ACC to acquire 55% stake in Asian Concretes
Cement

ACC to acquire 55% stake in Asian Concretes

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.

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.

Next Story
Equipment

Handling concrete better

Efficiently handling the transportation and placement of concrete is essential to help maintain the quality of construction, meet project timelines by minimising downtimes, and reduce costs – by 5 to 15 per cent, according to Sandeep Jain, Director, Arkade Developers. CW explores what the efficient handling of concrete entails.Select wellFirst, a word on choosing the right equipment, such as a mixer with a capacity aligned to the volume required onsite, from Vaibhav Kulkarni, Concrete Expert. “An overly large mixer will increase the idle time (and cost), while one that ..

Next Story
Real Estate

Elevated floors!

Raised access flooring, also called false flooring, is a less common interiors feature than false ceilings, but it has as many uses – if not more.A raised floor is a modular panel installed above the structural floor. The space beneath the raised flooring is typically used to accommodate utilities such as electrical cables, plumbing and HVAC systems. And so, raised flooring is usually associated with buildings with heavy cabling and precise air distribution needs, such as data centres.That said, CW interacted with designers and architects and discovered that false flooring can come in handy ..

Next Story
Infrastructure Urban

The Variation Challenge

A variation or change in scope clause is defined in construction contracts to take care of situations arising from change in the defined scope of work. Such changes may arise due to factors such as additions or deletions in the scope of work, modifications in the type, grade or specifications of materials, alterations in specifications or drawings, and acts or omissions of other contractors. Further, ineffective planning, inadequate investigations or surveys and requests from the employer or those within the project’s area of influence can contribute to changes in the scope of work. Ext..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?