ACC plans to increase its clinker and cement capacities

NEW DELHI: ACC plans to increase its clinker and cement capacities, the company said in its recently held annual general meeting. The integrated greenfield project of 2.7 MTPA clinker capacity with 1 MTPA grinding unit at Ametha in Kymore, Madhya Pradesh is on track, it said.

Expansion of the existing grinding unit in Tikaria with a 1.6 MTPA cement capacity and a grinding unit in Shonebhadra district in Uttar Pradesh with a capacity of 2.2 MTPA is progressing, said the company.

It recently completed and commissioned a new grinding unit at Sindri, Jharkhand. The new facility will add 1.4 MTPA of cement capacity to its existing 3 MTPA at this site.

The shareholders approved the payment of final dividend at Rs 14 per equity share amounting to Rs 262.90 crore. They also approved the re-appointment of Narotam Sekhsaria and Jan Jenisch and the appointment of M.R. Kumar as non-executive directors of the company.

ACC’s operating EBITDA grew by 3% to Rs 2,484 crore and profit after tax (PAT) grew by 4% to Rs 1,430 crore.