikaria, Uttar Pradesh.

1999: Commissioning of captive power plants at the Jamul and Kymore plants in Madhya Pradesh.

1999: Tata group sells 7.2% of its stake in ACC to Ambuja Cement Holdings Limited, a subsidiary of Gujarat Ambuja Cements Limited. (GACL)

2000: Tata Group sells their remaining stake in ACC to the GACL group, who with 14.45% now emerge as the single largest shareholder of ACC.

2001: Commissioning of the new plant of 2.6 MTPA capacity at Wadi, Karnataka plant, the largest in the country, and among the largest sized kilns in the world.

2002: ACC wins PHDCCI Good Corporate Citizen Award

2003: IDCOL Cement Limited becomes a subsidiary of ACC

2004: IDCOL Cement Limited is renamed as Bargarh Cement Limited (BCL).

2004: ACC raises US $ 100 million abroad through Foreign Currency Convertible Bonds (FCCB’s) for US$ 60 million and Global Depository Shares (GDS’s) for US $ 40 million. Both offerings are listed on the London Stock Exchange.

2004: ACC named as a Consumer Superbrand by the Superbrands Council of India, becoming the only cement company to get this status.

2004: GreenTech Safety Gold and Silver Awards awarded to Madukkarai Cement Works and Katni Refractory Works by Greentech Foundation for outstanding performance in Safety Management System.

2005: ACC receives the CFBP Jamnalal Bajaj Uchit Vyavahar Puraskar Certificate of Merit – 2004 from Council for Fair Business Practices.

2005: Holcim group of Switzerland enters strategic alliance with Ambuja Group by acquiring a majority stake in Ambuja Cements India Limited (ACIL) which at the time held 13.8 % of the total equity shares in ACC. Holcim simultaneously makes an open offer to ACC shareholders, through Holdcem Cement Private Limited and ACIL, to acquire a majority shareholding in ACC. Pursuant to the open offer, ACIL’s shareholding in ACC increases to 34.69 % of the Equity share capital of ACC.

2005: Commissioning of Modernisation and Expansion project at Chaibasa in Jharkhand, replacing old wet process technology with a new 1.2 MTPA clinkering unit, together with a captive power plant of 15 MW.

2005: Financial accounting year of the company changed to calendar year January-December

2006: Subsidiary companies Damodhar Cement and Slag Limited, Bargarh Cement Limited and Tarmac (India) Limited merged with ACC

2006: ACC announces new Workplace policy for HIV/AIDS

2006: Change of name to ACC Limited with effect from September 1, 2006 from The Associated Cement Companies Limited.

2006: ACC receives Good Corporate Citizen Award 2005-06 from Bombay Chamber of Commerce and Industry

2006: New corporate brand identity and logo adopted from October 15, 2006

2006: ACC establishes Anti Retroviral Treatment Centre for HIV/AIDS patients at Wadi in Karnataka– the first ever such project by a private sector company in India.

2007: ACC partners with Christian Medical College for treatment of HIV/AIDS in Tamil Nadu

2007: Sumant Moolgaokar Technical Institute completes 50 years and reopens with new curriculum

2008: Ready mixed concrete business hived off to a new subsidiary called ACC Concrete Limited.

2008: ACC Cement Technology Institute formally inaugurated at Jamul on July 7.

2008: First Sustainable Development Report released on June 5.

2008 ACC wins CNBC-TV18 India Business Leader Award in the category India Corporate Citizen of the year 2008

2008: Project Orchid launched to transform their Corporate Office, Cement House into a green building.

2009: ACC received the Jamanalal Bajaj "Uchit Vyavahar Puraskar" of Council for Fair Business Practices

2009: ACC is allotted coal blocks in Madhya Pradesh and West Bengal.

2009: ACC's new Grinding plant of capacity 1.60 million tonnes inaugurated at Thondebhavi in Karnataka.

2010: Kudithini Cement Grinding Plant inaugurated in Karnataka on January 4, 2010 with a capacity of 1.1 MTPA of Portland Slag Cement.

2010: ACC acquires 100 percent of the financial equity of Encore Cements and Additives Private Limited which is a slag grinding plant in Vishakhapatnam in coastal Andhra Pradesh. This company became a wholly-owned subsidiary of ACC in January 2010.

2010: ACC enters its platinum jubilee year - the first company in the cement industry to achieve this status

2010: ACC receives FICCI Award for Outstanding Corporate Vision Triple Impact Business Performance Social and Environmental Action and Globalisation for 2009-10 - a unique award received for the first time

2011: World's largest kiln installed at ACC Cement Plant, Wadi, Karnataka with a capacity of 12,500 tonnes per day creating new landmarks for cement industry

2011: Central Control Room Building at ACC Chanda Plant, Maharashtra set up as a Green building, the first of its kind in an industrial environment

2011: ACC Secretarial and Share processes received ISO 9001 – 2008 Certification

AWARDS AND ACCOLADES

ACC was the first recipient of ASSOCHAM’s first ever National Award for outstanding performance in promoting rural and agricultural development activities in 1976. Decades later, PHD Chamber of Commerce and Industry selected ACC as winner of its Good Corporate Citizen Award for the year 2002. Over the years, there have been many awards and felicitations for achievements in Rural and community development, Safety, Health, Tree plantation, afforestation, Clean mining, Environment awareness and protection.

Other prominent awards won by them over the years comprise some coveted ones conferred by organisations of repute.

v National Award for Excellence in Water Management by Confederation of Indian Industry (CII)

v Outstanding Corporate Vision, Triple Impact - Business Performance Social and Environmental Action and Globalisation for 2009-10 from Federation of Indian Chambers of Commerce and Industry

v Asia Pacific Entrepreneurship Award in two categories, Green Leadership and Community Engagement by Enterprise Asia.

v Indira Priyadarshini Vrikshamitra Award --- by The Ministry of Environment and Forests for "extraordinary work" carried out in the area of afforestation.

v Subh Karan Sarawagi Environment Award - by The Federation of Indian Mineral Industries for environment protection measures.

v Drona Trophy - By Indian Bureau Of Mines for extra ordinary efforts in protection of Environment and mineral conservation in the large mechanized mines sector.

v Indira Gandhi Memorial National Award - for excellent performance in prevention of pollution and ecological development

v Excellence in Management of Health, Safety and Environment : Certificate of Merit by Indian Chemical Manufacturers Association

v Good Corporate Citizen Award - by PHD Chamber of Commerce and Industry

v FIMI National Award - for valuable contribution in Mining activities from the Federation of Indian Mineral Industry under the Ministry of Coal.

v Rajya Sthariya Paryavaran Puraskar - for outstanding work in Environmental Protection and Environment Performance by the Madhya Pradesh Pollution. Control Board.

v National Award for Fly Ash Utilisation - by Ministry of Power, Ministry of Environment and Forests and Dept of Science and Technology, Government of India - for manufacture of Portland Pozzolana Cement.

2012

v Green Manufacturing Excellence Award 2012 by Frost and Sullivan to ACC Gagal, Lakheri, Sindri, Wadi and Thondebhavi

v IMC Ramkrishna Bajaj National Quality Award Certificate of Merit to ACC Gagal

v Performance Excellence Trophy to DAV ACC Gagal Sr Secondary School

v Best in Class Manufacturing Awards 2011-12 - Manufacturing Leadership in Cement by Indira College of Engineering and Management, Pune

v IMC Ramkrishna Bajaj National Quality (RBNQ) Awards - Certificate of Merit and Performance Excellence Trophy to ACC Gagal and Gagal DAV Sr Sec.Public School

v Confederation of Indian Industry (CII) Best Environmental Practices award to ACC Damodhar

v Confederation of Indian Industry (CII) Energy award to ACC Wadi

v Safety Innovation Award 2011 from The Institution of Engineers' (India) to ACC Kymore and Tikaria

v India Manufacturing Excellence Awards 2011 - Gold Certificates of Merit to ACC Lakheri, Gagal, Wadi and Silver to Jamul by The Economic Times and Frost and Sullivan

v Association of Business Communicators of India (ABCI) awards for Accelerate (ACC intranet portal), Annual Report, Parivar and Screensavers

v Secretarial and Share processes receive ISO 9001 – 2008 Certification

v ACC wins 4th Global Initiative for Restructuring Environment and Management (GIREM) Award for Company of the Year 2011

v Greentech CSR Platinum award 2011 in cement sector by Greentech Foundation to ACC Damodhar

v Greentech Environment Award 2011 by Greentech Foundation to Alternative Fuels and Raw Materials; Gold Category in cement sector to ACC Lakheri

v Golden Peacock Award for Eco-Innovation by World Environment Foundation

v ACC wins Dun and Bradstreet Rolta Corporate Award 2010 - leader in Cement category

v 10th Annual Greentech Safety Award 2010 by Greentech Foundation to ACC Chaibasa, Chanda, Gagal, Lakheri, Madukkarai and Tikaria. Tikaria won the award in platinum category while Lakheri bagged Gold and Chaibasa, Madukkarai, Jamul, Sindri and Wadi won in Silver category

2011