Strength and Resilience
Our journey is defined by strength with resilience — two pillars that empower us to navigate dynamic market landscapes while reinforcing our leadership position.
- VINOD BAHETY,
WHOLE - TIME DIRECTOR &
CHIEF EXECUTIVE OFFICER
Dear Shareholder,
FY 2024-25 has been a landmark year in more ways than one and we take immense pride in showcasing our significant achievements across various facets of our business operations to you. From our leadership in manufacturing, innovative array of green and premium products, quality excellence to our firm commitment to responsible operations, we have consistently raised the bar. Our steadfast focus on health and safety remains paramount, ensuring the well-being of our people and the communities we serve. These accomplishments reflect our dedication to sustainable growth, operational excellence, and our vision to create long-term value for all stakeholders.
We are proud to share that the Adani’s Cement Business has crossed 100 million tonnes per annum (MTPA) of consolidated cement capacity, becoming the ninth-largest cement business globally. This journey over the past 30 months has been one of aspiration, resilience, and shared purpose. An achievement made possible by the bold vision of our leadership and the firm commitment of our teams and partners across the country.
Marking a crucial step towards our long-term goal of achieving 140 MTPA by 2028, this milestone is not just a measure of capacity expansion; it is a reflection of what can be accomplished through collective effort, disciplined execution, and a deep sense of responsibility towards nation-building. Our every accomplishment brings us closer to our vision of creating a stronger, more sustainable India. Guided by our motto—'Hum Karke Dikhate Hain’—we look forward to continuing our journey of meaningful impact and responsible growth.
Our journey is defined by strength with resilience — two pillars that empower us to navigate dynamic market landscapes while reinforcing our leadership position. We remain agile and responsive to evolving challenges by leveraging the strategic synergies of the Group, allocating capital expenditure efficiently, optimising resources, and embracing technological advancements as we continue to build a solid foundation for long-term growth. With resilience at our core, we create enduring value for our stakeholders and contribute meaningfully to the nation’s infrastructure development.
This strength with resilience has translated into superior performance, reinforcing ACC’s position as an industry leader. Balancing growth with responsibility, we continue to create long-term value through our community and customer engagement, while maintaining agility in a dynamic business environment. At the core of our operations lies RESQ: Reliability, Environment, Safety and Quality — principles that inform every decision we take.
Stakeholder Value Creation
We extend our heartfelt gratitude to our shareholders for their trust and confidence in the Company. As we move forward on our strategic journey, we remain committed to unlocking sustainable, long-term value and delivering consistent returns for our esteemed investors and stakeholders. Our razor-sharp focus on cost efficiency, quality excellence, ESG, and strategic market expansion has enabled us to achieve yet another year of resilient growth.
During the year, we delivered the
highest ever Profit After Tax of
` 2,402 crore with the highest
ever sales volume of 42.2 million
tonnes, up by 14% year-on-year.
The revenue stood at ` 21,762 crore,
operating EBITDA at
` 3,061 crore
with a margin of 14.1%.
Revenue from Operations
Profit After Tax (PAT)
Our Ready-Mix Concrete (RMX) business, with a strong network of over 100 state-of-the-art plants across 19 states, has been at the forefront of India’s construction evolution for over three decades. In the year under review, we expanded our operations with new RMX plants, implemented strategic cost optimisation measures, and introduced technical training programmes to enhance the quality and operational expertise of our people.
We have further strengthened our cost leadership by streamlining logistics operations across our business, focusing on strategic modal shifts with increased sea transport, higher direct dispatch, depot network optimisation, and deployment of advanced GPS tracking systems, resulting in improved freight management and reduced logistics costs. Additionally, investments in GPWIS rakes for cost-efficient clinker movement and BCFC rakes for efficient transportation of fly ash from thermal power plants have contributed to a more agile and cost-effective supply chain.
Cost Leadership
Operational expenses were streamlined through a revamped business structure, stringent cost controls, and synergistic negotiations. We expanded the use of our Waste Heat Recovery System (WHRS), driving significant savings in power and fuel costs. Greater reliance on linkage and captive coal, alongside maximised alternative fuel usage, has further optimised our overall cost structure and sustainability efforts.
A key strategic focus remains the transition towards renewable energy, strengthening our sustainability efforts. These efforts collectively contributed to a reduction in logistics costs by 12%, down to ` 992 per tonne.
Risk Management
Our robust risk management framework enables us to navigate uncertainties in the global geopolitical environment and market volatility. We remain vigilant in monitoring external risks and agile in adapting our strategies. Strategic sourcing of raw materials, securing mining leases for limestone and coal, and investment in alternate fuels and energy sources mitigate supply chain disruptions.
Our approach to operational risk encompasses safety, environment, and quality management systems aligned with international standards. Our ISO 45001-certified Occupational Health and Safety Management System, rigorous audits, and integration into procurement ensure a ‘zero harm’ workplace, promoting safety for employees, partners, and stakeholders.
Uncertain Global Geo-political Scenarios
In an increasingly complex global environment marked by geo-political tensions and economic uncertainty, we continue to leverage our strengths in operational resilience and strategic agility. Our diversified supply chain, strategic inventory management, and cost optimisation initiatives help us mitigate the impacts of global disruptions on raw material availability and pricing.
We remain committed to long-term planning, balancing immediate operational needs with sustainable growth. Our ability to adapt quickly to evolving market dynamics is reinforced by ongoing investments in technology and innovation.
Renewable and Green Power Consumed
2050
Talent and Technology
People remain integral to our growth strategy. We work relentlessly to create a safe and healthy work environment while prioritising diversity, equity, inclusion, and a culture of continuous learning. Our holistic strategy integrates leadership development, workplace culture, and strategic initiatives to strengthen our position as an industry leader and employer of choice.
Recognising people as our greatest asset, we foster collaboration, agility, and efficiency while prioritising Occupational Health and Safety. Our programmes like ‘We Care’ honour safety contributions, promoting a safe and productive environment.
On the technology front, we are
leveraging digital transformation
to enhance efficiency across the
value chain—from quarry to lorry.
Our initiatives include AI-driven
planning, real-time updates via
platforms such as ‘OneConnect’
and ‘Adani Cement Connect’,
and advanced analytics through
Power BI dashboards.
Our ‘Plants of the Future’ programme incorporates automation, robotics, drone technology, and AI-powered analytics, revolutionising. manufacturing processes and enhancing precision and operational efficiency. Cyber security remains a top priority, supported by the Adani Group’s ISO 27000-certified cyber defence and security operations centre, ensuring enterprise-grade protection for our information systems.
Stronger On-ground Network
Our expanding network continues to strengthen our market presence. Ambuja Cements Limited, our parent company, successfully completed strategic acquisitions, including Penna Cement, Orient Cement (in April 2025), and the Tuticorin grinding unit of My Home Cements. These acquisitions have significantly bolstered our market position, increasing the Group’s total cement manufacturing capacity beyond 100 MTPA.
Logistics improvements such as depot network optimisation, modal shifts, and deployment of technology-driven transport management solutions have enhanced our supply chain efficiency and reduced costs. Our Ready-Mix Concrete operations expanded with new plants, further consolidating our presence across 19 states.
Group Synergies
We continue to harness the strategic synergies within the Adani Group, optimising capital expenditure, sharing best practices, and leveraging the Group’s infrastructure strengths in ports, power, and logistics. This collaboration accelerates cost efficiencies and bolsters our competitive advantage.
By aligning our sustainability goals and technology initiatives with the broader Group, we are able to innovate and scale faster, driving enduring value creation for stakeholders. Our shared commitment to ESG principles fosters a unified approach to responsible growth.
Building a Sustainable Future
Our optimism for the future stems from India’s accelerated economic growth and rising construction activity. Infrastructure development remains a strong pillar of growth, underpinned by government policy and investment.
We continue to expand our market presence, broaden our value-added product portfolio, and optimise our supply chain leveraging digital technologies. Sustainability remains core to all our operations, with a focus on operational excellence and strategic initiatives to create long-term value for shareholders and stakeholders.
We uphold the highest ESG standards through community engagement, empowerment of people, scaling up alternative fuel use, reducing carbon intensity, and driving water positivity efforts. Our decarbonisation strategy includes waste heat recovery, renewable energy integration, and expanding green product offerings such as ACC F2R, ACC Suraksha, ACC Concrete Plus, ACC Gold, and ACC HPC — all supporting eco-friendly construction.
With 94% of our cement portfolio consisting of blended cement, we have substantially lowered carbon emissions compared to ordinary Portland cement. Our Green Pro-certified ECOMaxX concrete enables customers to meet sustainability goals with tailored CO2 reduction.
Community upliftment remains a priority, impacting over 2.1 million lives. We have utilised 12 million tonnes of waste-derived resources and planted 5.1 million trees in alignment with Adani Group’s commitment to planting 100 million trees by 2030.
Our sporting initiatives empower grassroots talent, helping athletes realise their full potential and contributing to India’s sporting success.
We are immensely proud of our team whose dedication drives our growth and leadership. We also thank our Board of Directors, business partners, customers, and stakeholders for their continued support as we build enduring relationships and a prosperous future.
Our audacious goals are set and we are ready to soar higher — expanding market share, enhancing customer experiences, and championing sustainability
Regards,
Vinod Bahety
Whole Time Director & CEO