ACC Ltd Stock Price History & Milestones

1936

Incorporated in Mumbai.
Issued 603,200 equity shares for consideration other than cash.

1959

Formed ACC-Vickers-Babcock Ltd. with Vickers Ltd. and Babcock & Wilcox Ltd.

1965

Signed agreements for sale of Wah and Rohri properties to West Pakistan Govt. for Rs 3.26 crores.
Received guarantee from First National City Bank Mumbai branch.
Issued 474,731 right equity shares in 1:5 proportion.

1973

Collieries at Nowrazabad and Kotma nationalised.

1975

Acquired 286,000 shares, making AVB subsidiary.

1979

Received provisional payment of Rs 61.01 lakhs from Commissioner of Payments.
Issued 474,731 bonus shares in 1:6 proportion.

1980

Entered chemical engineering consultancy; secured orders and turnkey contracts.
Received provisional payment of Rs 60.01 lakhs.

1981

Changed subsidiary name to ACC-Babcock Ltd. after Vickers disinvestment.

1982

State Cement Corporation of Pakistan rejected court judgement, sought arbitration on sale price.

1985

Collaboration with Licensintorg for low temperature white cement technology.
Issued 664,623 bonus equity shares in 1:5 proportion.

1986

Issued 80,882 equity shares on conversion of loans; 16,175 bonus shares.

1987

Issued 20,42,399 12.5% debentures on rights basis; 14,94,931 allotted.
Offered 1,02,120 debentures to employees; 15,776 allotted.

1988

Converted debentures into 1,510,707 equity shares at premium Rs 25.

1989

Sold four loss-making plants: Shahabad, Lalani, Kistna, Porbandar.
Project for 100% lignite use at Madukkarai.
Assisted commissioning of 1 MTPA plant at Al-Qaim.
Signed MOU with Nihon Cement for joint services.

1990

Grey cement production 7.4 million tonnes; refractories 31,742 tonnes.
Completed coal washing at Kymore.
Developed in-house products including portland slag cement and refractories.

1991

Agreement with Refractechnik for high quality bricks.
Planned additional 25 MW turbine at Wadi.
Planned 10,000 TPA synthetic ferric oxide plant at Falta.
Incorporated Acc-Nihon Castings Ltd. JV with Nihon Cement.

1992

Entered technological collaboration for IROX-NKK technology at Falta plant.
Converted Sindri kiln to slag drier.
Installed seven electrostatic precipitators.
Proposed stake in Webel Electro Ceramics Ltd.
JV with TELCO, Tata Exports, Asahi Glass for Floatglass India Ltd.
Set up pilot plant for new refractories.
Issued 2,238,202 bonus equity shares in 2:5 proportion.

1993

Planned additional 25 MW power plant at Wadi.
Entered JV with ALCOA for 10,000 TPA plant at Falta.
Signed MOU with Fars Khuzistan Cement Co. for engineering JV.

1994

Signed MOU for management of 1.2 MTPA Yanbu plant from 1996.
Proposed modernisation of Lakheri and Kymore units for Rs 123 crores.

1995

Commissioned 1.2 MTPA clinkering unit and modernized grinding plant at Kymore.
Expanded RMC operations; commissioned units at Kalamboli and Bangalore.
Signed JV with Bridgestone for tyre plant near Indore.
Received approvals for US $100 million Euro issue.
Issued 729,565 rights shares in 1:10 proportion at premium Rs 39.

1996

Awarded contract for management of 2 MTPA cement plant in Saudi Arabia.
Proposed new 2 MTPA cement plant at Wadi.
Partly commissioned Nagpur unit for monolithic refractories.
Issued 5,137,971 bonus equity shares in 3:5 proportion.

1997

Signed MoU for new venture with KPCL.
Set up pre-grinding unit at Chanda.
Installing 10,000 tpd kiln at Wadi plant.

1998

Commissioned Sindri modernisation; Tikaria PPC grinding unit 0.6 MTPA under implementation.
ST-BSES to supply washed coal.
Signed MoU with Ebara Corporation for environment projects.
Bagged Ficci award for pollution control at Gagal unit.
Preferential offer of warrants/equity to promoter group at Rs 110.
Rights offer of equity at Rs 55 per share; subdivided face value to Rs 10.

1999

Rights issue of equity shares Rs 10 each at premium Rs 45 in 1:4 ratio.
Commenced commercial production of 25 MW captive power plants at Jamul and Kymore.
Set up internal committee to review investments in subsidiaries.
Planned Rs 750 crore capex for modernisation, expansion, and Wadi capacity.

2000

Tata Group divested 14% equity stake to Gujarat Ambuja Group at Rs 370 per share.
Completed modernisation and expansion of Chanda and Madukkarai plants to 1 MTPA each.
De-bottlenecking at Chanda, Gagal, and Madukkarai added 1 MT capacity.
Turned down proposal for diesel generating sets at Wadi.
Suspended operations at Mancherial cement works due to limestone non-availability.
Proposed 1 MTPA cement plant in Bellary.
Proposed exit from non-core businesses.

2002

Allotted 18,300 shares to employees.
Re-appointed T.M. M. Nambiar as Managing Director until November 30.
Redesignated M L Narula as Chief Operating Officer.
Inducted A K Jain as Wholetime Director.
P J Jagus resigned; appointed S M Palia as Director.
Eternit Everest became subsidiary with 76.01% holding.
Re-appointed P K Sinor as Wholetime Director.
Allotted 12,100 shares under Employees Stock Option Plan 2000.
Executed agreement to sell entire holding in International Ferrites Ltd. to EPCOS AG.
Divested entire holding in GRUH Finance to HDFC.
T M M Nambiar retired as Managing Director.
Chairman Emeritus N A Palkhivala passed away.
Singapore Investment Corp increased stake to 5.04%.
Divested 500,000 shares of Tata Industries.
Stopped agrotech and mining operations.
Appointed M L Narula as Managing Director.
Received full consideration for sale of equity in International Ferrites.
Won PHDCCI Good Corporate Citizen Award for 2002.
LIC held 14.31% stake.

2003

Govt. of Singapore reduced holding from 4.23% to 2.96%.
Sold 19.5% stake in Bridgestone ACC India to Bridgestone Corporation for Rs 50 crore.
Increased stake in Eternit Everest India to 76%, renamed Everest Industries Ltd.
Signed share purchase agreement to acquire 86.79% in IDCOL Cement Ltd.

2004

Associated Ceramics Ltd. approved voluntary delisting from Calcutta and Hyderabad Stock Exchanges.
Launched $100m GDR and FCCBs.
Tied up with UTI MF to acquire 13.3% in Bargarh Cement for Rs 26.85 crore.
Purchased 13.21% stake in Bargarh Cement from UTI, making it 100% subsidiary.
Citigroup purchased 8.06 lakh GDRs.
Appointed Naresh and Varshitha as Additional Directors.
Delisted from Cochin Stock Exchange.
Delisted from Delhi Stock Exchange effective October 13.
Entered BTA with ACE Refractories.

2005

Received CFBP Jamnalal Bajaj Uchit Vyavahar Puraskar Certificate of Merit 2004.
Holcim entered strategic alliance with Ambuja Group; ACIL shareholding in ACC increased to 34.69%.
Commissioned Modernisation and Expansion at Chaibasa with 1.2 MTPA clinkering unit and 15 MW captive power plant.
Changed financial accounting year to January-December.

2006

Merged Damodhar Cement & Slag Limited, Bargarh Cement Limited, and Tarmac (India) Limited with ACC.
Announced new Workplace policy for HIV/AIDS.
Changed name to ACC Limited effective September 1.
Received Good Corporate Citizen Award 2005-06 from Bombay Chamber.
Adopted new corporate brand identity and logo from October 15.
Established Anti Retroviral Treatment Centre for HIV/AIDS at Wadi, Karnataka.

2007

Partnered with Christian Medical College for HIV/AIDS treatment in Tamil Nadu.
Sumant Moolgaokar Technical Institute completed 50 years and reopened with new curriculum.

2008

Hived off ready mixed concrete business to ACC Concrete Limited.
Inaugurated ACC Cement Technology Institute at Jamul.
Released first Sustainable Development Report.
Won CNBC-TV18 India Business Leader Award for Corporate Citizen of the year.
Launched Project Orchid for green building transformation of Cement House.

2009

Received Jamnalal Bajaj Uchit Vyavahar Puraskar.
Allotted coal blocks in Madhya Pradesh and West Bengal.
Inaugurated 1.60 million tonnes grinding plant at Thondebhavi, Karnataka.

2010

Inaugurated Kudithini Cement Grinding Plant, Karnataka with 1.1 MTPA capacity.
Acquired 100% equity of Encore Cements & Additives Private Limited, Vishakhapatnam.
Entered platinum jubilee year.
Received FICCI Award for Outstanding Corporate Vision Triple Impact.

2011

Installed world's largest kiln at Wadi plant, Karnataka with 12,500 tonnes per day capacity.
Central Control Room Building at Chanda Plant set up as Green building.
Secretarial & Share processes received ISO 9001-2008 Certification.

2012

Launched M-100 grade concrete for high intensity towers.
Amalgamation of ACC Concrete and Encore Cements & Additives with ACC Limited.

2013

Board recommended Final Dividend of Rs. 19 per equity share.
Won CII-ITC Sustainability Prize for 2013.

2014

Launched cement blending unit in Padubidri, Udupi, Karnataka with 30,000 tonnes per month capacity.
Launched first Waste Heat Recovery System at Gagal in January.

2015

Won Gold Shield at ICAI Awards for Excellence in Financial Reporting 2013-2014.
Restarted limestone mining at Bargarh, Odisha.
Recognized with CII-ITC Sustainability Award 2015.

2016

Received Sustainable Plus Platinum label from CII-ITC Centre of Excellence in Sustainable Development.
Received Silver award for Excellence in Financial Reporting for Annual Report 2014 from ICAI.
Rated Sustainable Plus Platinum 2015 and named among India’s Most Sustainable companies.

2017

CSR ranked 8th among top 100 companies in India by IIM Udaipur.
Received CII-ITC Sustainability Award 2016 for Outstanding Accomplishment.
Bagged Silver Award for excellence in financial reporting for Annual Report 2015 from ICAI.

2018

First Indian cement company to publish Environmental Product Declaration for blended cement products across 17 plants.
First cement company awarded GreenPro certification for all blended cement products by CII.
Inked 100th Green Building Centre partnership in Salem, Tamil Nadu.
Launched ACC Leak Block Waterproof Plaster.
CSR project Clean & Green Madukkarai entered Guinness Book of World Records as largest recycling lesson.

2019

Set world record for pumping concrete over 2.5 kilometers.
Named Most Preferred Brand in cement category at National Real Estate Leadership Congress and Awards.
2018 annual report awarded by South Asian Federation of Accountants for reliability and transparency.
Awarded Certificate of Recognition for Corporate Governance by Institute of Company Secretaries of India.
Jamul unveiled 5.35 MW solar photovoltaic plant.

2020

ACC Wadi won award for Energy Efficient Unit.
Sustainability Development Report 2018 won Gold trophy in Environmental Communications.
Won Bronze Award in External Magazines category for Indian Concrete Journal.

2021

Five mines received 5 Star rating at National Conclave on Mines & Minerals.
Ranked among Top 25 Coolest Workplaces in India by Business Today.
ACC Gold Water Shield Cement received Efficient Solution Label by Solar Impulse Foundation.
ACC Trust's DISHA Skill Development Programme received 19th FICCI CSR Awards.

2022

Expanded capacity by 1.6 MTPA at Tikaria grinding unit, Uttar Pradesh.
Launched ACC Airium climate control concrete insulation system.
Ranked among top 2 most employee-friendly infrastructure and construction companies in India.
Launched ACC Gold Water Shield water-repelling cement.
Launched #BuildingIndia campaign.

2023

Commencement of commercial production at Ametha Plant, Katni, Madhya Pradesh.
Commitment to sustainable construction in Mumbai Coastal Road Project.
Launched new ad film ‘Bharosa Atoot’.
Recognised as Iconic Brands of India 2023.
Launched General Duty Assistant Program.
Launched world-class Cement and Concrete R&D Facility with Ambuja Cements.

2024

Set up flour mill in Yavatmal District, Maharashtra.
Thondebhavi Plant wins International Safety Award.
Acquisition of Asian Concretes and Cements Pvt Limited at Rs. 775 crore enterprise value.
Bargarh plant recognised for Superior Safety Practices by Government of Odisha and Indian Chamber of Commerce.
Initiatives to improve water governance and management for rural communities.

2025

Approval of Scheme of Amalgamation of ACC Ltd. with Ambuja Cements Ltd.
First Indian Cement Company to Become a TNFD Adopter.
Strengthens World’s Highest Railway Arch Bridge.
Ambuja Cements and ACC Become India’s Leading Cement Companies with Net-Zero Targets Validated by the SBTI.

ACC Ltd

Company History