ACC surges on plans to set up new clinker production facility at Jamul

29 Feb 2012 Evaluate

ACC is currently trading at Rs. 1306.00, up by 18.75 points or 1.46% from its previous closing of Rs. 1287.25 on the BSE.

The scrip opened at Rs. 1292.05 and has touched a high and low of Rs. 1319.00 and Rs. 1292.05 respectively. So far 19593 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1421.95 on 10-Feb-2012 and a 52 week low of Rs. 917.00 on 20-Jun-2011.

Last one week high and low of the scrip stood at Rs. 1328.85 and Rs. 1240.80 respectively. The current market cap of the company is Rs. 24519.54 crore.

The promoters holding in the company stood at 50.30% while Institutions and Non-Institutions held 30.58% and 19.13% respectively. 

In a bid to meet the demand for cement in the Eastern Region, ACC is planning to set up a new clinker production facility of 2.79 MTPA and allied grinding facility at Jamul. The existing clinkering and grinding lines at Jamul will be phased out. The project, which will be implemented in a phased manner, is scheduled for completion by Q1 2015. Further, the company is also planning decentralized grinding stations which will use clinker produced at Jamul.

The cement major’s cement production in January 2012 increased by 9.22% at 2.25 million tonne, as against 2.06 million tonne in the year-ago period. The company's dispatches in the month were up by 8.78% at 2.23 million tonne, as against 2.05 million tonne in same month last year.

ACC is India’s foremost manufacturer of cement and concrete. The company’s operations are spread throughout the country with 14 modern cement factories, more than 30 ready mix concrete plants, 20 sales offices, and several zonal offices.

ACC Share Price

2304.05 14.90 (0.65%)
05-Nov-2024 10:54 View Price Chart
Peers
Company Name CMP
Ultratech Cement 11116.15
Ambuja Cement 570.00
ACC 2304.05
Shree Cement 24788.30
Dalmia Bharat 1777.90
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