ACC plans to increase its focus on green and sustainable products
ACC Ltd plans to increase clinker capacity by 2.7 million tonne per annum (mtpa) and cement capacity by 4.8 mtpa.The company will also increase its focus on green and sustainable products.ACC, in its Annual Report, presented its plans and growth forecasts. It is working on different methods to scale up the sales. The company sales have increased by around 13% to 28.89 million tonnes (mt) Vs 25.53 mt YoY.India is among the top cement producers worldwide, with an estimated cumulative established capacity of 551 million Tonnes per annum in 2021.It is additionally the second-largest consumer of cement, though per capita cement consumption remains below the global average, leaving significant headroom for development.Cement demand increased by 11-13% YoY in CY 2021. Continuing demand for affordable housing in rural areas, surging demand in the urban builder segment, and government infrastructure spending will remain vital drivers for cement usage.Individual Home Builder and Ground+ Three Storey(G+3) are ACC’s largest customer segments. This strong network has moved about 79% of cement sales in the retail sector in CY 2021. Gold Water Shield (Water Repellent Cement) continues to be a market leader in the premium category.Image Source
Also read: ACC net profit Q3 FY22: 24% jump in net profit at Rs 450.21 crore