NSE Symbol: | BSE Code: | ISIN: | Sector:
- Add to Portfolio
- Add to Watchlist
- Add to Alert
Messagefrom the Chairman
This is a special year as ACC completes 75 successful years. A Platinum Jubilee is a significant milestone that is reserved for special organizations who wear this mantle not by financial excellence or scale of operations alone, but by the blessings of enduring relationships with all the stakeholders they serve. ACC has built India for 75 years in a manner that its name is now familiar in every part of the country. We can all take pride in being a part of this great Company. A large part of the credit for this achievement must go to you the shareholders for your unwavering commitment to the values this organisation has steadfastly demonstrated.
From the beginning, Your Company has been a pioneer and trendsetter in cement and concrete, promoting innovative research and product development. This has made ACC an important benchmark for the Indian cement industry. The relationships and associations we formed with Ambuja Cements and with the Holcim Group have offered considerable opportunities for learning and adapting global best practices.
Today, we cannot imagine the variety and magnitude of the tests and trials that ACC encountered since its inception. In all these years, the challenges were many, the journey was difficult, but the spirit was unfailing. Even the last year we have just been through could have been daunting as it made the industry grapple with rising input costs and declining selling prices alongside heightened competition. But Your Company negotiated these uncertainties effectively to put itself in a position of strength.
ACC is proud to announce the commissioning of the expanded Wadi 2 kiln in September 2010. With a daily capacity of 12,500 tonnes, it is said to be the largest cement kiln worldwide. Another successful project is the new clinkering line at Chanda in Maharashtra that commenced trial production in November 2010, which would ultimately result in additional capacity of about 3 million tonnes per annum. The completion of these two projects puts ACC on the threshold of achieving 30 million tonnes annually.
With Government retaining a determined focus on infrastructure development and an optimistic outlook for overall GDP growth, we have no doubt these will offer a considerable boost to the demand for cement. The future for Your Company looks bright even as it passes through competitive times. ACC is poised to grow much faster in coming decades based on its technical excellence, human resources, brand equity and market growth. As ACC gears up for another important phase in its growth, I have no doubt the company will continue to enjoy the same dedication and faith from all its stakeholders and associates that will inspire it to reach greater heights.