Secretarial Division

ACC Limited
Registered Office
Cement House
121, Maharshi Karve Road
Mumbai - 400 020, India

No. ACC/Sec./SE/21/023 CIN: L26940MH1936PLC002515

March 11, 2021
Phone: +91 22 41593321
Fax: +91 22 6631 7458
National Stock Exchange BSE Limited www.acclimited.com
of India Limited Corporate Relations
Exchange Plaza, 5th Floor Department
Plot No.C/1, G Block, P.J. Towers, Dalal Street
Bandra Kurla Complex, Mumbai 400 001
Bandra (East), Mumbai 400 051 Tel.: 2272 8013/15/58/8307
Tel.: 2659 8235/36 8458 Scrip Code: 500410
Scrip Code: ACC

Dear Sirs,

Sub: Disclosure under SEBI (Listing Obligations and Disclosure Requirements)

Regulations, 2015 - Electronic copy of the Notice of the 85th Annual General Meeting
(“AGM”) of ACC Limited (“Company”) along with Integrated Annual Report for the
Financial Year ended December 31, 2020

Pursuant to the applicable provisions of SEBI (Listing Obligations and Disclosure

Requirements) Regulations, 2015, as amended from time to time, (“Listing Regulations”),
we wish to inform that the 85th Annual General Meeting (“AGM”) of the Company will
be held on Wednesday, April 7, 2021 at 3.00 PM through Video Conferencing/Other
Audio Visual Means (“VC/OAVM”) facility.

Accordingly, in pursuance of Regulation 34(1) of the Listing Regulations, the Company

hereby submits enclosed electronic copy of its Annual Report along with the Notice of 85th
AGM including the financial statements for the year ended December 31, 2020 ("Annual
Report") being sent by email to those Members whose e-mail addresses are registered with
the Company/Depository Participant(s) and with the Company's Registrar and Transfer
Agent, KFIN Technologies Private Limited (“KFintech”) [Formerly known as Karvy Fintech
Private Limited]. The requirements of sending physical copy of the Annual Report to the
Members have been dispensed with vide MCA Circulars and SEBI Circulars.

In terms of Regulation 46 of the Listing Regulations, the said Annual Report and Notice of
85th AGM and other relevant documents has also been uploaded on the website of the
Company at www.acclimited.com and we request you to also upload them on your
website www.bseindia.com and www.nseindia.com.

Also, further to the Newspaper Advertisements regarding the AGM through VC/OAVM
Facility which was submitted to BSE Limited and National Stock Exchange of India
Limited vide our letter dated March 08, 2021, Members of the Company holding shares in
physical form who have not registered their e-mail addresses with the Company can
obtain the Notice of the AGM, Annual Report and/or login details for joining the AGM
through VC/OAVM facility including e-voting, by sending scanned copy of signed
request letter mentioning your name, folio number and complete address; self-attested
scanned copy of the PAN Card and any document (such as AADHAAR Card, Driving
License, Election Identity Card, Passport) in support of the address of the Member as
registered with the Company, to the e-mail address of the Company at ACC-
[email protected]. Members holding shares in demat form can update their e-
mail address with their Depository Participant.

Further, in terms of Section 108 of the Companies Act, 2013 read with Rule 20 of the
Companies (Management and Administration) Rules, 2014, as amended and Regulation
44 of the Listing Regulations, the Company is providing the facility to its Members
(holding shares either in physical or dematerialized form) to exercise their right to vote by
electronic means on any or all of the businesses specified in the Notice convening the 85th
AGM of the Company (Remote e-voting).

The Company is also offering the facility to the Members to cast their vote electronically
during the AGM. Accordingly, the Company has fixed Wednesday, March 31, 2021 as the
cut-off date to determine the eligibility of the members to cast their vote by electronic
means and e-voting during the AGM scheduled to be held on Wednesday, April 7, 2021
through VC/OAVM Facility.

Accordingly, the voting rights of Members shall be in proportion to their share in the paid
up equity share capital of the Company as on the cut-off date of Wednesday, March 31,
2021.

We request you to take the above information on record.

Yours Sincerely
For ACC Limited
Digitally signed by Rajiv Kumar Choubey

Rajiv Kumar DN: c=IN, o=Personal, title=0497,

pseudonym=355818b29ebc96f8e3794dc90a1c33
88eef74e44c92b657a9ba9c2b0e890f4b2,
postalCode=400054, st=Maharashtra,

Choubey
serialNumber=025caabe7cb51d29f8808c05f5300
01a06f465f207bd5b2421e9c8ac305140e1,
cn=Rajiv Kumar Choubey
Date: 2021.03.11 20:19:46 +05'30'

Rajiv Choubey
Chief Legal Officer & Company Secretary
ACS-13063

Encl.: As above
Notice

ACC Limited
Registered Office: Cement House, 121, Maharshi Karve Road, Mumbai – 400 020
CIN: L26940MH1936PLC002515 Phone No.: +91 22 41593321
E-mail: [email protected] Website: www.acclimited.com
NOTICE IS HEREBY GIVEN THAT THE 85th ANNUAL GENERAL Remuneration Committee and the approval of the
MEETING OF ACC LIMITED (‘the Company’) will be held on Board of Directors of the Company, Mr M. R. Kumar
Wednesday, April 7, 2021 at 3:00 p.m. IST through Video (DIN: 03628755), who was appointed as an Additional
Conferencing (‘VC’)/Other Audio Visual Means (‘OAVM’) to Director with effect from October 19, 2020 pursuant
transact the following business: to the provisions of Section 161 and other applicable
provisions of the Act to hold Office up to the date of
ORDINARY BUSINESS this Annual General Meeting and in respect of whom
1. To consider and adopt: the Company has received a notice in writing under
Section 160 of the Act, proposing his candidature for
a) the Audited Standalone Financial Statements
the office of Director, be and is hereby appointed as a
of the Company for the Financial Year ended
Director of the Company, liable to retire by rotation.”
December 31, 2020, together with the Reports of
the Board of Directors and the Auditors thereon; 6. To ratify the Remuneration of Cost Auditors
and
To consider and, if thought fit, to pass the following
b) the Audited Consolidated Financial Statements Resolution as an Ordinary Resolution:
of the Company for the Financial Year ended
“RESOLVED THAT pursuant to Section 148 and other
December 31, 2020, together with the Report of
applicable provisions, if any, of the Companies Act, 2013
the Auditors thereon.
read with the Companies (Audit and Auditors) Rules,
2. To declare Dividend on equity shares for the Financial 2014, including any amendment(s), modification(s)
Year ended December 31, 2020. or variation(s) thereto, the Company hereby ratifies
the remuneration of `7.00 Lakhs (Rupees Seven
3. To appoint a Director in place of Mr Jan Jenisch
Lakhs) plus applicable taxes and reimbursement of
(DIN: 07957196), a Non-Executive/Non-Independent
out-of-pocket expenses payable to Messrs D C Dave &
Director who retires by rotation and being eligible,
Co, Cost Accountants (Firm Registration No.: 000611),
offers himself for re-appointment.
who have been appointed by the Board of Directors
4. To appoint a Director in place of Mr Narotam Sekhsaria on the recommendation of the Audit Committee, as
(DIN: 00276351), a Non-Executive/Non-Independent Cost Auditors of the Company, to conduct the audit
Director who retires by rotation and being eligible, of the cost records maintained by the Company as
offers himself for re-appointment. prescribed under the Companies (Cost Records and
Audit) Rules, 2014, as amended, for the Financial Year
SPECIAL BUSINESS ending December 31, 2021;
To approve the appointment of Mr M. R. Kumar
5. 
RESOLVED FURTHER THAT the Board of Directors

(DIN: 03628755) as a Director of the Company
of the Company be and is hereby authorised to do
To consider and, if thought fit, to pass, the following all such acts, deeds, matters and things as may be
Resolution as an Ordinary Resolution: considered necessary, desirable and expedient for
giving effect to this Resolution.”
“RESOLVED THAT pursuant to the provisions of
Sections 149, 152, 160 and all other applicable By Order of the Board of Directors,
provisions of the Companies Act, 2013 (the ‘Act’) read For ACC Limited
with the Companies (Appointment and Qualification
of Directors) Rules, 2014 and other applicable rules, Rajiv Choubey
Chief Legal Officer & Company Secretary
if any {including any statutory modification(s), Mumbai ACS No.: 13063
amendment(s) or re-enactment(s) thereof for the time February 11, 2021
being in force}, Securities and Exchange Board of India Registered Office:
(Listing Obligations and Disclosure Requirements) Cement House
Regulations, 2015, as amended, & subject to the 121, Maharshi Karve Road
provisions of Articles of Association of the Company Mumbai – 400 020
and basis the recommendation of Nomination &
2 Notice (Contd.)

Notes remote e-Voting. The said Resolution/Authorisation

1. In view of COVID-19 pandemic, social distancing shall be sent to the Scrutiniser by e-mail through its
norms and restrictions on movement of persons at registered e-mail address at [email protected]
several places in the country and pursuant to General with a copy marked at [email protected].
Circular Nos. 14/2020, 17/2020, 20/2020 and 02/2021
5. The voting rights of Members shall be in proportion
dated April 8, 2020, April 13, 2020, May 5, 2020 and
to their share in the paid-up equity share capital of
January 13, 2021, respectively issued by the Ministry
the Company as on the cut-off date of Wednesday,
of Corporate Affairs (‘MCA’) (collectively referred to
March 31, 2021.
as ‘MCA Circulars’) and Circular Nos. SEBI/HO/CFD/
CMD1/CIR/P/2020/79 and SEBI/HO/CFD/CMD2/ 6. The Company’s Statutory Auditors, M/s Deloitte
CIR/P/2021/11 dated May 12, 2020 and January Haskins & Sells LLP, were appointed as Statutory
15, 2021, respectively issued by the Securities and Auditors of the Company for a period of five (5)
Exchange Board of India (collectively referred to as consecutive years at the AGM held on March 29, 2017
‘SEBI Circulars’) permitted the holding of the Annual on the remuneration to be determined by the Board
General Meeting (‘AGM’) through VC/OAVM, without of Directors. Pursuant to the amendment made by
the physical presence of the Members. In compliance the Companies (Amendment) Act, 2017, effective
with the provisions of the Companies Act, 2013 from May 7, 2018, it is no longer necessary to seek
(‘the Act’), SEBI (Listing Obligations and Disclosure the ratification of the shareholders for continuance
Requirements) Regulations, 2015, as amended (‘the of the above appointment. Hence, the Company is not
Listing Regulations’), MCA Circulars and SEBI Circulars, seeking the ratification of the shareholders for the
the AGM of the Company is being held through VC/ appointment of the Statutory Auditors.
OAVM which does not require physical presence
7. Dividend on Equity shares as recommended by the
of members at a common venue. The proceedings
Board of Directors for the year ended December 31,
of the AGM will be deemed to be conducted at the
2020, if approved at the AGM, will be payable, to those
Registered Office of the Company which shall be the
Members of the Company who hold shares:
deemed Venue of the AGM.
(i) In dematerialised (‘demat’) mode, based on
2. An Explanatory Statement, pursuant to Section 102(1)
the beneficial ownership details to be received
of the Act, relating to Special Business set out under
from National Securities Depository Limited
Item Nos. 5 & 6, of the accompanying Notice are
and Central Depository Services (India) Limited
annexed hereto. A statement providing additional
as at the close of business hours on Wednesday,
details of the Directors along with their brief profile
March 31, 2021.
who are seeking appointment/ re-appointment as set
out at Item Nos. 3 to 5 of the Notice dated February (ii) In physical mode, if their names appear in the
11, 2021 is annexed herewith as required under Company’s Register of Members or its Registrar
Regulation 36 of the Listing Regulations, as amended and Transfer Agents on Wednesday, March 31,
and the Secretarial Standards on General Meetings 2021.
issued by the Institute of Company Secretaries of India
The dividend will be payable on or after April 21, 2021.
(‘ICSI’).
8. Under the Act, dividends that are unclaimed/
3. Since this AGM is being held through VC/OAVM,
unpaid for a period of seven (7) years from the
physical attendance of Members has been dispensed
date of their transfer to the unclaimed/unpaid
with in line with the MCA Circulars and the SEBI
dividend account are required to be transferred to
Circulars. Accordingly, the facility for appointment of
the Investor Education and Protection Fund (‘IEPF’)
proxies by the Members will not be available for the
administered by the Central Government. An amount
AGM and hence the Proxy Form and Attendance Slip
of `2,87,57,089 (Rupees Two Crore Eighty Seven
are not annexed to this Notice.
Lakhs Fifty Seven Thousand and Eighty Nine) being
4. Institutional/Corporate Shareholders (i.e. other unclaimed/unpaid Final Dividend of the Company
than individuals/HUF, NRI, etc.) are required to for the financial year ended December 31, 2012 and
send a scanned copy (PDF/JPG Format) of its Board `1,68,52,517 (Rupees One Crore Sixty Eight Lakhs Fifty
or governing body Resolution/Authorisation etc., Two Thousand Five Hundred and Seventeen) being
authorising its representative to attend the AGM unclaimed/unpaid Interim Dividend of the Company
through VC/OAVM on its behalf and to vote through for the Financial Year ended December 31, 2013 were

ACC Limited I Integrated Report 2020

 3

transferred on September 24, 2020 and December 29, shares by making an application to the IEPF by
2020 respectively to IEPF. The last date for claiming following the procedure as detailed in the IEPF
unclaimed and unpaid dividends declared by the Rules and as enumerated on the website of IEPF at
Company for the Financial Year ended December 31, http://www.iepf.gov.in/IEPF/refund.html.
2013 and thereafter is as under:
9. To prevent fraudulent transactions, Members are
Last date advised to exercise due diligence and notify the
of claiming Company of any change in address or demise of
Date of unpaid/
declaration unclaimed
any Member as soon as possible. Members are also
Financial Year ended of Dividend Dividend advised to not leave their demat account(s) dormant
31.12.2013 (76th Final) 09.04.2014 16.05.2021 for long. Periodic statement of holdings should be
31.12.2014 (77th Interim) 24.07.2014 30.08.2021 obtained from the concerned Depository Participant
31.12.2014 (77th Final) 20.03.2015 26.04.2022 (‘DP’) and holdings should be verified from time to
time.
31.12.2015 (78th Interim) 17.07.2015 23.08.2022
31.12.2015 (78th Final) 13.04.2016 19.05.2023 10. As per the provision of Section 72 of the Act,
31.12.2016 (79th Interim) 26.07.2016 01.09.2023 facility for making nomination(s) is now available to
31.12.2016 (79th Final) 29.03.2017 05.05.2024 Individuals holding shares in the Company. Members
31.12.2017 (80th Interim) 17.07.2017 23.08.2024 holding shares in physical form may obtain the
31.12.2017 (80th Final) 13.06.2018 20.07.2025 Nomination Form from the Company’s website at
31.12.2018 (81st Final) 22.03.2019 28.04.2026 www.acclimited.com or KFintech. Members holding
shares in demat mode should file their nomination
31.12.2019 (82nd Interim) 12.05.2020 17.06.2027
with their DPs for availing this facility.
Members who have not encashed their dividend
11. Members holding shares in physical form, in identical
warrants/demand drafts so far in respect of the
order of names, in more than one folio are requested
aforesaid periods, are requested to make their claims
to send to the Company or KFintech, the details
to KFin Technologies Private Limited, Registrar and
of such folios together with the share certificates
Share Transfer Agent of the Company (‘RTA’), (Formerly
for consolidating their holdings in one folio. A
known as Karvy Fintech Private Limited) (‘KFintech’)
consolidated share certificate will be issued to such
or the Chief Legal Officer & Company Secretary of
Members after making requisite changes.
the Company, at the Company’s Registered Office,
well in advance of the above due dates. Pursuant to 12. In case of joint holders, the Member whose name
the provisions of IEPF Authority (Accounting, Audit, appears as the first holder in the order of names as
Transfer and Refund) Rules, 2016, as amended (‘IEPF per the Register of Members of the Company will be
Rules’), the Company has uploaded the details of entitled to vote at the AGM.
unpaid and unclaimed amounts lying with the
13. As per Regulation 40 of the Listing Regulations,
Company as on July 6, 2020 (date of the last AGM) on
securities of the listed companies can only be
the website of the Company at www.acclimited.com
transferred in demat form with effect from April 1,
and also on the website of the Ministry of Corporate
2019, except in case of request for transmission or
Affairs at www.mca.gov.in.
transposition of securities. In view of this and to
Further, pursuant to the provisions of Section 124 of eliminate all risks associated with physical shares and
the Act read with the relevant Rules made thereunder, for ease of portfolio management, Members holding
shares on which dividend has not been paid or claimed shares in physical form are requested to consider
for seven (7) consecutive years or more shall be converting their holding to demat form. Members can
transferred to the IEPF as notified by the Ministry of contact the Company or KFintech for assistance in this
Corporate Affairs. regard.
In accordance with the IEPF Rules, the Company has 14. Members are requested to note that SEBI, vide its
sent notices to all the Shareholders whose shares are circular no. SEBI/HO/MIRSD/RTAMB/CIR/P/2020/166
due for transfer to the IEPF and has also published the dated September 7, 2020 has fixed March 31, 2021
details thereof in notices published in newspapers. as the cut-off date for re-lodgment of physical share
transfer requests and has stipulated that such
The Members whose dividend/shares are
transferred shares shall be issued only in demat mode.
transferred to the IEPF may claim the dividend/

Cementing relationships through Sustainability. Innovation. Inclusivity.

4 Notice (Contd.)

15. SEBI has made it mandatory for all Companies to use address, telephone/mobile numbers, PAN, mandates,
the bank account details furnished by the Depositories nominations, power of attorney, bank details such as
and the bank account details maintained by the RTA for name of the bank and branch details, bank account
payment of dividend to Members electronically. The number, MICR code, IFSC code, etc., to their DPs in
Company has extended the facility of electronic credit case the shares are held by them in electronic form
of dividend directly to the respective bank accounts and to KFintech having address at KFin Technologies
of the Member(s) through Electronic Clearing Service Private Limited, Selenium Building, Tower B, Plot Nos.
(ECS)/National Electronic Clearing Service (NECS)/ Real 31-32, Gachibowli Financial District, Nanakramguda,
Time Gross Settlement (RTGS)/ Direct Credit/ IMPS/ Hyderabad – 500 032, in case the shares are held by
NEFT etc. them in physical form.
In order to receive the dividend without loss of 17. Members seeking any information with regard to
time, the Members holding shares in physical form the Accounts or any matter to be placed at the AGM,
are requested to submit particulars of their bank Register of Directors and Key Managerial Personnel
accounts along with the original cancelled cheque and their shareholding maintained under Section 170
bearing the name of the Member to KFintech/ of the Act, Register of Contracts or Arrangements
Company to update their bank account details and in which Directors are interested under Section
all the eligible shareholders holding shares in demat 189 of the Act and relevant documents referred to
mode are requested to update with their respective in the accompanying Notice and in the Explanatory
DPs before Wednesday, March 31, 2021, their correct Statement are requested to write to the Company
Bank Account Number, including 9 Digit MICR Code on or before Friday, April 2, 2021 through e-mail on
and 11 digit IFSC Code, e-mail ID and Mobile No(s). [email protected]. The same will
be replied by the Company suitably.
Members holding shares in physical form may
communicate these details to the RTA viz. KFintech 18. In compliance with the aforesaid MCA Circulars and
having address at KFin Technologies Private Limited, SEBI Circulars, the Notice of the AGM is being sent
Selenium Building, Tower B, Plot Nos. 31-32, Gachibowli only through electronic mode to those Members
Financial District, Nanakramguda, Hyderabad – 500 whose e-mail addresses are registered with the
032, before Wednesday, March 31, 2021 by quoting Company/DPs. Members may note that the Notice
the reference folio number and attaching photocopy of the AGM and the Annual Report for the Financial
of the cheque leaf of their active bank account and Year 2020 will also be available on the Company’s
a self-attested copy of their Permanent Account website at www.acclimited.com, websites of the
Number (‘PAN’) card. Stock Exchanges, i.e. BSE Limited and The National
Stock Exchange of India Limited at www.bseindia.com
This will facilitate the remittance of the dividend amount
and www.nseindia.com respectively, and on the
as directed by SEBI in the bank account electronically.
website of KFintech at www.evoting.kfintech.com.
Updation of e-mail IDs and Mobile No(s) will enable the
Members may also note that pursuant to Sections
Company in sending communication relating to credit of
101 and 136 of the Act read with the Rules framed
dividend, un-encashed dividend, etc.
thereunder, the Notice calling the AGM along with
The Company or KFintech cannot act on any request the Annual Report for the Financial Year 2020 were
received directly from the Members holding shares in being sent by electronic mode to those Members
demat form for any change of bank particulars. Such whose e-mail addresses are registered with the DPs
changes are to be intimated only to the DPs of the or the Company/KFintech, unless the Members have
Members. Further, instructions, if any, already given requested for a physical copy of the same.
by them in respect of shares held in physical form
19. Attendance of the Members attending the AGM
will not be automatically applicable to shares held in
through VC/OAVM shall be counted for the purpose
electronic mode.
of reckoning the quorum under Section 103 of the Act.
16. Members are requested to intimate changes, if any,
pertaining to their name, postal address, e-mail

ACC Limited I Integrated Report 2020

 5

20. Members are requested to send all communications 24. A Resident individual shareholder with PAN and
relating to shares and unclaimed dividends, change of who is not liable to pay income tax can submit a
address, bank details, e-mail address etc. to the RTA at yearly declaration in Form No. 15G/15H, to avail the
the following address: benefit of non-deduction of tax at source by e-mail to
[email protected] or
KFin Technologies Private Limited [email protected] latest by Saturday, April 3,
(Formerly known as Karvy Fintech Private Limited) 2021. Shareholders are requested to note that in case
Selenium Building, Tower B, Plot Nos. 31-32, their PAN is not registered, the tax will be deducted at
Gachibowli, Financial District, Nanakramguda, a higher rate of 20% excluding surcharge & cess.
Hyderabad, Telangana – 500 032.
Non-resident shareholders can avail beneficial rates
If the shares are held in electronic form, then change under tax treaty between India and their country of
of address and change in the bank accounts etc. residence, subject to providing necessary documents,
should be furnished to their respective DPs. i.e. No Permanent Establishment and Beneficial
Ownership Declaration, Tax Residency Certificate,
21. Members are requested to
Form 10F, any other document which may be required
i. Intimate to KFintech, changes, if any, in their to avail the tax treaty benefits by sending an e-mail to
registered addresses, in case of shares held in [email protected] or
physical form [email protected] latest by Saturday, April 3,
2021.
ii. Intimate to the respective DPs, changes, if any, in
their registered addresses, in case of shares held 25. Since the AGM will be held through VC/OAVM, the
in demat form Route Map is not annexed with this Notice.
iii. Quote their folio numbers/ Client ID/ DP ID in all
26. 
Instructions for e-Voting and joining the
correspondence
AGM are as follows
iv. Consolidate their holdings into one folio in case
A. Voting Through Electronic Means
they hold shares under multiple folios in the
i. In compliance with the provisions of Section 108
identical order of names
of the Act, read with Rule 20 of the Companies
v. Register their PAN with their DPs, in case of (Management and Administration) Rules, 2014,
shares held in demat form and KFintech/ as amended from time to time, Secretarial
Company, in case of shares held in physical form, Standards on General Meetings (‘SS-2’) issued
as directed by SEBI by the ICSI and Regulation 44 of the Listing
Regulations read with the MCA Circulars & the
22. Members may please note that SEBI has made PAN SEBI Circulars, the Members are provided with
as the sole identification number for all participants the facility to cast their vote electronically,
transacting in the securities market, irrespective through the e-Voting services provided by
of the amount of such transactions. Members may KFintech, on all the resolutions set forth in this
please note that SEBI has also made it mandatory for Notice. The instructions for e-Voting are given
submission of PAN in the following cases: herein below and facility for those Members
(i) Deletion of name of the deceased shareholder(s) participating in the AGM to cast vote through
(ii) Transmission of shares to the legal heir(s) and e-Voting system during the AGM.
(iii) Transposition of shares
ii. The remote e-Voting period commences on
23. Pursuant to the Finance Act, 2020, dividend income is Saturday, April 3, 2021 (9:00 a.m. IST) and
taxable in the hands of shareholders with effect from ends on Tuesday, April 6, 2021 (5:00 p.m. IST).
April 1, 2020 and the Company is required to deduct During this period, Members holding shares
tax at source from dividend paid to shareholders at the either in physical form or in demat form, as on
prescribed rates. For the prescribed rates for various Wednesday, March 31, 2021, i.e. cut-off date,
categories, the shareholders are requested to refer to may cast their vote electronically. The e-Voting
the Finance Act, 2020 and amendments thereof. The module shall be disabled by KFintech for voting
shareholders are requested to update their PAN with thereafter. Those Members, who will be present
KFintech (in case of shares held in physical mode) and in the AGM through VC/OAVM facility and have
DPs (in case of shares held in demat mode). not cast their vote on the Resolutions through

Cementing relationships through Sustainability. Innovation. Inclusivity.

6 Notice (Contd.)

remote e-Voting and are otherwise not barred existing User ID and password for casting
from doing so, shall be eligible to vote through your vote
e-Voting system during the AGM. A person who
c) After entering these details appropriately,
is not a Member as on the cut-off date should
click on “LOGIN”
treat this Notice for information purposes only.
d) You will now reach password change menu
iii. The Board of Directors have appointed Mr Atul
wherein you are required to mandatorily
Mehta, Partner, failing him, Ms Ashwini
change your password. The new password
Inamdar, Partner, of M/s Mehta & Mehta,
shall comprise minimum 8 characters
Practicing Company Secretaries as a Scrutiniser
with at least one uppercase (A-Z), one
to scrutinise the voting process in a fair and
lower case (a-z), one numeric value (0-9)
transparent manner.
and a special character (@, #, $, %, etc). The
iv. The Members who have cast their vote by remote system will prompt you to change your
e-Voting prior to the AGM may also attend/ password and update your contact details
participate in the AGM through VC/OAVM but like mobile number, e-mail ID etc. on first
shall not be entitled to cast their vote again. login. You may also enter a secret question
and answer of your choice to retrieve your
v. The voting rights of Members shall be in
password in case you forget it. It is strongly
proportion to their shares in the paid-up equity
recommended that you do not share your
share capital of the Company as on the cut-off
password with any other person and
date.
take utmost care to keep your password
vi. Any person, who acquires shares of the Company confidential
and becomes a Member of the Company after
e) You need to log-in again with the new
sending of the Notice and holding shares as of
credentials
the cut-off date, may obtain the login ID and
password in the manner as mentioned below f) On successful log-in, the system will
prompt you to select the “EVEN” for
a) If e-mail address or mobile number of the
ACC Limited
Member is registered against Folio No./
DP ID/Client ID, then on the home page of g) 
I f y o u ar e h o l din g shar e s in
https://evoting.kfintech.com, the Member demat form and had logged on to
may click “Forgot Password” and enter Folio https://evoting.kfintech.com and casted
No. or DP ID Client ID and PAN to generate your vote earlier for any other Company,
a password then your existing login id and password
are to be used
b) Member may call KFintech’s toll free
number 1-800-3454-001 h) On the voting page, enter the number
of shares (which represents the number
c) Member may send an e-mail request to
of votes) as on the cut-off date under
[email protected]
“FOR/AGAINST” or alternatively, you may
vii. The details of the process and manner for remote partially enter any number in “FOR” and
e-Voting are explained herein below partially “AGAINST” but the total number
in “FOR/AGAINST” taken together shall not
a) Launch internet browser by typing the URL
exceed your total shareholding as on the
https://evoting.kfintech.com
cut-off date, i.e. Wednesday, March 31,
b) Enter the login credentials (i.e. User ID and 2021. You may also choose the option
password). In case of physical folio, User ABSTAIN. If the Member does not indicate
ID will be EVEN followed by folio number. “FOR” or “AGAINST” it will be treated as
In case of Demat account, User ID will “ABSTAIN” and the shares held will not be
be your DP ID and Client ID. However, if counted under either head
you are already registered with KFintech
for e-Voting, you can login by using your

ACC Limited I Integrated Report 2020

 7

i) Voting has to be done for each item of the Process for registration of e-mail ID for obtaining
85th AGM Notice separately. In case you do Annual Report and user id/password for e-Voting
not desire to cast your vote on any specific and updation of bank account:
item, it will be treated as abstained
Physical Send a request to RTA of the Company,
j) Members holding multiple folios/demat Holding KFintech, at e-mail ID einward.ris@kfintech.
accounts shall vote separately for each com providing Folio No., Name of shareholder,
scanned copy of the share certificate (front
folio/demat accounts
and back), PAN (self-attested scanned copy of
k) You may then cast your vote by selecting an PAN card), AADHAAR (self-attested scanned
copy of Aadhaar Card) for registering e-mail
appropriate option and click on “SUBMIT”
address.
l) A confirmation box will be displayed. Click Following additional details need to be
“OK” to confirm else “CANCEL” to modify. provided in case of updating Bank Account
Details:
Once you have voted on the resolution(s),
a) Name and Branch of the Bank,
you will not be allowed to modify your vote b) The Bank Account type,
m) During the voting period, Members can c) Bank Account Number allotted by their
banks after implementation of Core
login any number of times till they cast
Banking Solutions,
their vote on the Resolution(s) d) 9 digit MICR Code Number,
n) Corporate/Institutional Members (i.e. e) 11 digit IFSC Code, and
f) A scanned copy of the cancelled cheque
other than individuals, HUF, NRI etc.),
bearing the name of the first shareholder.
are required to send scanned certified
Demat Please contact your DP and register your
true copy (PDF Format) of the Board
Holding e-mail address and bank account details
Resolution/Authority Letter etc., together in your demat account, as per the process
with attested specimen signature(s) of advised by your DP.
the duly authorised representative(s),
to the Scrutiniser at e-mail ID
B. Instructions for Members for attending the
[email protected] with a copy
AGM through VC/OAVM (e-AGM) are as under
marked to [email protected]. They
i. The Company has appointed KFintech to provide
may also upload the same in the e-Voting
VC facility for the 85th AGM of the Company
module in their login. The scanned image of
the above-mentioned documents should ii. Members will be provided with a facility to
be in the naming format “ACC_EVEN”. The attend the e-AGM through VC platform provided
documents should reach the Scrutiniser by KFintech. Members may access the same at
and such other person on or before Friday, https://emeetings.kfintech.com by clicking
April 2, 2021 by 5.00 p.m. IST ‘Video Conference’ and login by using the
e-Voting credentials. The link for e-AGM will be
o) In case of any query and/or grievance,
available in ‘shareholders’/members’ login where
in respect of e-Voting, Members may
the EVEN and the Name of the Company can
refer to the Frequently Asked Questions
be selected
(‘FAQs’) and e-Voting user manual
available at the download section of iii. Please note that the members who do not have
https://evoting.kfintech.com (KFintech the User ID and Password for e-Voting or have
website) or call KFintech’s toll free forgotten the User ID and Password may retrieve
No. 1800 3454 001, at [Unit: ACC the same by following the instructions provided
Limited] KFin Technologies Private in e-Voting in Note No. 26(A)
Limited at Selenium Building, Tower B,
iv. Members are encouraged to join the Meeting
Plot Nos. 31-32, Gachibowli, Financial
through Laptops with Google Chrome for better
District, Nanakramguda, Hyderabad,
experience
Telangana – 500 032 or at e-mail ID
[email protected] for any further v. Further, Members will be required to allow
clarifications access to the Camera, if any, and are requested
to use Internet with good speed to avoid any
disturbance during the meeting

Cementing relationships through Sustainability. Innovation. Inclusivity.

8 Notice (Contd.)

vi. Please note that participants using Mobile Committee, Auditors, etc. can attend the
Devices or Tablets or Laptops and are accessing 85th AGM without any restriction on account of
the internet via “Mobile Hotspot” may first-come-first-served principle
experience Audio/Video loss due to fluctuation
x. During e-Voting on the day of AGM, the e-Voting
in their respective network. It is therefore
“Thumb sign” on the left hand corner of the
recommended to use stable Wi-Fi or LAN
video screen shall be activated upon instructions
Connection to mitigate any kind of aforesaid
of the Chairman during the e-AGM proceedings.
glitches
Members may click on the same to take them
vii. Speaker registration before e-AGM: Members to the “instapoll” page (e-Voting). Members
who wish to register as speakers are requested may click on the “Instapoll” icon to reach the
to visit at https://emeetings.kfintech.com/ resolution page and follow the instructions to
and click on ‘Speaker Registration’ from Friday, vote on the resolutions
April 2, 2021 (9:00 a.m.) to Monday, April 5,
2021 (5:00 p.m.) by mentioning the demat 27. Other Instructions
account number/folio number, city, e-mail ID i. The Scrutiniser shall, immediately after the
& mobile number and submit the same. Those conclusion of the voting at the AGM, first count
Members who have registered themselves as the votes cast during the AGM, thereafter
a speaker will only be allowed to express their unblock the votes cast through remote e-Voting
views/ask questions during the e-AGM. Due to in the presence of at least two (2) witnesses not
limitations of transmission and coordination in the employment of the Company and provide,
during the e-AGM, the Company may have to not later than forty eight (48) hours of conclusion
dispense with or curtail the Speaker Session. of the AGM, a consolidated Scrutiniser’s Report
Hence, Members are encouraged to send of the total votes cast in favour or against, if any,
their questions/queries in advance at e-mail to the Chairman or a person authorised by him
ID [email protected]. The in writing, who shall countersign the same
Company reserves the right to restrict the
ii. The result declared along with the Scrutiniser’s
number of speakers depending on the availability
Report shall be placed on the Company’s website
of time for the AGM
at www.acclimited.com and on the website of
viii. Facility of joining the e-AGM shall open thirty KFintech at https://www.evoting.kfintech.com
(30) minutes before the time scheduled for the immediately. The Company shall simultaneously
AGM and will be available for Members on first forward the results to The National Stock
come first served basis and the Company may Exchange of India Limited and BSE Limited,
close the window for joining the VC/OAVM where the shares of the Company are listed.
Facility thirty (30) minutes after the scheduled Subject to receipt of the requisite number
time to start the 85th AGM of votes, the resolutions shall be deemed to
have been passed on the date of the AGM, i.e.
ix. Members may note that the VC/OAVM Facility,
Wednesday, April 7, 2021
provided by KFintech, allows participation of
1,000 Members on a first-come-first-served iii. A person, whose name is recorded in the Register
basis. The large shareholders (i.e. shareholders of Members or in the Register of Beneficial
holding 2% or more shareholding), Promoters, Owners as on the cut-off date only shall be
Institutional Investors, Directors, Key Managerial entitled to avail the facility of remote e-Voting
Personnel, the Chairpersons of the Audit or casting vote through e-Voting system during
Committee, Nomination & Remuneration the meeting
Committee and Stakeholders’ Relationship

ACC Limited I Integrated Report 2020

 9

28. The Ministry of Corporate Affairs has taken a ‘Green entitled to receive the said documents in physical
Initiative in Corporate Governance’ by allowing form free of cost at any time upon request.
companies to send documents to their shareholders
By Order of the Board of Directors,
in electronic mode. To support this green initiative For ACC Limited
and to receive communications from the Company in
electronic mode, Members who have not registered Rajiv Choubey
their e-mail addresses and are holding shares in Chief Legal Officer & Company Secretary
physical form are requested to contact the RTA of Mumbai ACS No.: 13063
the Company and register their e-mail ID. Members February 11, 2021
holding shares in demat form are requested to contact Registered Office:
their DPs. Members may please note that notices, Cement House
121, Maharshi Karve Road
annual reports, etc. will be available on the Company’s
Mumbai – 400 020
website at www.acclimited.com. Members will be

Cementing relationships through Sustainability. Innovation. Inclusivity.

10 Notice (Contd.)

EXPLANATORY STATEMENTS IN RESPECT OF ITEMS OF SPECIAL BUSINESS

The following Explanatory Statements, as required under Save and except Mr M. R. Kumar and his relatives, none of
Section 102 of the Companies Act, 2013 (‘the Act’), set out the Directors or Key Managerial Personnel or their relatives
all the material facts relating to the business proposed to are, in any way, concerned or interested, financially or
be transacted under Item Nos. 5 and 6 of the accompanying otherwise, in the Resolution set forth in Item No. 5 of this
Notice dated February 11, 2021. Notice, except to the extent of their respective shareholding,
if any, in the Company.
Item No. 5
Mr M. R. Kumar (DIN: 03628755), basis the recommendation Item No. 6
of Nomination & Remuneration Committee, was The Company is required to have its costs records audited
appointed as an Additional Director of the Company with by a Cost Accountant in practice. Accordingly, the Board
effect from October 19, 2020 pursuant to the provisions of of Directors of the Company on the recommendation of
Section 161 and other applicable provisions of the Act, by the Audit Committee, have approved the appointment of
the Board of Directors of the Company at its Meeting held Messrs D C Dave & Co, Cost Accountants (Firm Registration
on October 19, 2020. Number: 000611), as Cost Auditors of the Company for
conducting the audit of the cost records of the Company,
Mr M. R. Kumar holds office up to the date of this AGM of
for the Financial Year ending December 31, 2021 at a
the Company or the last date on which the AGM should
remuneration of INR 7.00 Lakhs (Rupees Seven Lakhs)
have been held, whichever is earlier and is eligible for
plus payment of applicable taxes and re-imbursement of
appointment as Director of the Company. In terms of
out-of-pocket expenses incurred by the Cost Auditors in
Section 160 of the Act, the Company has received a notice
connection with the aforesaid audit.
in writing from a Member signifying his intention to
propose the candidature of Mr M. R. Kumar for the office Pursuant to Section 148 of the Act read with the Companies
of a Director. (Audit and Auditors) Rules, 2014, Members of the Company
are required to ratify the remuneration proposed to be paid
The detailed profile of Mr M. R. Kumar is provided under
to the Cost Auditors.
the head ‘Additional Information of Directors being
appointed/re-appointed as required under Regulation 36(3) The Board of Directors recommends the Ordinary Resolution
of SEBI (Listing Obligations and Disclosure Requirements) set out at Item No. 6 of the accompanying Notice for
Regulations, 2015, as amended and Secretarial Standards approval by the Members of the Company.
on General Meetings issued by the Institute of Company
None of the Directors, Key Managerial Personnel of the
Secretaries of India, in order of the items mentioned in the
Company and their relatives, are in any way concerned
Notice’ which forms part of this Notice.
or interested financially or otherwise at Item No. 6 of the
Mr M. R. Kumar has furnished consent/declaration for his Notice, except to the extent of their shareholding, if any,
appointment as required under the Act and the Rules made in the Company.
thereunder.
By Order of the Board of Directors,
Mr M. R. Kumar does not hold any share in the Company, For ACC Limited
either in his individual capacity or on a beneficial basis for
any person. Rajiv Choubey
Chief Legal Officer & Company Secretary
Mr M. R. Kumar is not debarred from holding the office of Mumbai ACS No.: 13063
Director by virtue of any order of SEBI or any other such February 11, 2021
Authority. Registered Office:
Cement House
The Board of Directors, recommend the appointment of 121, Maharshi Karve Road
Mr M. R. Kumar (DIN: 03628755), as Director as set forth in Mumbai – 400 020
Item No. 5 of this Notice, for approval by the Members of
the Company.

ACC Limited I Integrated Report 2020

 11

Additional Information of Directors being appointed/re-appointed as required under Regulation

36(3) of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements)
Regulations, 2015, as amended, and Secretarial Standards on General Meetings issued by the Institute
of Company Secretaries of India, in order of the items mentioned in the Notice

1. Mr Jan Jenisch (Item No. 3)

Director Identification Number 07957196
Date of Birth September 2, 1966
Nationality German
Qualification Graduate of the University of Fribourg, Switzerland and holds an MBA degree.
Date of Appointment on Board October 17, 2017
Shareholding in ACC NIL
Brief Profile of the Director Mr. Jenisch was inducted on the Board with effect from October 17, 2017 upon
his appointment as the Chief Executive Officer (‘CEO’) of LafargeHolcim Ltd.
(‘LH’), the Ultimate Parent Company.
Mr. Jensich is a German national and has joined LH as its CEO on September 1,
2017. Prior to his joining LH, he has served with Sika AG since 1996 in various
management functions and countries.
He was appointed to the Management Board of Sika AG in 2004 as Head of
the Industry Division and served as President Asia Pacific from 2007 to 2012.
Mr. Jenisch was the Chief Executive Officer of Sika AG from 2012 and under
his leadership, it expanded into unexplored markets and set new performance
standards in sales and profitability.
Expertise in specific functional areas General Management
List of Directorships held in other companies Ambuja Cements Limited
(excluding foreign, private and Section
8 Companies)
Memberships/Chairmanships of Audit and NIL
Stakeholders’ Relationship Committees across
Public companies including ACC Limited
Details of Board/Committee Meetings Please refer the Report on Corporate Governance
attended by the Directors during the year
There are no inter se relationship between the Board Members

Cementing relationships through Sustainability. Innovation. Inclusivity.

12 Notice (Contd.)

2. Mr Narotam Sekhsaria (Item No. 4)

Director Identification Number 00276351
Date of Birth September 21, 1949
Nationality Indian
Qualification Bachelor of Chemical Engineering from Bombay University
Date of Appointment on Board December 27, 1999
Shareholding in ACC NIL
Brief Profile of the Director Mr Sekhsaria is a doyen of the Indian Cement Industry and one of the most
respected business personalities in India. He has introduced new standards in
management, marketing, efficiency and corporate social responsibility to an
industry which he has helped transform.
A first generation industrialist, Mr Sekhsaria obtained his Bachelors Degree
in Chemical Engineering with honours and distinction from the University of
Bombay. He is the Principal Founder-Promoter and current Chairman of Ambuja
Cements Limited. Mr Sekhsaria was invited to join the ACC Board in 1999 and
was appointed Deputy Chairman in January, 2000. In 2006, Mr Sekhsaria took
over as the Board’s Chairman. Mr Sekhsaria built Ambuja Cements Limited,
setting up benchmarks for the Indian Cement Industry which had not been
attained before. His acumen as an entrepreneur and technocrat transformed
the Company into the most efficient and profitable cement company in the
country and redefined industry practices by changing the perception of cement
from a commodity to a branded product.
Mr Sekhsaria has championed community development by establishing the
Ambuja Cement Foundation and nurturing it into an epitome of excellence in
social responsibility.
With his considerable wealth of experience, Mr Sekhsaria brings immense
value to the ACC Board. Under his leadership, ACC has achieved significant
improvements in the areas of project management, logistics and in overall
cost-competitiveness. The impact of his guidance shows in the high growth
trajectory ACC has experienced since 1999.
Expertise in specific functional areas Doyen of the Cement Industry, he has been responsible for transforming
the Cement Industry by setting benchmarks in the areas of Management,
Marketing & Logistics and Manufacturing Efficiencies and Sustainable
Development.
List of Directorships held in other companies Ambuja Cements Limited;
(excluding foreign, private and Section 8 JM Financial Asset Reconstruction Company Limited; and
Companies) Everest Industries Limited.
Memberships/Chairmanships of Audit and NIL
Stakeholders’ Relationship Committees across
Public companies including ACC Limited
Details of Board/Committee Meetings Please refer the Report on Corporate Governance.
attended by the Directors during the year
There are no inter se relationship between the Board Members

ACC Limited I Integrated Report 2020

 13

3. Mr M. R. Kumar (Item No. 5)

Director Identification Number 03628755
Date of Birth June 13, 1961
Nationality Indian
Qualification BSc, Licentiate
Date of Appointment on Board October 19, 2020
Shareholding in ACC NIL
Brief Profile of the Director Mr M. R. Kumar, took charge as Chairman, LIC of India on March 14, 2019. He
joined LIC of India in 1983 as a Direct Recruit Officer. In a career spanning more
than three and a half decades, he has had the unique privilege of heading three
Zones of LIC of India, viz., Southern Zone, North Central Zone and Northern
Zone, head quartered at Chennai, Kanpur and Delhi, respectively. His rich
experience working pan India, in different Zones and in different streams of
insurance management has given him a deep insight into the demographics
and insurance potential of the country.
Mr Kumar also chairs the Boards of domestic and international subsidiaries
of LIC of India viz., LIC Housing Finance Ltd, LIC Mutual Fund AMC, LIC Pension
Fund Ltd, LIC Credit Card Services Ltd, IDBI Bank Ltd, as well as the Joint ventures
on foreign soil viz., LIC (International) B.S.C.(c), Bahrain, LIC Lanka Ltd, LIC Nepal
Ltd and LIC Singapore Pte Ltd.
Mr Kumar is also a Director on the Board of Kenindia Assurance Ltd, which is a
Life and Non-life Insurance Company, based in Kenya.
Expertise in specific functional areas Insurance, Marketing, Human Resource & Pensions.
List of Directorships held in other companies LIC Housing Finance Limited;
(excluding foreign, private and Section 8 LIC Cards Services Limited;
Companies) LIC Pension Fund Limited;
LIC Mutual Fund Asset Management Limited;
IDBI Bank Limited
Memberships/Chairmanships of Audit and NIL
Stakeholders’ Relationship Committees across
Public companies including ACC Limited
Details of Board/Committee Meetings Please refer the Report on Corporate Governance.
attended by the Directors during the year
There are no inter se relationship between the Board Members

Cementing relationships through Sustainability. Innovation. Inclusivity.

Cementing relationships
through

SUSTAINABILITY

INNOVATION

INCLUSIVITY
ACC Limited
INTEGRATED REPORT 2020
Our purpose is 2020 highlights
‘To be a driving force in creating a confident future for our people, our customers, ACC’s sustainability strategy is led by our (Standalone)
our shareholders and our nation.’ Sustainable Development (SD 2030) Plan,
read more about its progress on
We realise this purpose through continued and targeted initiatives based on the fundamentals
49
of sustainability, innovation and inclusivity.

L13,487 Crore
Net Sales

L1,415 Crore
Profit After Tax

SUSTAINABILITY INNOVATION INCLUSIVITY

Progressing on our Sustainability

Development 2030 (SD 2030) Plan,
Leading with innovative best
practices, we drive efficiency and
Taking forward our legacy of
being a stakeholder-centric
L2,481 Crore*
Operating EBITDA
we continue to focus on climate deliver better value company, we are benefiting
action, building a circular economy, our key stakeholders
conserving resources and nature

9.3 MT 3.7% 6 11% 5,803 92.59%

16%*
Usage of waste Reduction in specific New products Reduction in per Number of Average employee
derived resources CO2 emissions launched tonnes cost of employees trained retention rate
materials consumed
Return on Capital Employed (RoCE)
22% 27% 7% 8.30 Lakh ~2,050
Decrease in specific Reduction in specific Ready Mix Concrete 72% CSR beneficiaries New dealers
NOx emissions dust emissions contribution to top line Capacity utilisation onboarded

SDGs impacted SDGs impacted SDGs impacted

25.53 MT
Cement Sales Volume

40 50 54

85TH ANNUAL GENERAL MEETING MT – Million Tonnes

L972*
EBITDA Per Tonne
Through Video Conference/ Other Audio Visual Means All figures as on December 31, 2020
On Wednesday, April 7th, 2021 at 3.00 pm
*excluding charges of `129 Crore
Deemed Venue: Cement House, 121, Maharshi Karve Road,
Mumbai – 400 020 (Registered Office)
Report profile

About our integrated report

Our Integrated Report 2020 <IR> provides relevant information to all our key
stakeholders about our performance, governance, material risks and opportunities,
strategy and future prospects.

SCOPE OF REPORTING
Reporting period significant influence on our ability to relevant to the way we create value for FRAMEWORKS, GUIDELINES BOARD RESPONSIBILITY REPORT NAVIGATION
The report is published annually, for create value. other key stakeholders, including our AND STANDARDS (CONTD.) STATEMENT To aid navigation and to indicate
the period between January 1, 2020 customers, regulators, employees and y National Voluntary Guidelines on The Board of Directors acknowledges cross-referencing, the following icons
and December 31, 2020. It provides Materiality the society at large. Social, Environmental and Economic its responsibility to ensure the have been used through the report.
material information relating to our Our material issues are those that Responsibilities of business integrity of this Integrated Report.
strategy and business model, operating matter most to our key stakeholders and FRAMEWORKS, GUIDELINES (NVG-SEE) The Board has accordingly applied Capitals
context, material risks, stakeholder have an impact on our ability to create AND STANDARDS its collective mind and believes the
y Task Force on Climate-related
interests, performance, prospects value. These topics are influenced by This report has been prepared in report addresses all material issues and
Financial Disclosures (TCFD)
and governance. the economic, social and environmental accordance with the GRI Standards: presents the integrated performance of
Financial capital Natural capital
context in which we operate. Comprehensive option. It aligns with y The Companies Act, 2013 (and the ACC Limited and its impact in a fair and
Reporting boundary the principles and guidelines of: rules made thereunder) accurate manner.
This report covers information Our capitals
y International <IR> framework of the y Indian Accounting Standards
pertaining but not limited to cement Our ability to create long-term value Feedback Manufactured Social and
International Integrated Reporting capital relationship capital
plants, grinding units, ready mix is interrelated and fundamentally y Securities and Exchange Board We welcome feedback on our report
Council (IIRC)
concrete plants, limestone mines, dependent on various forms of capitals of India (Listing Obligations to ensure that we continue to
captive power plants and our office available to us (inputs), how we use y Global Cement and and Disclosure Requirements) disclose information that is pertinent
premises and subsidiaries. them (value-accretive activities), our Concrete Association (GCCA) Regulations, 2015 and conducive to stakeholder
Intellectual capital Human capital
impact on them and the value we Sustainability Charter decision-making. Please refer queries
y Secretarial Standards issued by the
Financial and non-financial deliver (outputs and outcomes). or suggestions to
y United Nations Sustainable Institute of Company Secretaries
reporting [email protected]
Development Goals (UN SDGs) of India
The information in this report Targeted readers [email protected]
M S
extends beyond financial aspects and This report is primarily intended to y United Nations Global Compact
SUSTAINABILITY/ESG INDEX
includes non-financial performance, address the information requirements Principles (UNGC) Material issues Strategic focus area
opportunities, risks and outcomes of investors (our equity and prospective
attributable to or associated with investors). Our endeavour is to present GRI Index mapping document is
our key stakeholders, which have a this information in a manner that is also available on the website
Page reference

Contents
ACC Limited at Year in 
Our approach to Sustainability. Statutory Financial
a glance review value creation Innovation. reports statements
04 Who we are 12 Chairman’s statement 24 Business model Inclusivity. 70 Management Discussion 192 Standalone
and Analysis
08 Product profile 14 Managing Director and 26 Operating context 40 Sustainability, 288 Consolidated
CEO’s message
28 Stakeholder engagement
a commitment 94 Board’s Report
16 Performance
30 Materiality
50 Delivering solutions 126 Report on Corporate
through innovation Governance
20 Operational review
32 Strategy
54 Inclusivity, through 164 Business Responsibility
34 Governance growth for all Report
4 Who we are 5

Financial Statements I Statutory Reports I Integrated Report

Relationships that foster value
Incorporated in 1936, ACC Limited (ACC), is one of the leading players in the
Indian building materials market with a pan-India presence.

For over eight decades, ACC has been Over the years, we have integrated
Iconic landmarks testify synonymous with cement in India, this commitment across all aspects of
to our experience, emerging as a pioneer in a rapidly our operations. The result is that we
evolving industry scenario. It has always now have one of the lowest carbon
expertise and relentless set new benchmarks in research and footprints in the cement industry. OUR VISION OUR PARENTAGE
drive to innovate. innovative product development and Consistent focus on sustainable To be one of the most respected companies in We became a part of the Holcim Group, Switzerland, in
introduced industry-leading brands. business practices with greater use of India; recognised for challenging conventions and 2005. Subsequent to the merger of Lafarge and Holcim
ACC was also among the first Indian technologically advanced processes, delivering on our promises. in 2015, we became integral to LafargeHolcim (LH)
companies to include commitment to have enabled us to grow stakeholder Group - the world’s leading building materials player.
environmental protection as one of its value with a long-term focus and a Our well-balanced, nationwide footprint in India helps
core corporate objectives. relationships-first approach. us serve our customers with speed and efficiency. Our
Group’s guidance in terms of the usage of best-in-class
technologies enables us to thrive in a dynamic market.

ACC IN NUMBERS LH KEY FACTS

33.05 MTPA
Installed cement capacity
~70,000
Employees
269
Cement and grinding
plants

Shareholding pattern

17
Cement plants
Holderind
Investments Ltd.
(A subsidiary of LH)

9
Captive power plants Parent 63.11% 4.48%

~6,400
Employees

50.05%
56,000
Channel partners
Ownership by
Ambuja Cements Ltd.

Cement House - ACC’s Head Office in Mumbai, Maharashtra

ACC Limited I Integrated Report 2020 Cementing relationships through Sustainability. Innovation. Inclusivity.
6 Who we are (Contd.) 7

Financial Statements I Statutory Reports I Integrated Report

OUR STRENGTHS NATIONAL OUTREACH
Over the years, we have set up manufacturing and grinding units, and ready mix
concrete plants across the length and breadth of India.
Ready mix concrete plants: 80* across
17 states
Trusted brand for over 80 years Expansive offerings Financial strength and
ACC is a preferred brand of cement and As a customer-centric organisation, flexibility
Cement plants across 12 states
concrete, which has set new standards we promote a range of blended Diverse revenue streams, healthy
for the industry to emulate. cements and value added concrete free cashflow and balance
Grinding unit
solutions with advanced features sheet, and integrated operations
suitable for different applications facilitate efficient allocation and Integrated plant
and local conditions. management of capital.
Andhra Pradesh Visakhapatnam

Chhattisgarh Jamul

Himachal Pradesh Gagal 1

Gagal 2
Sustainable business model Strong emphasis on Experienced leadership and
Jharkhand Chaibasa
To create long-term value, we Environment, Sustainability strong talent pipeline
embed sustainability principles and Governance (ESG) ACC’s world-class leadership team has Sindri
across all aspects of our strategy The foundation of effective ESG a proven track record of performance
Karnataka Kudithini
and value-creation approach. management rests on robust and delivery, underpinned by ongoing talent
transparent governance and integration development and succession planning. Thondebhavi
of these considerations into the way we
Wadi 1
conduct business. ESG is aligned with
our overarching strategy and embedded Wadi 2
into our risk management framework
Madhya Pradesh Kymore
and service offerings.
Maharashtra Chanda

Odisha Bargarh

Rajasthan Lakheri

Tamil Nadu Madukkarai

Uttar Pradesh Tikaria

Corporate office Techport West Bengal Damodhar

Mumbai, Maharashtra Thane, Maharashtra

Regional sales offices Sales units

Central and Eastern region:

Kolkata, West Bengal 
Training centres
Northern region:
  CC ACL Leadership
A
New Delhi, NCR Academy
Thane, Maharashtra
Western region:

Thane, Maharashtra  CC Cement Technology
A
Institute
Southern region:

Jamul, Chhattisgarh
Bengaluru, Karnataka

Sumant Moolgaokar
Geocycle India Technical Institute
Thane, Maharashtra Kymore, Madhya Pradesh

*Plants depicted with state highlights for representation on map

Cementing relationships through Sustainability. Innovation. Inclusivity.

8 Product profile 9

Financial Statements I Statutory Reports I Integrated Report

An expansive portfolio READY MIX CONCRETE

Customised range of ready

driven by innovation
ACC Ultivacrete NX ACC Refraxcrete
mix concrete to meet specific
Highest commercial (M 140) grade Withstands high temperatures ranging
requirements of diverse clientele,
concrete available in India from 200-250oC and can be used in
from small homes to mega projects.
refractories, where pits are heated

Our ability to predict market requirements and identify consumer preferences has
enabled us to launch products backed by intense research. Our diverse product ACC Structlitecrete ACC Sustainocrete
High density cement that ranges A unique sulphate-resistant concrete
bouquet ranges from cement and construction chemicals to ready mix concrete from 1,500-1,900 kg/cum and finds that finds increasing applications
and dry mix products. exceptional utility in structural concrete, in onshore and coastal structural
making it a good insulation material requirements

ACC ready mix concrete has a vast portfolio of 24 value-added solutions designed to
CEMENT
meet different stages of construction requirement from the foundation to the roof.
To know more please visit www.acclimited.com/products/concrete-value-added-products
The Gold and Silver range of cement assure superior quality for specialised applications and environment besides being
immensely suited for general construction.

CONSTRUCTION CHEMICALS DRY MIX RANGE - FOR RETAIL CUSTOMERS

GOLD RANGE SILVER RANGE
The ACC leak block range of construction chemicals helps The dry mix range is designed to address key pain points of
ACC Gold provide 360o water resistance to structures. retail consumers. With consumer-friendly packaging and ease
Water Shield of usage, these aim to make the journey of home building
Premium cement with a easier.
unique water repellent formula,
ACC Leak Block
which acts as a shield against
Waterproof Plaster
water seepage
LB 101
Cementitious waterproof mortar and
consists of well-graded sand and special
ACC Suraksha Power ACC Suraksha Power+
waterproofing and self-curing additives
Loaded with unique strength Developed with engineered
multipliers providing homes Particle Size Distributor
ACC F2R ACC Leak Block Cement Mix ACC Xtra Strong Tile Adhesive
with strength that increases (PSD) technology, its
Superfast LB 202 XT 111
over time advanced formula along with
Scientifically developed with Integral waterproofing compound A polymer modified, cementitious
tamper-proof packaging,
superior strength and superfine adhesive, suitable for fixing of tiles on
enhances the superior quality
quality that enables robust floor and wall
construction in a short time

ACC Xtra Strong Tile on

Tile Adhesive
XT 222
A grey cement based tile adhesive used for
ACC Concrete+
fixing medium sized tiles for internal walls
Xtra Strong
and floors and tile on tile applications
Specially formulated cement with
unique binding properties designed ACC Leak Block Cement Coat
ACC HPC Long Life ACC Super Shaktimaan
to provide higher strength LB 303 ACC Xtra Strong Exterior
High-performance cement Scientifically made keeping
Advanced acrylic emulsion-based waterproofing Tile Adhesive
that forms strong bonds the consumer’s need in
and bonding compound XT 333
and makes dense concrete mind of making their homes
A grey cement based high polymer
to provide the consumer strong from the inside, year
modified tile adhesive, suitable for
with long-lasting homes after year
external wall applications

ACC Limited I Integrated Report 2020 Cementing relationships through Sustainability. Innovation. Inclusivity.
10 Product profile (Contd.) 11

Financial Statements I Statutory Reports I Integrated Report

DRY MIX RANGE – FOR INSTITUTIONAL CUSTOMERS ACC GREEN BUILDING CENTRE

This dry mix range is designed to address key pain points of institutional consumers. With large 40 kg packs, these Green Building Centre is a sustainable business model designed to provide durable and affordable housing solutions
products provide customised solutions to suit various requirements of customers for fixing tiles and stones across the to rural customers, thereby enhancing lives and enabling livelihoods.
construction cycle.

ACC USER-FRIENDLY GREEN

ACC Suraksha
ACC Suraksha Tile Fix CONCRETE PRODUCTS
Ready Use Plaster
111
101
A ready-to-use grey cement based ACC Designer Garden Benches
Consists of well-proportioned
tile adhesive used for fixing Excellent usage facility for parks, railway, platforms, schools,
blend of quality raw materials and
small-sized ceramic and mosaic gram panchayats, etc.
well-graded sand
tiles for internal application

Pre-Cast Boundary Wall

ACC Suraksha High structural efficiency and cost benefit compared to
Waterproof Plaster normal construction of boundary wall
201
Consists of well-graded sand
ACC Kerb Stones
and special waterproofing and ACC Suraksha Tile Fix
High strength perfect corners coloured designs available
self-curing additives 222
A grey cement based tile adhesive
used for fixing medium size ACC Green Cement Doors
ceramic, mosaic and vitrified tiles and Window Frames
ACC Suraksha Thin Bed
for internal walls and floors and High durability and customisable
Jointing Mortar
external floor application
105
Consists of well-graded sand,
ACC cement and special additives
WALL CONSTRUCTION PAVEMENT CONSTRUCTION
OFFERING OFFERING

ACC Suraksha Tile Fix ACC Green Bricks ACC Interlocking Paver Blocks
ACC Suraksha Grout 333 Produced by both vibro and compaction process and helps A wide range of sizes, shapes, and strengths to suit
275 A grey cement based tile adhesive in safeguarding seepage and efflorescence usage requirements
High strength, shrinkage for fixing large format vitrified,
compensated and flowable ceramic mosaic tiles, stone, marbles
ACC Green Concrete Hollow ACC Green Cement Plain
cementitious grout and granite for internal and external,
& Solid Blocks and Chequered Tiles
wall and floor applications
Cost-effective due to reduction in mortar use and superior Usage in wet areas, stairways, entrances
fire resistance and driveways

ACC ADMIX – RANGE OF CONCRETE ADMIXTURES

ACC Green AAC Blocks
ACC GREEN CONCRETE
Provides superior protection to steel rebars from rust and
ACC ADMIX range are new generation super plasticiser based on modified poly carboxylic COVER BLOCKS
corrosion and enhances the life of the roof
ether based polymers. Designed to impart exceptional performance in concrete.
High Strength ACC Concrete
ACC ADMIX ACC ADMIX Cover Block
LP-4300 HP-6500 ACC+ Green AAC Blocks Different sizes and shapes for use in various
Modified poly carboxylic ether High range of super plasticiser (PCE) Provides low density and high strength applications of a building i.e. footing, piles,
beams and slabs
ACC ADMIX ACC ADMIX
MP-5400 HVF-7900
Poly Carboxylic Ether (PCE) Special designed PCE to obtain desired rheology
of fresh concrete

ACC Limited I Integrated Report 2020 Cementing relationships through Sustainability. Innovation. Inclusivity.
12 Chairman’s statement 13

Financial Statements I Statutory Reports I Integrated Report

Staying ahead, with
responsibility and resilience
Dear Stakeholders, ACC reflects India’s new era of growth With help from our CSR arm – implementation. Our ESG agenda is 166 villages and 15 municipal areas in
ACC reflects India's new era with a strong commitment to creating ACC TRUST we procured and distributed supported by a detailed framework and the vicinity of our plants.
I wish you all good health in these
of growth with a strong lasting value for all. We have built food and ration to the poorest of comprehensive policies.
trying times. Adversity, they say, is a
our legacy by prioritising inclusive the poor from across the country. PEOPLE REMAIN AT OUR CORE
commitment to creating true test of character. At ACC, despite
growth based on mutual trust and With the help of Self Help Groups
We are redefining the contours of
Our people continue to be our key
lasting value for all. the unprecedented nature of the the cement industry by bringing
strong relationships that stand the test (SHG’s), ACC TRUST stitched and strength and every member of our
challenges we faced during the year, sustainable green products to India.
of time. distributed over 4 Lakh cloth masks. workforce played an important part in
we delivered on the expectations of We are committed to leading the way
Our teams across plant locations also delivering the business objectives and
our stakeholders, thus cementing in sustainable construction. Our latest
THE YEAR IN RETROSPECT partnered with local government goals. We are committed to developing
our relationship with them. We will product ECOPact – the Green Concrete
2020 witnessed unprecedented authorities to disinfect communities our people and I would like to thank all
continue to drive value creation with for high-performing, sustainable and
disruptions in the lives and livelihoods and surroundings. Our employees and our employees for their dedication.
focus on sustainability, innovation, circular construction was launched
of millions of people in India and associated volunteers on the ground
and inclusivity. We will continue to in Mumbai and Hyderabad. ECOPact
across the world. After significant GDP spread awareness about the need for INTO THE FUTURE
communicate our efforts on these range will be rolled out across India in a
contraction in the April to June quarter, social distancing, personal hygiene and Our exciting journey of growth and
three aspects as part of shaping the phased manner in the next few months.
the nation witnessed a gradual recovery need to wear mask to avoid the spread holistic value creation will continue
‘ACC of the future’.
in its economy. The Government has of the virus. To support daily-wagers, with the support and guidance of our
COLLECTIVE ACTION
announced strong measures to bring migrant labourers and slum-dwellers customers, employees, shareholders,
Building on our commitment to
the economy back on growth trajectory, stranded across the country during the suppliers, bankers, government and
the United Nations Sustainable
thereby increasing the momentum of lockdown, ACC supported three NGOs the Board.
Development Goals (UN SDGs), we
employment generation. The economy Praja Foundation, Roti Bank and Goonj.
have formulated a set of sustainability Taking a broader perspective, the
has begun to show growth in several These NGOs were at the forefront of
targets with a 2030 vision. It supports next few months may still be riddled
core sectors. disaster relief and distributed ration
our promise to build a better world with challenges. However, we will
kits and cooked food to thousands of
A slow but sure recovery in demand and is aimed at helping solve some of continue to draw strength from our
stranded migrant labourers. As the
growth has been in sight since the the biggest challenges communities strong relationship with our customers
COVID-19 scenario is still evolving,
July-September quarter, which is are facing today. We aim to establish and business partners, as well as our
we are mapping the developments on a
expected to pick up further, supported leadership in energy performance, use robust and resilient business model
real-time basis to ensure the health and
by policy-driven initiatives. Aggregate a circular approach in the management and our strong financials. As a strong
safety of all our stakeholders.
demand has been better in the retail of materials, waste and water, player, we are well positioned to take
and rural segments with slower pick-up and intend to develop and deliver advantage of the industry upcycle and
ENVIRONMENTAL, SOCIAL AND
from the commercial segment. climate-resilient solutions. contribute to nation-building.
GOVERNANCE (ESG) OBJECTIVES
The Government’s impetus on low cost The Board is committed to strong As we look forward to a year of recovery,
REACHING OUT TO
housing and infrastructure is expected sustainability practices. This let us continue to prioritise health
COMMUNITIES
to bolster cement demand in the includes ethical, environmental and safety and commit ourselves to
We have worked diligently through
coming quarters. and corporate social responsibility supporting one another. I am optimistic
ACC TRUST towards the social
principles supported by a robust about the work that we all are doing
and economic welfare of our host
COVID-19 RESPONSE governance structure. and the processes that we have put in
communities. Our CSR journey included
During the reporting year, the Business place for sustainable value creation.
We are playing our part in addressing various initiatives and projects to
Resilience Team (BRT) took proactive
the risks that climate change poses provide livelihoods, quality education
steps in guarding the safety of our Best regards,
to our business. At the same time, and water sanitation. The community
employees, business partners and
we are also involving our stakeholders development projects touched more
communities. Narotam Sekhsaria
in our overall ESG strategy and its than 8.3 Lakh people, residing in

Cementing relationships through Sustainability. Innovation. Inclusivity.

14 Managing Director and CEO’s message 15

Financial Statements I Statutory Reports I Integrated Report

ACCelerating value creation biodiversity, water stewardship and the
well-being of host communities. Our
plan to set up Waste Heat Recovery
TRUST AND INTEGRITY HELP
US THRIVE
Companies today are judged as much
health, safety and sustainability.
Geocycle processes waste materials
of various kinds to be used as kiln fuel,
System (WHRS)-based power plants by their integrity and trustworthiness thereby offsetting the need for fossil
at Jamul (Chhattisgarh) and Kymore as by their financial performance. fuel to an increasing extent.
(Madhya Pradesh), are a right step At ACC, doing business with integrity
towards achieving efficiencies, while goes hand in hand with our strong ESG FOCUS – WORKING
Dear Stakeholders, Pradhan Mantri Awas Yojana (PMAY) reducing CO2 emissions. corporate governance framework, TOWARDS A BETTER WORLD
During the year, our with enhanced budgetary allocations. excellent safety protocols, care The long-term success of our
I take pride in leading an organisation
core focus remained on The Government spending on housing STRATEGY AT PLAY and concern for all stakeholders. business is rooted in our ability to
that continues to play a pivotal role in
and infrastructure projects is expected Although the disruption brought keep sustainability at the core of
‘Health, Cost and Cash’. nation-building. It reflects the positive
to increase demand for cement and about by COVID-19 created short-term INVESTING IN PEOPLE our endeavours. Our unwavering
impact our teams continue to make in
building materials. Good monsoon challenges, it also created medium-term In order to build the ACC of tomorrow, commitment towards balancing
the face of unprecedented challenges.
has helped to improve the agricultural opportunities. During the year, our we believe in the importance of a business growth, environmental
During the year, we ensured the health output which also augurs well for core focus remained on ‘Health, Cost diverse workforce and an inclusive stewardship and social progress
and safety of our people. We connected increased cement demand. and Cash’. Our operations continued to environment. We are working towards bears testimony to our concerted
more closely with our customers and pave the way for business continuity attracting and developing a workforce and responsible efforts towards
As per the November 2020 India Brand
reinforced our market leadership with and resilience as we drove cost that is diverse and have set up the transitioning to a brighter future.
Equity Foundation (IBEF) Report on
value added products and services. efficiencies and prudently optimised ACC-Ambuja Leadership Academy
Cement Industry, cement demand is
We also optimised our operations for cash flows to conserve liquidity. (AALA) to make learning an everyday REACHING OUT TO
expected to reach 550-600 MTPA by
greater efficiency and strengthened employee experience. ACC continues COMMUNITIES
2025, thanks to a gradual upswing in We are innovating more than ever and
our commitment to sustainability by to strengthen its ‘Zero Harm’ journey, ACC continues its social development
housing, commercial and industrial investing in our people, technology and
driving focused efforts in the area. with the goal of zero injuries, onsite initiatives to support our host
construction. operations to develop solutions that
or offsite, in all its operations so that communities as well as assist those
take advantage of emerging trends in
MACRO DYNAMICS ARE ‘Every day is a Safe day at ACC’. affected by disasters in various parts
PERFORMANCE IN PERSPECTIVE the industry. We continue to invest in
TURNING FAVOURABLE of the country. The initiatives focused
During the year, we reported net sales areas of solutions and products, digital
The government’s focus on COMMITMENT TO TACKLING largely on our key impact areas —
of `13,487 Crore and consolidated net initiatives, technology, sustainability
infrastructure and affordable housing CLIMATE CHANGE DISHA (Sustainable Livelihood),
profit of `1,430 Crore. We could ensure and in people development to build the
is expected to bolster cement demand. Our sustainability strategy is led by VIDYA UTKARSH (Quality Education)
healthy cash flows due to rigourous ACC of tomorrow.
Affordable housing initiatives are our Sustainable Development 2030 and WASH (Water, Sanitation, Health
working capital management.
expected to pick up pace under the Plan, which focuses on four broad & Hygiene). In 2020, we kicked off
RE-IMAGINING THE FUTURE
On the project front, we completed pillars of climate and energy, circular malnutrition mitigation project in
WITH TECHNOLOGY
and commissioned the new grinding economy, environment, and people partnership with the State Government
The way business environment
unit at Sindri in the state of Jharkhand, and communities. We are working and district administration.
is changing, organisations which
which is one of the fastest capex intensively at our plants, to further
embrace technology and remain Since the COVID-19 outbreak,
projects to be implemented despite reduce our CO2 emissions. We are
focused on digital innovation, ACC touched millions of lives by
the challenges posed due to COVID-19 investing to improve the energy
intelligent use of data and excellence manufacturing and distributing
and other restrictions. The new facility efficiency of our production facilities.
in customer services would be able triple layered face-masks and food
will add 1.4 MTPA of cement capacity This is ensured by using alternate
to lead the way. Over the last few packets, sanitising villages, towns and
to its existing 3 MTPA unit at this site. raw materials and fuels and replacing
years, we have increasingly focused hamlets and spreading awareness.
The foundation stone for Sindri grinding CO2 intensive clinker in our cement with
on transforming our business by ACC has taken steps to alter the
unit Phase-2 was laid in December waste derived resources such as fly
leveraging IT and digital interventions. attitude of the nearby communities
2019 with the objective to service the ash and slag. This results in products,
We are enhancing customer experience towards health and hygiene through
expanding market, strengthen presence which have significantly lower carbon
through upgraded versions of Dealer awareness campaigns.
in the eastern region and add value to footprint.
Connect App. This offers additional
the overall business. Here’s wishing you all a healthy, safe,
functionalities. The Concrete Club App Through the ‘Geocycle’ brand, we
and productive year ahead.
A sharp focus on sustainable comes with a singular social platform continue our efforts to provide safe
development embodies safety, for construction professionals such as waste management solutions to Regards,
conservation of energy and natural architects and engineers. industries and municipalities, while
resources, preserving environment and meeting the highest standards of Sridhar Balakrishnan

Cementing relationships through Sustainability. Innovation. Inclusivity.

16 Performance 17

Financial Statements I Statutory Reports I Integrated Report

Delivering results through PERFORMANCE HIGHLIGHTS (STANDALONE FINANCIALS)

optimisation
Net Sales, Operating EBITDA & (` Crore) Cement Operating EBITDA & (` Crore)
Operating EBITDA Margin* Operating EBITDA Margin*
15,343
14,477 2,256 2,421
12,909 13,487 1,911
1,794
10,722
16 18
DURING 2020, OUR CORE 2020 OPERATIONAL HIGHLIGHTS 14
15
14
FOCUS WAS ON: 19
1,399
15 16
2,045 2,409 2,481 14 14
1,474 1,909

Health Parvat: Implemented several Generation of additional cash and 2016 2017 2018 2019 2020 2016 2017 2018 2019 2020
Robust business continuity plan initiatives relating to efficiencies cash equivalents driven mainly by Net Sales Operating EBITDA Operating EBITDA Margin (%) Cement Operating EBITDA Cement Operating EBITDA Margin (%)
to ensure health and well-being and input cost levers across the strong working capital actions
of employees value chain. Cost savings on track
from these initiatives
6.83 Lakh Profit Before Tax (PBT) & (` Crore) Average Capital Employed & (` Crore)
Lives touched with COVID-19
Profit After Tax(PAT)# Return on Capital Employed (RoCE)*
relief efforts
56 2,031
11,024 12,091
9,947
1,688 9,099
1,494 1,415 8,637
Ready mix concrete launched Achieved specific carbon 1,359
1,298
value added solutions: ACC emissions of cementitious 1,006# 18
871 915
Thermofillcrete, ACC Suraksha NX materials below 500 kg/t 647 15 16
14
Cost and ECOPact – the Green Concrete 11
Cost management and operational
efficiency programmes
2016 2017 2018 2019 2020 2016 2017 2018 2019 2020

L250+ Crore PBT PAT Capital Employed RoCE (%)

Total cost savings from Parvat # Excludes write-back of `501 Crore related to tax provision
programme Undertook capacity expansion Rolled out a new digital-first
22 through organic route to sustain and campaign for our innovative
grow market share and capitalise product – Gold Water Shield,
on the growing demand for cement a water-repellent cement Cement Sales Volume & (MT) Ready Mix Concrete Operating (` Crore)
consumption in the eastern and Growth EBITDA & Operating EBITDA Margin
central regions
28.37 28.89 153
26.21 25.53 115 134
Cash 22.99
Significant improvement in cash 10.1 10.2
14.0 10.4
conversion 8.2 75
Margin expansion driven by Initiated an AI-powered supply 1.8 7.7
60
(2.7)
> L5,800 Crore product mix optimisation and chain management platform
6.3
cost-efficiency initiatives ‘Blue Yonder’ to enable better (11.6)
Cash and cash equivalents
predictability, prevent and resolve
83 disruptions across business 2016 2017 2018 2019 2020 2016 2017 2018 2019 2020

Sales Volume Growth (%) Ready Mix Concrete Operating EBITDA Operating EBITDA Margin (%)

*Excluding charge of `129 Crore towards time value of money of Government incentives in 2020

ACC Limited I Integrated Report 2020 Cementing relationships through Sustainability. Innovation. Inclusivity.
18 Performance (Contd.) 19

Financial Statements I Statutory Reports I Integrated Report

PERFORMANCE HIGHLIGHTS (STANDALONE FINANCIALS) COST AND PROFIT AS A PERCENTAGE OF REVENUE FROM OPERATIONS

Dividend Per Share, Earnings Per (` per share) Net Fixed Assets & (` Crore) 2020 (` Crore)
Share# and Dividend Payout Ratio** Asset Turnover Ratio Profit before exceptional
Other income (204) item and tax 1,864
(2%) 14%
75 7,786 7,503 7,442 7,427
72 7,074
Finance costs 57
54# 1% Cost of materials
53 2.1 1.9 consumed 1,673
49 1.9 Depreciation 635
1.7 12%
34 49 1.4 5%
26
17 26
14 14 19 14
19

2016 2017 2018 2019 2020 2016 2017 2018 2019 2020
EPS DPS Dividend Payout Ratio (%) Net Fixed Assets Asset Turnover Ratio (times)
Manufacturing and Power and fuel 2,572
other costs 2,916 19%
# EPS is calculated excluding write-back of tax provision
20%
**Dividend payout ratio is calculated without considering
dividend distribution tax

Book Value Per Share (` per share) Market Capitalisation (` Crore)

Employee cost 839
Freight and forwarding 6%
674 33,021
expense 3,432
614 28,320 30,377
561 27,147 25%
499 24,995
470

2019 (` Crore)
Other income (311)
(2%) Profit before tax 2,031
2016 2017 2018 2019 2020 2016 2017 2018 2019 2020 13%
Finance costs 86
1%
Depreciation 603
4% Cost of materials
consumed 2,258
Manufacturing and 14%
other costs 2,944
19%
Contribution to Exchequer (` Crore) Corporate Social Responsibility (` Crore)
Expenditure
6,796 7,055 32
6,364
5,331 25
22 22
20 Power and fuel 3,131
4,007
20%

Freight and forwarding

expense 4,050
25% Employee cost 864
2016 2017 2018 2019 2020 2016 2017 2018 2019 2020 6%

ACC Limited I Integrated Report 2020 Cementing relationships through Sustainability. Innovation. Inclusivity.
20 Operational review 21

Financial Statements I Statutory Reports I Integrated Report

Maximising our performance,
with an eye to the future
We operated under challenging circumstances for the entire reporting period.
Cement Sales Volume Ready Mix Concrete Cement EBITDA Per Tonne of
The worst is definitely behind us, and business is gaining momentum. However, (MT) Production Volume (Lakh m3) Cement Sold (`)
what deserves a mention is our strong will to deliver, despite the headwinds. 28.37 28.89 35.24 948*
26.21 25.53 31.29 781
22.99 27.29 684 674
24.43 609
Our manufactured capital comprises delivering manufacturing excellence social distancing, touch-free 22.70
our countrywide network of integrated and healthy operational performance. handwashing to sanitisation of
cement manufacturing and grinding tools and vehicles to ensure the
The COVID-19 crisis disrupted supply
units, ready mix concrete plants, offices safety of our teams.
chains and operations across the
and other state-of-the-art movable and
country during Q2 2020. To serve the Overall, our cement business
immovable infrastructure, including
needs of our consumers, we resumed demonstrated encouraging
warehouses, machinery and vehicles.
operations in a phased manner in performance, driven by stringent 2016 2017 2018 2019 2020 2016 2017 2018 2019 2020 2016 2017 2018 2019 2020
The management of these assets
line with prescribed safety protocols. cost optimisation, efficiency
is a key business imperative and is *excluding charges of `129 Crore
While resuming operations, we put in improvements and better
considered an important element in
place various safety measures, from price realisation.

CAPACITY EXPANSION
AND CAPEX PROJECTS
With cement demand projected to rise
significantly in India, development capex projects
were kickstarted to increase clinker and cement
capacities in the attractive and highly profitable
central region of India. This, in turn, will ensure
that we have ample capacity to cater to a rising
demand scenario.

Clinker unit
2.7 MT
AMETHA, MP

Grinding unit
1.0 MT 2.2 MT
AMETHA, MP SHONEBHADRA
DISTRICT, UP

1.6 MT 1.4 MT
TIKARIA, UP SINDRI, JHARKHAND*

*Commissioned in January 2021

ACC Limited I Integrated Report 2020 Cementing relationships through Sustainability. Innovation. Inclusivity.
22 Operational review (Contd.) 23

Financial Statements I Statutory Reports I Integrated Report

PARVAT SUPPLY CHAIN AND LOGISTICS Case Study
Parvat is an efficiency optimisation turns to visit different plants to Following the roll-out, progress Our logistics strategy is based Supply chain automation and optimisation
programme initiated in 2019 to explain the underlying intent and the across these initiatives was mapped on four pillars, which include
bring radical changes in the cost overarching objective of ‘Parvat’ to every month and at various levels. distribution safety, cost efficiency, To accelerate automation and y EBITDA maximisation by shifting
structure and to improve delivered our people. These reviews helped pre-empt the use of technology and environmental optimisation in our supply chain, volumes from low to high EBITDA
cost. Our plants help us deliver on roadblocks and remove bottlenecks and sustainability. We engage with ACC and Ambuja Cement launched markets
Once the direction was set, the
the expectations of our esteemed catalysed better decision-making. Even suppliers, governments, industry a strategic and all-encompassing
potential savings from the identified y Network optimisation to improve
customers. Therefore, it is only natural as the COVID-19-induced lockdown bodies, businesses and other partners supply chain project in partnership
initiatives were calculated by the finance services and boost secondary
that the execution of ‘Parvat’ is in line threatened to slow the progress, to collaborate and find new ways to with Blue Yonder – the world’s
department and projected as monthly distribution cost
with the requirements of our plants. the teams were quick to resume in innovate and create positive change. leading, end-to-end, digital supply
targets. The ideas were reviewed
full spirit, as soon as the restrictions chain platform provider. y Framework for strategic
2020 saw us conducting workshops in marathon sessions with cluster At ACC, we aspire to create a supply
were lifted. As a result, in 2020, about simulation to facilitate decisions
and brainstorming sessions, assisted managers and plant directors. The ideas chain mechanism, which is agile, cost
500 initiatives were implemented The initiative is aimed at: related to future expansions
by an external consulting agency shortlisted were entered into a business competitive and sustainable, leading
successfully in manufacturing alone. y Generating monthly demand
at all our plants across the country. intelligence tool, especially created for to customer delight. Our logistics The initiative will maximise EBITDA
plan based on forecast from
Simultaneously, the leadership took the management to review all initiatives. team drives various initiatives at each by effectively using technology for
grassroots level
node to ensure that the distribution capacity utilisation improvement,
network is constantly evolving across y Consensus planning resulting in shift from low to high EBITDA
services, cost and sustainability. better capacity utilisation markets, and enable cost optimisation
and improved customer services.
L110/ L250+
PARVAT
Tonnes Crore
Specific Actual Cost To modernise and enhance our supply chain, we:
Total cost
of Cement (SACC)
savings 1 Focused on digitalisation through predictive maintenance of critical interact and share knowledge
improvement
the ‘Plants of tomorrow’ initiative. equipments like Vertical Roller with each other, with dashboards
We implemented Technical Mill (VRM) for regional teams to run loyalty
Information Systems (TIS) that programmes
2 Launched an integrated planning
record minute-by-minute data
tool that enables, sales & 6 Utilised the digital platforms
from all key assets at the plants
operation planning and network to share invites to knowledge
Performance And Collaboration optimisation to improve customer series initiative, where experts
Tool (PACT), a cross platform service, cost optimisation and from construction and building
dashboard/decision support organisational profitability industry shared their learnings
system to view critical parameters and expertise with these
3 The extensive use of Transport
from TIS data, collaborate and influencer segments through
Analytics Center (TAC) has
take actions on alerts, has also webinars
helped in real-time information
been implemented at all plants.
dissemination and analytics to 7 Developed digital kit comprising
EDGE AI has been implemented improve distribution safety, cost e-visiting cards, e-catalogues and
in some of our plants as an optimisation and operational posts to promote app adoption
advanced analytics platform efficiencies for the influencers and internal
to facilitate integration of stakeholders
4 Enhanced the ‘Dealer
all Machine Learning (ML)
Connect App’ with additional 8 Undertook continual measures
and Artificial Intelligence (AI)
functionalities like real-time to build a better fuel mix
initiatives.
tracking of deliveries, faster by maximising the use of
This has helped improve ordering and improved and timely cheaper fuel through judicious
operations, generating automatic communication procurement of coal from the
alerts and has laid the foundation market through e-auctions and
5 Improved the functionalities of
for implementing Industrial imports; higher consumption
‘Concrete Club app’, a singular
Internet of Things (IIoT) use of alternative fuels and
social platform for construction
cases. We also piloted the improvement in competencies
professionals such as architects
use of AI/ML into predicting and efficiencies at plants
and engineers to connect,
cement strength, fineness and

ACC Limited I Integrated Report 2020 Cementing relationships through Sustainability. Innovation. Inclusivity.
24 Business model 25

Financial Statements I Statutory Reports I Integrated Report

Strong basics, sustainable
value creation
Inputs Processes Value generated Outputs Outcomes
SUSTAINABILITY
3.7% 22%
Natural capital 3.63 Million m3 85.27 Million units 0.57 MT Core activities
Reduction in specific Reduction in specific
Natural resources Total water Total green energy Total waste
consumption in consumed co‑processed CO2 emissions NOx emissions
impacted by the For providers of financial 23.77 MT
cement operations
Company’s activities capital Total cement
Mining 27% 9%
17.4% 0.29 MT L123 Crore Consistent, profitable and production
Reduction in specific Reduction in specific
Water recycled/ Usage of Total expenditure responsible growth
reused in cement alternative fuels for environment dust emissions water consumption
40 operations protection in cement operations
Raw material
INNOVATION 100%
preparation For customers
Intellectual capital 6 L0.61 Crore Cement products L34 Crore
High-quality and sustainable products complying to BIS quality
Intangible, New products Total R&D Sales from solutions
launched expenditure Inbound requirements and new products
knowledge‑based assets
logistics category
50
For our people
Manufactured 11 6 1 Best-in-class
Steady growth and stable career path 22.70 Lakh m3 ecosystem benefiting
capital Integrated plants Grinding units R&D facility
Drying and grinding with equal opportunities through Ready mix concrete customers
Tangible assets used production volume
400 3 5 of raw materials consistent capacity building, and a safe
by ACC to conduct its
Warehouses Wind farms Offices work environment
business processes 72% 1.37%
33.05 MTPA 82 MW Average capacity Average clinker
Installed capacity Solar power utilisation of plants factor reduction
for cement portfolio (operational Clinkerisation Absolute air (2020 over 2019)
manufacturing and under emissions
20 For suppliers
implementation)
Consistent growth through an 1,958 Tonnes
optimum supply chain to support SOx
Cement grinding
INCLUSIVITY seamless operations. Close (Standalone Financials)
15,082 Tonnes
collaboration and a partnership-driven
Financial capital L188 Crore L8,834 Crore NOx L2,481 Crore L1,415 Crore
approach to value creation
Financial resources Equity Retained earnings EBITDA Profit After Tax
293 Tonnes
that the Company has Packing and dispatch
L12,661 Crore L746 Crore Dust 16% L30,377 Crore
or obtains through
16 financing Net worth Capital expenditure RoCE Market capitalisation
Outbound
logistics
For communities
Human capital 6,401 5,002 225 L12,14,452
around us
Employee knowledge, People on roll People completing Waste generated New joinees Average employee
>5 years at ACC Enhanced living conditions through cost
skills, experience and
62 motivation our CSR activities while minimising the 55,818 Litres
Sales, marketing
impact on the environment Waste oil
and distribution
Social and 56,000 L32 Crore ~2,050 8,884 Tonnes 8.30 Lakh 27,768 Man hours
relationship capital Channel partners CSR expenditure New dealers Steel scrap waste Lives touched Training for masons
Ability to share, relate onboarded and contractors
(online and offline)
and collaborate with 369 ~6,700 After-sales service Enhanced
stakeholders, promoting Suppliers assessed New retailers relationships with all
on human rights onboarded key stakeholders
community development
56 and well-being compliance

ACC Limited I Integrated Report 2020 Cementing relationships through Sustainability. Innovation. Inclusivity.
26 Operating context 27

Financial Statements I Statutory Reports I Integrated Report

Broad trends shaping KEY TRENDS
Rising urbanisation

our business 525 Million

India’s growing population and the
need for housing has been impacting
India’s urban population
cement demand for some time. India’s
by 2025
urban population is expected to
reach 525 Million by 2025, up from an
As a leading player in India’s building materials business, we are aware of the forces
estimated 463 Million in 2020.
shaping our industry. Climate change is growing as a critical concern leading to This is expected to translate into
the need for sustainable solutions being more keenly felt. At ACC, we understand higher demand for housing and
the challenges facing the industry and our business, and the prospects for us to related amenities.

make a difference and create value.

Increasing working population

FAVOURABLE DEMAND-SUPPLY DYNAMICS

India has one of the largest young
populations in the world, with a
28 years
Median age
India is the world’s second largest cement producer, with growing demand in the construction, infrastructure, and housing median age of 28 years. The young
segments. The sector notably plays a critical role in the economic growth of the country in its journey towards inclusive population is likely to drive demand
growth. Although India is the second largest consumer of cement, its per capita cement consumption is significantly lower for real estate in the country.
than the global average, which provides ample headroom for growth. Despite a recent slowdown in growth, the future
remains quite positive, thanks to new government infrastructure initiatives and a fast-growing population.
Continued focus on
infrastructure and housing
As India gradually reboots its economy,  he market for the affordable housing
T
increasing demand from affordable segment looks quite promising. Around
housing, infrastructure, roads, metros, 1.06 Crore homes have been sanctioned
airports, and irrigation bodes well for under the Pradhan Mantri Awas Yojana
the cement sector. The infrastructure (PMAY), of which 33% are completed
sector has received a big boost from the while another 66.23 Lakh units have
Government of India in the Union Budget been grounded for construction.
of 2021-22. The National Infrastructure
Pipeline (NIP), announced in December
2019 with a financial outlay of ` 111 Lakh L40,000 Crore
Crore with 6,835 projects; the project Government of India’s budgetary allocation
pipeline has been expanded to 7,400 for rural infrastructure development
projects in the 2021-22 Union Budget. in 2022 (From `30,000 Crore in 2021)

OUR RESPONSE
1 With cement demand projected 2 Cement demand is closely linked 3 Our strong network has been
to increase in India, we have to the overall economic growth, instrumental in driving our retail
started scaling our capacities in particularly of the housing and portfolio, which contributes
the attractive and highly profitable infrastructure sector over 79% of revenue
central region of India

Cement Sector Break-up Revenue

(%) (%)
Infrastructure 24 Retail (B2C) 79
Rural housing 35 Wholesale (B2B) 21
Urban housing 26
Industrial and 15
commercial

Source: CRISIL Research

Cementing relationships through Sustainability. Innovation. Inclusivity.