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ICICI Direct Report
ACC Ltd. (a Holcim group company) is a large cement player with capacity of over 34.5 million tonnes in India and one of the oldest cement players in the industry.
The company also manufactures ready-mix concrete and has 50 plants across India.
ACC has a strong balance-sheet with debt free status.
However, it remains a laggard in terms of efficiency and operating margins versus peer companies.
The ongoing capex of | 3500 crore would increase its capacity to 39.3 MT by CY22E.
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