ACC Limited: Shareholding Changes as Ambuja Cements Acquires Additional Stake

ACC Limited Shareholding Update

ACC Limited , a prominent player in the Indian cement industry, has recently witnessed a significant change in its shareholding structure. Ambuja Cements, already a major shareholder, has further increased its stake in the company.

Key Points:

Acquisition Details: Ambuja Cements has acquired an additional 1,39,74,004 shares of ACC Limited.
Transaction Date: The acquisition took place on March 7, 2023.
Mode of Acquisition: The shares were purchased through open market transactions.
Price per Share: The acquisition was made at an average price of ₹1,259.53 per share.
Total Investment: The total value of this transaction amounts to approximately ₹1,760.00 crore.

Impact on Shareholding:

Pre-Transaction Stake: Prior to this acquisition, Ambuja Cements held a 50.05% stake in ACC Limited.
Post-Transaction Stake: Following the purchase, Ambuja Cements' shareholding in ACC has increased to 57.46%.

Market Implications:

This significant increase in Ambuja Cements' stake in ACC Limited could have several implications:

Enhanced Control: The increased shareholding strengthens Ambuja Cements' control over ACC Limited's operations and strategic decisions.
Potential Synergies: This move might lead to greater synergies between the two companies, potentially resulting in operational efficiencies and cost savings.
Market Perception: The substantial investment by Ambuja Cements may be viewed positively by the market, potentially impacting ACC's stock price.

About ACC Limited:

ACC Limited is one of India's leading manufacturers of cement and ready-mix concrete. With a strong presence in the Indian market, the company has been a key player in the construction and infrastructure sectors.

Conclusion:

The recent acquisition of additional shares by Ambuja Cements marks a significant development in ACC Limited's ownership structure. Investors and market analysts will be keenly watching how this increased stake might influence ACC's future strategies and performance in the competitive cement industry.

Investors are advised to monitor further announcements and financial reports from both ACC Limited and Ambuja Cements for a comprehensive understanding of the potential impacts of this shareholding change.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.65%	+1.52%	-0.15%	-3.23%	-15.10%	+6.30%

ACC , a subsidiary of the diversified Adani Group, has taken a significant step towards decarbonizing the cement industry. The company has announced a groundbreaking partnership with Coolbrook to deploy the world's first commercial RotoDynamic Heater™ (RDH™) at its Boyareddypalli Integrated Cement Plant in Andhra Pradesh, India.

Revolutionary Technology for Cement Production

The RDH™ technology aims to decarbonize the calcination phase, which is the most fossil fuel-intensive stage of cement production. This innovative system will provide clean heat to dry and enhance alternative fuels, enabling a higher substitution of fossil fuels with sustainable alternatives.

Key Features of the RDH™ Deployment

Feature	Description
CO₂ Reduction	~60,000 tonnes annually, with potential to increase 10x
Power Source	Entirely from ACC's renewable energy portfolio
Temperature	Hot gases at around 1000°C
Primary Function	Facilitating drying of alternate fuels
Follow-up Plans	At least five additional projects within two years

Advancing Sustainability Goals

This deployment aligns with ACC's ambitious sustainability targets:

Increase Alternative Fuel and Raw Materials (AFR) usage to 30% by FY28
Achieve 60% green power share by FY28
Advance towards net-zero goals by 2050 (validated by the Science Based Targets initiative)

Industry Impact and Future Outlook

Vinod Bahety, CEO of Adani Group's Cement Business, emphasized the significance of this deployment: "This is a major leap towards achieving our net-zero goals. By integrating such cutting-edge electrification solutions into our cement production, we are accelerating the shift away from fossil fuels, reducing emissions at scale, enhancing the utilization of clean energy sources, and setting a new standard for low-carbon cement manufacturing."

The partnership between ACC and Coolbrook demonstrates the real-world feasibility of clean, electrified industrial heat powered entirely by renewables. This positions ACC to spearhead India's emergence as the world's clean manufacturing cement hub.

As the world's 9th largest cement producer, with a capacity of ~107 MTPA, ACC's adoption of this technology could have far-reaching implications for the global cement industry and its efforts to reduce carbon emissions.

Conclusion

The deployment of the RotoDynamic Heater™ at ACC's Boyareddypalli plant marks a pivotal moment in the cement industry's journey towards sustainability. As the first commercial application of this technology, it sets a precedent for other cement manufacturers worldwide and reinforces ACC's position as a leader in sustainable cement production.