News
ACC celebrates its 85th Founder’s Day
August 1 marked the 85th Founder’s Day of ACC Limited, a leading producer of cement and ready-mix concrete. It was on this day in the year 1936 when the formation of The Associated Cement Companies Limited (ACC Limited) was announced
According to a press release, ACC Ltd was the result of FE Dinshaw’s tireless efforts to cement India’s self-reliance in building material. The groundbreaking venture was formed when ten existing cement companies came together under one umbrella in a historic merger – the country’s first notable merger at a time when the term M&A (mergers and acquisitions) was unheard of.
These companies were part of four prominent entrepreneurial groups – the Tatas, Khataus, Killick Nixon and FE Dinshaw.
ACC’s spirit of self-reliance is guided by the ethos and values of luminaries such as JRD Tata, Dharamsey Khatau, Walchand Hirachand, Ambalal Srabhai and Nani Palkivala with their worthy presence on ACC’s Board, said the release.
Today, it said, ACC is counted among the country’s ‘most sustainable companies’’ and is recognised for its best practices in environment management and corporate citizenship.
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