ACC - Annual Report 2022-21

Strategic review

Accelerating
growth

To sustain our profitable growth journey, we continue to focus on capacity expansion in sync with growing market demand. Capacity utilisation and enhancing our brand equity through digital outreach, targeted marketing and sustainability initiatives also form an integral part of this strategy.

Material issues addressed

12 13 14 16 21 32

12 Economic performance, 13 Indirect economic impacts, 14 Land acquisition for mines and new plants 16 Customer relationship management 21 Climate & Energy 32 Occupational health & safety

SDGs impacted

This year, we increased our capacity to 34.45 MTPA of cement on the successful commissioning of a new grinding unit at Sindri in Jharkhand. Our ongoing project at Ametha, Madhya Pradesh is progressing well, while the split cement grinding unit at Tikaria, Uttar Pradesh is ahead of schedule. The land acquisition for our greenfield cement grinding unit in Sonebhadra District, Uttar Pradesh, is at an advanced stage and work is expected to commence in 2022. We are identifying debottlenecking opportunities in all our existing plants to drive higher capacity utilisation.

We plan to increase our Ready-Mix Concrete (RMX) capacity by ~20% through increase in coverage of Indian cities. We also aim to expand our portfolio of value added services.

In Solution & Products (S&P) business, we are targeting to increase top line by more than 30% in 2022 driven by growth in retail, B2B projects and admixture segments. We plan to expand our manufacturing footprint for construction chemicals/admixture range and dry mortars.

OPERATIONAL PERFORMANCE HIGHLIGHTS

Cement sales volume (MT)

Concrete production volume RMX (Lakh m³)

KEY EXPANSION PROJECTS

Name of project/plant	Details of capacity addition	Expansion/ Green field	Year of commissioning	Cement Capacity addition (MTPA)
Sindri,Jharkhand	Cement grinding 1.4 MTPA	Expansion	2021	1.4
Total cement capacity addition				1.4 MTPA

ONGOING CAPACITY EXPANSION PROJECTS

Name of project/plant	Details of capacity addition	Brownfield/ Green field	Progress/ commissioning time	Cement Capacity addition (MTPA)
Tikaria, Uttar Pradesh	Cement 1.6 MTPA	Brownfield	Q1 2022	1.6
Ametha Integrated Project, Madhya Pradesh	Clinker 2.7 MTPA and Cement 1.0 MTPA	Greenfield	Q2 2022	1.0
Salai Banwa Grinding Unit	Cement 2.2 MTPA	Greenfield	Project on track	2.2
Total cement capacity addition				4.8 MTPA

Braving the challenges to commission the Sindri plant within 9 months

The Sindri plant construction was met with several pandemic-related challenges. Despite logistics delays and a nationwide lockdown that led to mass demobilisation of the construction workforce, the project was effectively executed within nine months. We consistently worked with our construction partners for a planned phase-wise remobilisation of the workforce and implementation of remote supervision. Regular inspection as well as training of the workforce were carried out. The efficient execution of the project helped us achieve 'Zero harm, Zero Non-Conformances Reported (NCR)’ within the budgeted cost and schedule.