The groundbreaking ceremony of
ACC Limited’s Greenfield Project of 2.7 MTPA integrated cement plant with 1 MTPA cement grinding unit at Ametha in Kymore, Madhya Pradesh was performed by Chief Minister, Madhya Pradesh Shivraj Singh Chouhan in the presence of Neeraj Akhoury, CEO India, LafargeHolcim and Managing Director & CEO, Ambuja Cements Limited and Sridhar Balakrishnan, Managing Director & CEO, ACC Limited, company said in a regulatory filing on Saturday
Equipped with state-of-the-art technology, the eco-friendly flagship project will have an energy efficient rotary kiln system with pre-calciner (capacity 9500 Tons per day) and Waste Heat Recovery system of 15 MW capacity. Generation of green power in the project will reduce consumption of grid power generated through fossil fuel, which will lead to significant reduction in CO2 emission by ~1.4 LT per annum and decrease dependency on exhaustible fossil fuel.
This project will create approximately 5000+ direct and indirect employment opportunities.
“Our Business Excellence Journey has been successful on account of the continuous support and guidance rendered to us by the State Government. It is a great privilege and honour for us to be one of the pioneers in the industrialisation journey of Madhya Pradesh. The new project will further strengthen our partnership and propel the growth of the State”, said Mr Neeraj Akhoury, CEO India, LafargeHolcim and Managing Director & CEO, Ambuja Cements Limited.
Sridhar Balakrishnan, Managing Director & CEO, ACC Limited, said. “ACC has always acted as a catalyst in the growth of the State and has partnered with the State in its development. Our Greenfield Project at Ametha will support the growth objectives of the State Government.
Company further said that ACC’s operations in Madhya Pradesh started in 1923 at Kymore, Dist Katni, MP and currently, it has a capacity of up to 3.6 MTPA clinkering & 2.72 MTPA cement grinding. Over the years, ACC Kymore has been taking significant measures to aid the social development of local communities benefitting over 45,000 people in 16 villages around its operations.
At around 9.58 am, ACC Ltd was trading at Rs1766.45 per piece up Rs43.00 or 2.49% from its previous closing of Rs1,723.45 per piece on the BSE.