ACC appoints Vivek Paul as LIC nominee director effective Oct 6, 2026

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Reviewed by
Suketu GScanX News Team
Key Highlights
  • Vivek Paul appointed as Additional Director representing LIC
  • Effective date of appointment is October 6, 2026
  • Paul has 36 years of experience at LIC
  • Appointment approved via circular resolution by Board
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*this image is generated using AI for illustrative purposes only.

ACC Limited has appointed Vivek Paul as an Additional Director (Non-Executive Nominee Director) representing Life Insurance Corporation of India (LIC), with effect from October 6, 2026.

The appointment was approved by the Board of Directors via a circular resolution, based on the recommendation of the Nomination and Remuneration Committee. This disclosure was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Profile and background

Vivek Paul brings extensive experience from his tenure at LIC. He joined the insurance giant in 1989 as an Assistant Administrative Officer. His career spans 36 years, covering administrative functions and insurance marketing roles across various levels of LIC offices.

Key highlights of his professional journey include:

  • Education: Post-Graduate in Physics from Delhi University; Fellow of the Insurance Institute of India; completed a one-year Post Graduate Executive Programme at IIM Ahmedabad.
  • Leadership Roles: Served as Branch In-charge, Marketing Manager, Senior Divisional Manager (I/C), and in Pension & Group Insurance Units.
  • Recent Positions: Prior to this appointment, he served as Regional Manager (Pension & Group Schemes), Northern Zone, Delhi. He assumed charge as Additional Director (Management Development Centre) on April 9, 2025.

Regulatory disclosures

The company confirmed that Vivek Paul is not related to any director currently serving on the Board of ACC Limited. Furthermore, he is not debarred from holding the office of Director by virtue of any order passed by SEBI or any other authority.

The full disclosure details are enclosed in Annexure A of the filing and will be posted on the company's website. The appointment underscores the continued representation of major institutional shareholders in the company's governance structure.

Historical Stock Returns for ACC

1 Day5 Days1 Month6 Months1 Year5 Years
-0.62%-3.01%-8.32%-11.23%-36.35%-48.01%

How might Vivek Paul's background in pension and group insurance influence ACC Limited's long-term capital allocation strategy?

Will LIC's enhanced representation on the board lead to stricter ESG compliance standards for ACC's cement operations?

What impact could this appointment have on ACC's dividend policy given LIC's focus on stable income generation?

ACC commissions 2.4 MTPA grinding plant at Salai Banwa

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Reviewed by
Naman SScanX News Team
Key Highlights
  • ACC has commissioned a new 2.4 MTPA cement grinding plant at Salai Banwa
  • An additional 1 MTPA blending capacity has been added at the Kalamboli facility
  • The two additions expand ACC's manufacturing presence across multiple locations
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ACC has commissioned a new 2.4 MTPA cement grinding plant at Salai Banwa, alongside the addition of 1 MTPA blending capacity at its Kalamboli facility.

Capacity additions at a glance

The two developments mark a simultaneous expansion across different geographies and functions within ACC's manufacturing network. The table below summarises the key details of both capacity additions.

Facility Location Capacity Added Type
New plant Salai Banwa 2.4 MTPA Cement grinding
Existing facility Kalamboli 1 MTPA Blending capacity

Expansion details

The Salai Banwa unit is a greenfield cement grinding plant with a rated capacity of 2.4 MTPA, strengthening ACC's production base. The Kalamboli facility, meanwhile, has received an incremental 1 MTPA blending capacity, augmenting its existing operations.

Historical Stock Returns for ACC

1 Day5 Days1 Month6 Months1 Year5 Years
-0.62%-3.01%-8.32%-11.23%-36.35%-48.01%
Disclaimer: This article is AI-generated using data from LiveSquawk. ScanX is not liable for any inaccuracies.

How will the additional 3.4 MTPA capacity influence ACC's market share in the western and central Indian cement markets?

What are the projected capital expenditure implications and expected payback periods for these specific capacity expansions?

How might this increased supply capacity affect regional cement pricing dynamics given current demand trends?

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1 Year Returns:-36.35%