ACC share price in 1992: What happened to the stock price of ACC in 1992? ACC, a coal-blocking company, acquired a 45% equity stake in Asian Concrete and Cements Pvt Ltd. This happened in March and the shares of ACC traded at Rs.1,340–1,360 on the NSE and BSE.
ACC is a coal-blocking company
Associated Cement Companies Limited (ACC) is one of India’s largest cement producers. The company has the highest installed capacity in the industry at 15.3 million tonnes. It has also bagged the Ficci award for waste management and pollution control. The company is expected to benefit from increasing demand in construction sectors in the near future. It is also planning to expand its existing plants and set up new ones.
Its capital expenditure programme includes creation of new capacity at Wadi in Karnataka and expanding the existing plants. It has also signed a joint venture agreement with Madhya Pradesh State Mining Corporation (MPSMC) to develop four coal blocks in the state. The coal blocks have estimated reserves of 200 million tonnes and will become operational in four to five years. The coal blocks will provide long-term linkage of coal to ACC’s cement plants.
The company has also signed a MoU with Ebara Corporation of Japan for joint environment-related projects in India. The company has also launched a Waste Heat Recovery System at its Gagal unit in January 2014.
ACC shares traded at Rs.1,340–1,360 on NSE and BSE
ACC’s share price has climbed by over 25% since the start of the year, but it’s still a bargain for those willing to take the plunge. A few years ago, the company was trading at around Rs.1,340 per share. Although that’s still a pretty penny in today’s slicker-tightening market, ACC is still one of the most sassy companies in the business. The company’s chief exec, Rajiv Singh, has been at the helm for quite some time. In the past, he’s led the charge on several major acquisitions, including the much touted ol’ Time Warner Cable. In addition to a couple of major wins, ACC has also been awarded the prestigious accolade of ‘Best Business’ by the NASD, the nation’s largest stock market operator. In other words, ACC hasn’t been this good in decades.
ACC shares traded at Rs.1,624 in March
ACC has been around for more than five decades and has generated steady profits in the process. Nevertheless, when it comes to investing in the stock market, it is best to consult your own research and be prudent when weighing your options. Whether you’re looking to buy, sell or hold, you need to do your homework to get the most out of your investment. Fortunately, there are numerous stock brokers to choose from. Before deciding on a particular one, you need to consider your individual financial situation, the state of the economy and your risk appetite. In addition, you may consider investing in a mutual fund to diversify your portfolio. The cost of these funds is minimal, and the returns are equally attractive.
For instance, a mutual fund may hold shares in ACC Limited, and it may even be a worthwhile investment. However, it is best to be wary of a fund’s track record. If it hasn’t performed as well as expected, you may want to reconsider your investment.
ACC acquired 45% equity stake in Asian Concrete and Cements Pvt Ltd
ACC Ltd is one of the leading cement manufacturers in India. It manufactures a wide range of Portland cement for special applications and ready mix concrete. The company also operates 90 ready mix concrete plants in the country. It is also a winner of the Ficci award for waste management.
ACC has invested in a number of projects to reduce carbon footprints. The company has developed a Waste Heat Recovery System (WHRS) that converts waste heat from exhaust gases into useful electrical energy. In addition, ACC has developed an association with Babcock & Wilcox Ltd., a leading global engineering firm, to enhance the sustainability of its operations.
ACC has plans to increase its cement production capacity by more than 50 per cent. It has also announced a new grinding plant at Wadi in Karnataka, which is expected to commission in 2020. The new plant will increase ACC’s production capacity by nearly one million tonnes a year. It also has plans to double its capacity at its Wadi, Gulbarga plant.