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The Ametha integrated cement plant has a clinker capacity of 3.3 million tonnes per annum (MTPA) and a cement capacity of 1 MTPA. This greenfield integrated project will help in lowest cost production of clinker and cement, which will enhance ACCs overall portfolio to 37 MTPA and aid in the overall improvement in profitability and market share of the company, said the firm.“Ametha plants strategic location in Madhya Pradesh offers a logistical advantage, which will enhance ACCs ability to cater to critical markets efficiently. This ESG compliant plant will exemplify ACCs commitment to environmental responsibility with 16.3 MW of WHRS capacity and up to 15% of AFR potential, exemplifying ACCs dedication to environmental stewardship,” the company stated in the press release. Ajay Kapur, CEO, cement business, said, This is a monumental achievement in our relentless pursuit of sustainable growth. This milestone harmoniously aligns with our growth strategy for the cement business, enabling us to meet evolving market demands while upholding our unwavering standards of quality.ACC is a part of Adani Cement and one of Indias leading producers of cement and ready-mix concrete. ACC has 16 cement manufacturing sites, over 85 concrete plants and a nationwide network of channel partners to serve its customers.The cement manufacturer reported 105.29% surge in net profit to Rs 466 crore in Q1 FY24 as compared with Rs 227.32 crore in Q1 FY23. Revenue from operations jumped 16.41% Rs 5,201 crore in Q1 FY24 as compared with Rs 4,468.42 crore posted in the same quarter last year.Shares of ACC were down 0.01% to Rs 2,062.50 on the BSE.

ACC starts commercial production of clinker in MP

ACC has commenced&nbsp;commercial production of Clinker at its new cutting-edge Ametha Cement Plant, nestled in the heart of Katni district of Madhya Pradesh. The Ametha Integrated Cement Plant has a clinker capacity of 3.3 MTPA and a cement capacity of 1 MTPA. This greenfield integrated project will help in lowest cost production of clinker and cement, which will enhance ACCs overall portfolio to 37 MTPA and aid in the overall improvement in profitability and market share of the Company. Ametha plants strategic location in Madhya Pradesh offers a logistical advantage, which will enhance ACCs ability to cater to critical markets efficiently. This ESG compliant plant will exemplify ACCs commitment to environmental responsibility with 16.3 MW of WHRS capacity and up to 15% of AFR potential, exemplifying ACCs dedication to environmental stewardship.

ACC commences commercial production of clinker at new Ametha cement plant 

Geojit recommended accumulate rating on ACC with a target price of Rs 2325 in its research report dated September 11, 2023.

Accumulate ACC; target of Rs 2325: Geojit

ACC announced the resignation of KA Chowdary, Chief Projects Officer with effect from 08 September 2023. 

ACC announces resignation of Chief Projects Officer 

KR Choksey recommended accumulate rating on ACC with a target price of Rs 2166 in its research report dated August 14, 2023.

Accumulate ACC; target of Rs 2166: KR Choksey

Motilal Oswal recommended Neutral rating on ACC with a target price of Rs 2180 in its research report dated July 27, 2023.

Neutral ACC; target of Rs 2180: Motilal Oswal

Although the cement maker’s quarterly earnings have beaten the market estimates, brokerage ratings differ ranging from underweight to buy.

ACC’s stellar Q1 earnings fail to excite D-Street, brokerage ratings vary

Revenue from operations stood at Rs 5,201 crore in the quarter under review, a significant increase from Rs 4,468 crore in the same period last year.

ACC Q1 Results: Consolidated net profit more than doubles to Rs 466 crore, beats estimates

Motilal Oswal recommended Neutral rating on ACC with a target price of Rs 2000 in its research report dated July 17, 2023.

Neutral ACC; target of Rs 2000: Motilal Oswal

Net Sales are expected to increase by 10.4 percent Y-o-Y (up 2.9 percent Q-o-Q) to Rs. 4,931.2 crore, according to Nirmal Bang.

ACC Q1 PAT seen up 63.7% YoY to Rs. 363.8 cr: Nirmal Bang

ACC Ltd. engages in the manufacture and sale of various kinds of cements. It operates through the following segments: Cement and Ready Mix Concrete. The Cement segment is a clinker resulting from mixing at suitable rates, grinding and firing raw material such as limestone, clay, iron ore, fly ash, bauxite and certain amount of setting regulator are ground together and set after mixing with water and gains strength. The Ready Mix Concrete segment is concrete that is manufactured in a batch plant, according to a set engineered mix design. The company was founded on August 1, 1936 and is headquartered in Mumbai, India.

Watchers	175
52-Wk Low	1,592.35
52-Wk High	2,675.00

Market Cap	374.41B
Volume (M)	238,415.00
52-Wk High	2,675.00
52-Wk Low	1,592.35

Current Price	1,978.50
Prev Close	1,993.80
Open	1,999.00
Dividend Yield	0.55%
50-Day Moving Average	1,954.77
Beta	0.22
Avg. Volume	839,344.18
PE Ratio	51.46

52-Week High	2,675.00
52-Week Low	1,592.35
Market Capitalization	374.41B
EPS	38.74
Price to Book	2.65
Revenue Per Employee	33.84M
Enterprise Value/EBITDA	17.38

ACC.NSE ACC Ltd

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