ACC to acquire 55% stake in Asian Concretes

08 Jan 2024 CW Team

In a strategic move to fortify its market presence, ACC, one of India's leading cement manufacturers, is set to acquire an additional 55% stake in Asian Concretes and Cements (ACCIL). The deal, valued at Rs 425.96 crore, underscores ACC's commitment to expanding its footprint in the competitive cement industry.

The acquisition signals ACC's proactive approach to capitalise on growth opportunities, enhancing its position in the market. Asian Concretes and Cements, a key player in the industry, is expected to benefit from ACC's extensive industry expertise and resources.

This move aligns with ACC's broader business strategy, emphasising partnerships and acquisitions as a means of achieving sustained growth. The transaction not only strengthens ACC's market share but also bolsters its production capacity and distribution network.

The deal comes at a pivotal time for the cement sector, witnessing increased demand due to infrastructural development and construction activities across India. ACC's strategic investment in Asian Concretes and Cements positions the company to cater to the rising market demands effectively.

The Rs 425.96 crore investment reflects ACC's confidence in the long-term viability and potential returns from this collaboration. The company aims to leverage synergies, combining the strengths of both entities for mutual benefit.

This acquisition is poised to enhance ACC's product offerings and geographical reach, positioning the company for sustained growth in the dynamic cement industry. As ACC solidifies its stake in Asian Concretes and Cements, it anticipates a mutually beneficial partnership that contributes to the overall advancement of the cement sector in India.

Resources

13 May 2026

Anant Raj Appoints Anish Sarin as Director

Anant Raj has appointed Anish Sarin as Director on its Board, marking a key step in the company’s leadership transition and long-term growth strategy. The announcement was made during the company’s Q4 and FY26 results declaration, reflecting the induction of next-generation leadership as the company expands across real estate, cloud infrastructure and data centre businesses. Anish Sarin, grandson of veteran industrialist Ashok Sarin, represents the emerging leadership at Anant Raj. Educated at Regent’s University London, he brings a global business outlook along with a strong focus on t..

Vedanta eyes AI-led value growth

Vedanta Group expects to unlock USD 300–400 million in additional value over the next three years through large-scale deployment of AI-led industrial technologies across its businesses. The group said its V-Spark DeepTech Ventures platform has already delivered nearly four times return on investment since inception.Vedanta is scaling AI, predictive analytics, Industrial Internet of Things, digital twins, machine learning, automation and connected manufacturing technologies across its metals, mining, energy and industrial operations. These deployments are aimed at improving productivity, lowe..

Hindustan Zinc inks pact with Group Nirmal

Hindustan Zinc has signed an MoU with Group Nirmal to set up a zinc wire manufacturing facility at its Zinc Industrial Park in Khankhala, Bhilwara district, Rajasthan. The partnership will expand downstream manufacturing activity and support value-added zinc applications in India.Under the agreement, Group Nirmal will manufacture zinc wire products using Hindustan Zinc’s Special High Grade zinc. The products will cater to infrastructure, renewable energy, automotive and industrial engineering sectors.Zinc wire is used in thermal spray coating and metallising processes to protect steel struct..