Ahmedabad, Gujarat, India:
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EDITOR’S SYNOPSIS
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ACC Limited (ACC), the constructing supplies arm of the diversified Adani Group, at present introduced the monetary outcomes for the quarter ended September 30, 2022.
Operational Highlights:
- During the quarter ended September 30, 2022, Cement Volume grew by 4% as in comparison with the identical quarter final 12 months. Ready Mix Concrete carried out nicely with a quantity development of ~10% over the identical quarter final 12 months.
- With a deal with operational excellence & unlocking potential, ACC has accelerated de-bottlenecking of varied vegetation & enchancment in efficiencies. Alternative Fuels & Raw supplies (AFR) platforms are being leveraged to maximise utilization of wastes to scale back energy and gas price.
Financial Highlights:
- ACC recorded internet gross sales of Rs 3,910 Crore as in comparison with Rs 3,653 Crore in the identical quarter final 12 months.
- EBITDA for the quarter ended September 30, 2022, stood at Rs 16 Crore largely because of steep rise in gas price.
“The post-monsoon quarter will see the normal rebound for the cement sector, together with for ACC. We have had important price pressures in the current previous because of steep gas worth rise. However, current cooling off in vitality prices will impression us positively in the approaching quarters, mentioned” Mr. B. Sridhar, Whole Time Director & CEO ACC Limited. “During the quarter, ACC recorded robust development in RMX quantity of 10% and RMX business stays an enormous development engine for future. We have aggressive development plans and our capability enlargement initiative by our new inexperienced area tasks at Ametha is progressing nicely and is anticipated to be commissioned by March 2023.”
Consolidated Financial Performance for the quarter ended September 30, 2022:
| Particulars | UoM | Quarter Jul-Sep 2022 |
Quarter Jul-Sep 2021 |
| Sales Volume – Cement | Million Tonnes | 6.85 | 6.57 |
| Sales Volume – Ready Mix Concrete | Million Cubic Meters | 0.75 | 0.68 |
| Net Sales | Rs Crore | 3,910 | 3,653 |
| EBITDA | Rs Crore | 16 | 712 |
| EBITDA Margin | % | 0.4% | 19.5% |
ESG Highlights:
Targeting ESG management, ACC’s Sustainability technique is led by its Sustainable Development 2030 plan.
- In September 2022, WHRS tasks at Jamul and Kymore have been partially commissioned. Next wave of WHRS tasks at Chanda and Wadi vegetation are progressing nicely. Scaling up of renewable power-solar, wind and hydro is underway.
- ACC continues its focus to construct low carbon portfolio by increased proportion of blended cement and accelerating inexperienced merchandise & options by growing utilization of AFR.
- High deal with water governance, sustainable livelihood and social inclusion for the group continues 4 lacs new beneficiaries have been added in the course of the quarter.
(*4*)ACC Limited (*4*)is part of Adani Cement (*4*)and one of India’s main producers of cement and ready-mix concrete. It is a member of the Adani Group – the most important and fastest-growing portfolio of diversified sustainable companies. ACC has 17 cement manufacturing websites, over 83 concrete vegetation and a nationwide community of channel companions to serve its prospects. (*4*)With a world-class R&D centre in Mumbai, the standard of ACC’s merchandise and providers, in addition to its dedication to technological growth, make it a most popular model in constructing supplies. Established in 1936, ACC is counted among the many nation’s ‘Most Sustainable Companies’ and is recognised for its finest practices in setting administration and company citizenship. With sustainability on the core of its technique, (*4*)ACC is (*4*)the primary Indian Cement Company to signal the Net Zero Pledge with Science Based Targets.
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