ACC - Aggressive Growth, Margin Levers To Narrow Down Valuation Gap: ICICI Direct

BQ Prime’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy. .ICICI Direct Report.ACC Ltd. (now Adani Group conglomerate part) is a large cement player with capacity of over 34.5 million tonne in India and one of the oldest cement players in industry. ACC also manufactures ready-mix concrete and has 50 plants across India.Key triggers for future performance:The recently concluded deal (worth $6.5 billion) between Holcim and Adani has now made Adani Group the second largest cement player in the industry with a combined total cement capacity of 67.5 million tonne (ACC plus Ambuja Cements Ltd.). Post the deal, Adani now holds 63.15% stake in Ambuja Cements and 56.69% stake in ACC (of which 50.05% is held through Ambuja Cement).The Board of both these companies has also been reconstituted. Gautam Adani will be the Chairman and Non-Executive, Non-Independent Director of Ambuja Cement (promoter entity of ACC) while Karan Adani will be the Chairman and Non-Executive, Non-Independent Director of ACC.The new promoter intends to double the group’s cement capacity in next five years and become largest and most efficient cement company by 2030. .Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

ACC - Aggressive Growth, Margin Levers To Narrow Down Valuation Gap: ICICI Direct

Adani Group intends to double its cement capacity in next five years and become largest and most efficient cement company by 2030.

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