NEW DELHI: Cement maker ACC said it has progressed well on implementation of its strategic priorities in 2020 and has “robust“ growth plans for the future.
The company despite challenges from the pandemic has delivered on the expectations of its stakeholders, said ACC Ltd, owned by Swiss building materials company LafargeHolcim, at its annual general meeting.
By driving cost management and operational efficiency programmes, ACC reported a 15 per cent increase in EBITDA per ton of cement sold, said ACC Non-Executive Director Martin Kriegner, who chaired the AGM.
“ACC also continues to be a debt-free company with sufficient cash reserves to grow further,“ the company said.
Moreover, to build on synergies a unified management structure and single procurement organisation was created, with a master supply agreement between ACC and