December
30, 2004
ACC DONATES RS ONE CRORE
TO PRIME MINISTER'S NATIONAL RELIEF FUND TO
SUPPORT RELIEF WORK FOR TSUNAMI VICTIMS
ACC, The Associated Cement
Companies Limited, has donated an amount of
Rs 1 crore to the Prime Minister's National
Relief Fund as part of its contribution to help
support the Government of India in meeting relief
and rehabilitation work for victims of the tsunami
disaster that struck the coast of South India
and the Andaman & Nicobar Islands. A cheque
for Rs 1 crore was given to the Prime Minister
today by Mr Tarun Das, Chairman ACC.
In a separate initiative, employees
of ACC have decided to donate one day's salary
to be used to aid victims of this massive disaster.
The Company has already deputed
a team of medical persons and volunteers to
Tamil Nadu to lend support to ongoing relief
work and to explore other ways in which we can
be of help in this national calamity.
Managing Director
Date : December 30, 2004
Mumbai
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November
02, 2004
Cement Production and Despatch
figures for October 2004
Our production and despatch
figures for the month of October 2004, are as
follows:
| October 2004 |
|
| Cement production |
13.94 lakh tonnes |
| Cement despatches |
14.02 lakh tonnes |
| October 2003 |
|
| Cement production |
12.68 lakh tonnes |
| Cement despatches |
12.32 lakh tonnes |
| Cumulative |
|
| April - October 2004 |
|
| Cement production |
93.81 lakh tonnes |
| Cement despatches |
93.88 lakh tonnes |
| April - October 2003 |
|
| Cement production |
87.89 lakh tonnes |
| Cement despatches |
87.54 lakh tonnes |
R Nand Kumar
VP-Marketing and Corporate
Communications
Top
October
04, 2004
Cement Production and Despatch
figures for September 2004
Our production and despatch
figures for the month of September 2004, are
as follows:
| September 2004 |
|
| Cement production |
13.00 lakh tonnes |
| Cement despatches |
13.34 lakh tonnes |
| September 2003 |
|
| Cement production |
12.49 lakh tonnes |
| Cement despatches |
12.53 lakh tonnes |
| Cumulative |
|
| April - September 2004 |
|
| Cement production |
79.86 lakh tonnes |
| Cement despatches |
79.86 lakh tonnes |
| April - September 2003 |
|
| Cement production |
75.21 lakh tonnes |
| Cement despatches |
75.22 lakh tonnes |
R Nand Kumar
VP-Marketing and Corporate
Communications
Top
September
02, 2004
Cement Production and Despatch
figures for August 2004
Our production and despatch
figures for the month of August 2004, are as
follows:
| August 2004 |
|
| Cement production |
12.11 lakh tonnes |
| Cement despatches |
12.46 lakh tonnes |
| August 2003 |
|
| Cement production |
11.72 lakh tonnes |
| Cement despatches |
11.80 lakh tonnes |
| Cumulative |
|
| April - August 2004 |
|
| Cement production |
66.86 lakh tonnes |
| Cement despatches |
66.51 lakh tonnes |
| April - August 2003 |
|
| Cement production |
62.72 lakh tonnes |
| Cement despatches |
62.69 lakh tonnes |
Please feel free to contact
us for any further information or clarification.
R Nand Kumar
VP-Marketing and Corporate
Communications
Top
July
12, 2004
Results of Poll conducted
on Friday, 9th July, 2004 at The 68th Annual
General Meeting of the Company.
At the 68th Annual General
Meeting of the Company held on Friday, 9th July,
2004, a few shareholders demanded a poll on
the Special Resolution at Item No.10 of the
Notice relating to 'Employees Stock Option Scheme
2004'.
Accordingly, the Chairman ordered
a poll to be conducted forthwith . The results
of the poll are as under :-
| Description |
No. of Ballot Papers |
No. of Votes Cast |
| Total No. of Votes cast in favour of Resolution
No.10 |
83 |
5,91,27,840 |
| Total No. of Votes cast against Resolution
No. 10 |
40 |
27,886 |
| Total No. of Invalid Votes |
10 |
1,211 |
| Total No. of Ballot Papers |
133 |
5,91,56,937 |
| % of Votes cast in favour of Resolution
.No.10 |
99.95% |
Special Resolution at Item
No. 10 of the Notice dated 5th May, 2004 in
respect of 'Employees' Stock Option Scheme 2004'
is accordingly hereby declared as passed with
the requisite majority.
Yours faithfully,
For The Associated Cement Cos. Ltd.,
(P.K. Sinor )
Director & Company Secretary.
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ACC
Cement - Record despatches in 2003-04
ACC ended the year 2003-2004
(April-March) with overall cement despatches
of 15.36 million tonnes as compared to 13.88
million tonnes in the preceding year. This represents
a rate of growth of 10.7 per cent as compared
to last year. Cement production during 2003-2004
stood at 15.34 million tonnes against 13.89
million tonnes in the previous year. This is
the first time ACC along with its subsidiaries
has crossed the 15 million tonne mark in cement
production and despatches.
| |
2003-2004 |
2002- 2003 |
| Cement production |
15.34 million tonnes |
13.89 million tonnes |
| Cement despatches |
15.36 million tonnes |
13.88 million tonnes |
Cement production and despatch
figures for the month of March 2004 are as follows:
| |
March 2004 |
March 2003 |
| Cement production |
1.47 million tonnes |
1.37 million tonnes |
| Cement despatches |
1.48 million tonnes |
1.37 million tonnes |
R Nand Kumar
Vice President-Marketing & Corporate Communications
Place : Mumbai, India
April 2, 2004
Top
Sub
: Acquisition of the Equity Shares held by Unit
Trust of India in Bargarh Cement Limited (BCL
) formerly known as IDCOL Cement Limited (ICL)
ACC has purchased 350,00,000
Equity Shares of the nominal value of Rs 10
each of Bargarh Cement Limited (BCL), representing
13.21% of BCL's total equity share capital from
Unit Trust of India today, for a total consideration
of Rs.26,84,50,000/-. Consequent to this, BCL
has become a 100% Subsidiary of The Associated
Cement Companies Limited.
R Nand Kumar
Vice President-Marketing & Corporate Communications
Place : Mumbai
Date : March 29, 2004
Top
ACC
successfully carries out a double-barrelled
Foreign Currency Convertible Bond and GDR Offering
The Associated Cement Companies
Limited (BSE : ACC) priced today a double-barrelled
offering, combining sale of Foreign Currency
Convertible Bonds (FCCB) and Global Depository
Receipts (GDR) aggregating US$ 100 million (including
green shoe).
Terms of the Issue :
| |
FCCB |
GDR |
| Size of allocation |
US$ 60 million |
US$ 40 million |
| Coupon |
1% |
- |
| Yield to maturity |
2.5% |
- |
| Premium |
35% on closing price of Rs.277.35 (conversion
price : Rs.374.42) |
1% on closing share price of Rs.277.35
on 8th March 2004 and at 5.6% premium to
the average of the last 4 weeks closing
price on BSE. Issue Price : $6.19/ Rs.280.05 |
| Maturity |
5 years and one day19th March 2009 |
- |
| Listing |
London Stock Exchange |
London Stock Exchange |
| Call option |
At the discretion of the Company after
3 years at conversion price. |
- |
Citigroup was the sole book
runner and underwriter for this double-barrelled
offering.
The Company intends to use
the aggregate net proceeds of this offering
for funding its acquisition of Bargarh Cement
Limited (formerly known as IDCOL Cement Limited),
the modernization of its Chaibasa plant along
with setting up a Captive Power Plant and other
capital expenditure programmes.
ACC is one of India's most
reputed companies and is India's largest cement
manufacturer with an installed capacity of over
17 million tonnes along with subsidiaries. It
also manufactures refractory products and ready
mixed concrete besides providing related consultancy
services.
This announcement is not, and
is not intended to be, an offer of securities
for sale in the United States. Securities of
The Associated Cement Companies Limited may
not be offered or sold in the United States
absent registration or an exemption from registration
under the U.S. Securities Act of 1933. There
is not, and is not intended to be, a public
offering of the securities of The Associated
Cement Companies Limited in the United States.
For The Associated Cement
Companies Limited.
(P K Sinor)
Director & Company Secretary
Place: Mumbai
Date: March 9, 2004
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