Page 43 - Acc News Today

Analysts predict that domestic cement producers in India will see a significant boost in earnings for the September quarter, driven by strong year-on-year volume growth and lower power and fuel costs. The industrys average profitability is expected to surge by at least 50% compared to the previous year, with ACC and Ambuja Cements predicted to have the best improvement. Spending by key states ahead of elections and robust demand for cement are also contributing factors. However, the recent surge...

A total of 4,795 shares changed hands on the counter till 12:12PM (IST)

Adani Group, a major player in Indias infrastructure sector, is eyeing further expansion in the cement industry. Adani recently acquired three major cement companies and is now reportedly in talks to purchase Orient Cement. The acquisition would strengthen Adanis presence in south India, where ACC, one of the companies it acquired, has capacity constraints. The move comes as demand for cement is expected to rise due to government infrastructure projects. Adani group aims to raise its capacity to...

"General Manoj Pande #COAS awarded Best Green Station Awards during the Army Commanders Conference #ACC in New Delhi. Udhampur Military Station was awarded the Trophy for "Best Green Military Station" while Dehradun Military Station secured the "Second Best" award. Also, Bikaner Military Station was awarded with "Best Transformative Station" trophy," the Army said in a series of posts on X, formerly Twitter.

Collaboration and partnerships are key to a corruption-free and ethical society.

The Indian government will continue to allocate production-linked incentives (PLI) for advanced chemical cell (ACC) batteries in batches of 5 GWh, despite requests for a reduction in the minimum bid size. The incentives, worth INR 7,240 crore, are part of a larger INR 18,100 crore PLI scheme for the sector.

The stock quoted a 52-week high of Rs 2674.45 and a 52-week low of Rs 1593.5.

ACC Ltd. key Products/Revenue Segments include Cement, Ready Mix Concrete, Other Operating Revenue, Scrap for the year ending 31-Dec-2021.

The Indian government plans to introduce a production-linked incentive (PLI) scheme for batteries to reduce costs and encourage the adoption of electric vehicles (EVs). The Union Power and New & Renewable Energy Minister, R K Singh, stated that the scheme aims to increase battery volumes and lower prices. He also highlighted the limited battery manufacturing capacity worldwide as a factor contributing to high prices.

The Indian government will continue to allocate production-linked incentives (PLI) for advanced chemical cell (ACC) batteries in batches of 5 GWh, despite requests for a reduction in the minimum bid size. The incentives, worth ₹7,240 crore, are part of a larger ₹18,100 crore PLI scheme for the sector.