Strategic Priorities and Progress
Driving Profitable Evolution
ACC’s strategic imperatives drive its efforts to strengthen resilience and advance sustainability. Through investments, the Company seeks to expand its scale, encourage innovation, protect the environment, and uplift communities to a future of growth and well-being.
1
Accelerating
Growth
Focus Areas
Strengthen market position through capacity expansion – greenfield and brownfield
Resource Allocation
in FY 2023-24
Including organic and inorganic growth Capex/ Investment
Linkages to Material Issues
- Economic performance
- Sustainable development
Key Risks Impacting Strategy
- Elevated global energy prices and supply chain disruptions
- Delay in commissioning of projects
- Ambitious plans to increase cement capacity to 140 MTPA by FY 2027-28
- 2.25 MTPA capacity addition through organic route
- 9.1 MTPA capacity addition through inorganic route (includes 1.5 MTPA of Tuticorin Grinding Unit)
- Ongoing cement capacity expansion of 20 MTPA across the nation
- Increasing network and market presence
2
Strengthening
the Iconic
Brands
Focus Areas
Reinforce and maximise Brand values of ACC towards nation building
Linkages to Material Issues
- Customer satisfaction
- Sustainable construction
Key Risks Impacting Strategy
- Product innovation
- Market acceptance
- Latest brand campaigns created significant impact
- Brand association with leading sports leagues for nation building through sports
- Strong presence of 1,00,000+ Channel Partners
- Pan-India presence of the Company’s technical services with 1,000+ civil engineers
- Reaching out to 2.51 lakhs IHB customers
3
Leading in
ESG
Standards
Focus Areas
Reinforcing leadership by conducting its business responsibly, sustainably and inclusively and introducing ecofriendly products
Resource Allocation
in FY 2023-24
Environment-related spending
Linkages to Material Issues
- Greenhouse gas emissions and climate change
- Energy consumption
- Air emissions
- Circular economy and waste management
- Alternative fuels and resources
- Water consumption
- Biodiversity
- Corporate social responsibility
Key Risks Impacting Strategy
- Climate change
- Policies and regulations
- Product responsibility
- Local communities
- Committed investment of ` 10,000 crore in green power to increase the Company’s green power share to 60% of the 140 MTPA planned capacity
- Established leadership in water governance by having a water positivity ratio of 1x
- Committed to achieving net zero by 2050, with near-term targets validated by SBTi
- Creating societal value for more than 3.5 million people by 2030
- 7x plastic negative by co-processing of plastic waste in cement kiln
- Committed to planting 5.93 million trees by 2030, following Adani Group’s plan to plant 100 million trees
- Embracing the circular economy, harnessing a diverse array of alternative fuels and raw materials with Thermal Substitution Rate (TSR) of 28 % by 2030
4
Delivering
Superior
Performance
Focus Areas
Getting the most out of its existing portfolio through premiumisation, cost efficiency, volatility management, skill building and digitalisation of systems and processes
Reduction of cost by ` 797 per tonne during FY 2023-24. The target is to reduce it by an additional ` 530 per tonne by FY 2027-28
Linkages to Material Issues
- Economic performance
- Attraction and retention of talent
Key Risks Impacting Strategy
- Inflation
- Cybersecurity
- Employee retention
- Share of premium products and revenue increase by 1.7%
- Increasing process efficiencies and synergies
- Cost optimisation
- 15.5 man-hours of training provided per employee for employee development
- Digitisation is a significant multiplier to the growth strategy, transforming ACC’s entire value chain, from quarry to lorry through cutting-edge technologies and applications – Industry 4.0, AI, Mobile platforms, GPS, Data and Analytics, etc.
- State-of-the-art Cement and Concrete R&D facility with a focus on new product development