Page 152 - Acc News Today

The IPO includes a fresh issue of Rs 1,400-1,500 crore and an offer for sale of Rs 3500 crore by the promoters, according to market sources.

(MENAFN - Jordan News Agency) Amman, Apr. 26 (Petra) -- The Integrity and Anti-Corruption Commission (IACC) Monday referred a case to the Public Prosecution in which the Ministry of Water and Irrigation awarded a JD14-million tender to a company to drill seven wells despite expert opinion that treating the water will be a "difficult" task. An official source at the IACC said in a press statement that the JD14,864,582, was awarded despite expert studies and recommendations against implementi...

ACC and Ambuja partner to research sustainable solutions 23 April 2021 India’s ACC and Ambuja Cement (LafargeHolcim) has partnered with the Indian Institute of Technology Madras (IITM) to develop green and sustainable building solutions, according to a press release. The research will look at the use of low-CO 2 binders, with a combination of alternative reinforcement, as a potential substitute for conventional steel rebar. This would reduce the CO 2 footprint of construction ...

Aditya Birla Sun Life AMC, a material subsidiary of Aditya Birla Capital, filed IPO papers with SEBI The domestic stock markets are likely to open flat, post the nearly 2 per cent correction witnessed in the previous session, going by early indications from SGX Nifty futures trading. Trends on SGX Nifty indicate a flat opening for the index in India, with a 1-point loss. At 7:30 am, the Nifty futures were trading at 14,388 on the Singapore Stock Exchange. On Monday, the BSE Sensex had nosedived...

ACC reports 74% rise in profit for the 1Q21 20 April 2021 India’s ACC (LafargeHolcim) has reported a 74 per cent rise in net profit for the first quarter of 2021, rising to INR5.63bn (US$75.33m) from INR3.23bn in the year-ago period. EBITDA also advanced 47 per cent YoY to INR8.6bn. Revenue from sales surged 23 per cent YoY to INR42.13bn from INR34.33bn in the 1Q20. In particular, cement sales increased 22 per cent YoY to 8Mt and cement prices were up six per cent to INR4876/...

ACC Gains Over 1% On Jump In March Quarter Profit ACC reported a net profit of Rs 563 crore in the quarter ended March 2021, an increase of 74 per cent from Rs 323 crore during the same quarter last year Updated: April 20, 2021 10:50 am IST At 10:35 am, the shares of ACC were trading at Rs 1,892.55, higher by 1.20 per cent, on the BSE. ACC shares rose more than 1 per cent on the BSE after the countrys leading cement manufacturer reported a jump in net profit in the quarter ended March 2021....

Analysts give thumbs up to ACC April 20, 2021 Increase target price as firm focuses on cost reduction Most broking firms have increased their price target for ACC, one of the largest cement producers, focusing on cost savings on the back of government spending on infrastructure. Most analysts have increased the price target to ₹2,600 from the current level of ₹1,882. More Jefferies, the diversified financial services firm, has revised the EPS target by 8-9 per cent over the next year. A med...

ACC Limited reported a consolidated net profit of Rs 563 crore in the March quarter, up 74 per cent from the same period last year on the back of increased revenues. The top line in the period under review stood at Rs 4,213 crore, up 23 per cent from the same period last year. "This quarter, we delivered the highest ever revenue and operating EBIT (earnings before interest and taxes). Our cost efficiency project ‘Parvat’ is on track and has helped in managing some continuing cost headwind...

ACC Q4 net up 74% on better realisations April 19, 2021 Sridhar Balakrishnan, Managing Director and Chief Executive Officer, ACC Limited× RELATED Sales revenue has risen 23 per cent to ₹4,213 crore. ACC, one of the largest cement producers, reported that its net profit in the March quarter was up 74 per cent at ₹563 crore against ₹323 crore logged in the same period last year, mainly on better realisation. Revenue from sales increased 23 per cent to ₹4,213 crore (₹3,433 crore). Cem...

ACC Q1 2021 results: Net profit rises 74% to Rs 563 cr on higher sales ACC reported 21.6 per cent increase in cement sales volume at 8 million tonnes during the quarter under review. Rai Vinaykumar | April 19, 2021 | Updated 22:29 IST ACC reported capacity utilisation of 90 per cent during the quarter ended March. Cement maker ACC Ltd on Monday reported a 74.2 per cent year-on-year (YoY) increase in its consolidated net profit at Rs 563 crore during January-March quarter of 2021 on over 21 per...