ACC Ltd.

Overview

Incorporated in 1936, ACC Ltd. Is a leading Indian player in manufacturing and

selling of Cement and ready mix concrete (RMX) with pan-India presence.The
company is headquartered in Mumbai. It has manufacturing facilities across the
Country and has major presence domestically. The company manufactures different
varieties of cement. Its diverse product range include gold range, silver range, bulk
cement, solutions and products, ready mixed concrete, and digital and customer
solutions. Eco-friendly cement bricks, blocks and roofing options for rural and urban
populations are among the company's alternative building alternatives.

Here are some of the key achievements of ACC:

 First Indian cement company to get Superbrand status

 One of the largest cement producers in India
 Has a pan-India operational and marketing presence
 Offers a wide range of cement products
 Committed to sustainable development
 Acquired by the Adani Group in 2020
 Cement Industry Overview

The cement industry is one of the major industries in India, and its contribution to
the Indian economy becomes more important keeping in mind the present
government's focus on the development of Indian infrastructure. The cement
industry adds billions of dollars to world GDP and gives employment to millions.
In India, the cement industry accounts for 2% of the GDP and gives employment
to 30 lakh people, directly and indirectly.

Before COVID-19, the cement industry was growing rapidly in India because of
high basic infrastructure demand and special government attention towards this
sector.

In March 2020, when a complete lockdown was imposed in India, the demand for
cement came to a standstill as no construction was going on. But in no time,
demand for cement increased and became greater than the pre-COVID-19
demand. In India, the cement industry is dominated by a handful of players. Ultra
TechCement, ACC Limited, and Ambuja Cements are the major players in cement
in India and have a cumulative share of around 60% of the total market.

The cement industry is well poised to grow in the near future. It is expected to
grow by 8% in 2023 and by 6.5% in 2024. Mostly, this demand is going to come
from infrastructure development in India.