Dear Shareholder,
The journey of ACC, under the expansive umbrella of the
Adani Group, has been one of transformative growth, strategic foresight, and unwavering
commitment to our core values and vision. Reflecting on the past year, I am filled with
pride for what we have accomplished and with excitement for what lies ahead.
Our commitment to strong Corporate Governance and
sustainable practices is integral to creating enduring shareholder value."
This year has been a landmark period for ACC. We have not
only surpassed our performance benchmarks but have also laid a solid foundation for
sustainable growth in the challenging yet promising landscape of India's cement industry.
Our achievements are a testament to the resilience, hard work, and dedication of our
entire team. From expanding our operational capacity to pioneering innovations in green
cement, each milestone has been a step towards realising our vision of becoming the most
sustainable and efficient player in the market.
Strategic Expansion and Sustainable Growth
India is committed to achieving its ambitious economic
targets through infrastructure growth and modernisation. With programmes focused on
connectivity, logistics, and reforms, India aims to become the world's third-largest
economy, reaching a GDP of USD 5 trillion within the next three years and USD 7 trillion
by 2030. The increased infrastructure outlay for FY 2024-25, totalling 11.11 billion
(USD 13.4 million), underscores its pivotal role.
Recent initiatives such as the National Infrastructure
Pipeline and the National Monetisation Pipeline (NMP) have attracted substantial
investments and private sector involvement. The cement sector is poised for sustained
demand, aligning with our expansion goals. The acquisition of Asian Concretes and Cements
Pvt Ltd marks a significant step towards our ambitious target of achieving a 140 MTPA
cement capacity under the Adani portfolio. Initiatives such as the Ametha Integrated plant
and plans for around 35 new grinding units position us for transformative growth in the
coming years.
Our vision is to translate this success to the cement
sector, positioning ourselves as a global force.
Delivering Excellence and Value
Adani Group has sustained robust growth despite a
challenging environment, establishing a resilient business foundation. Our vision is to
translate this success to the cement sector, positioning ourselves as a global force. Our
journey in the past year has revealed inherent advantages, enabling us to reimagine
organisational efficiency for a heightened competitive edge. Cost reduction initiatives
across energy, freight and forwarding, and other segments are actively in progress.
Measures such as expanding Waste Heat Recovery System (WHRS) capacity, substantial
investments in renewable power generation, and securing coal supplies aim to boost
self-sufficiency while minimising reliance on fossil fuels.
85%
of our overall production now comprises blended cements
Our commitment to sustainability is unwavering. We are
proud to report that over 85% of our overall production now comprises blended cements,
significantly reducing our carbon footprint and contributing to a greener planet. Our
investments in renewable energy sources, WHRS, and the pursuit of operational excellence
through digitalisation and innovation underscore our dedication to environmental
stewardship and operational efficiency.
Innovation and Digital Transformation
Innovation is at the heart of our business strategy. This
year, we have introduced revolutionary products that not only meet the evolving needs of
our customers but also set new industry standards in sustainability and performance. Our
R&D teams have worked tirelessly to develop solutions that enhance the durability and
efficiency of construction, contributing to the building of a new India.
Digital transformation is another critical area of focus
for us. We have embarked on a digital journey that touches every aspect of our operations,
from manufacturing to sales, logistics, and customer service. Our investments in
cutting-edge technologies, such as AI, IoT, and blockchain, are not just about adopting
new tools but fundamentally changing how we operate and deliver value to our customers and
stakeholders. This digital backbone has enabled us to be more agile, make informed
decisions faster, and significantly enhance our operational efficiency and customer
service.
Our commitment goes beyond business, encompassing the
creation of societal value through contributions to healthcare, education, employment, and
sustainable livelihoods for communities.
Commitment to Robust ESG Practices
Our commitment to strong Corporate Governance and
sustainable practices is integral to creating enduring shareholder value. Over the past
two years, the successful operationalisation and integration of our Risk Governance
Framework have empowered us to proactively manage risks and safeguard our Company's
interests. We prioritise scalability with an equal emphasis on sustainability, steering
our Company towards a meticulously designed green growth strategy. This involves a shift
towards clean energy sources and embracing the principles of a circular economy.
We actively explore waste utilisation and energy recovery
measures, alongside investments in innovative technologies. The significance of ‘We
Care', our commitment to workplace safety and beyond, cannot be overstated. Leadership in
safety is a collective commitment and prioritising well-being fosters a safety-centric
culture. Our commitment goes beyond business, encompassing the creation of societal value
through contributions to healthcare, education, employment, and sustainable livelihoods
for communities. Acknowledging the water-intensive nature of the cement sector, we are
dedicated to achieving water positivity in our operations. This commitment involves
promoting conservation projects, optimising processes to reduce usage, avoiding excessive
freshwater consumption, and investing in harvesting and recycling projects.
Looking Forward
With India poised to become the world's third-largest
economy, the cement sector is primed for correlated and accelerated growth, and we are
prepared to navigate this change with agility and foresight. Our strategic priorities for
the coming years are clear: to continue our growth trajectory, to lead in sustainability,
to innovate for the future, and to empower our people and communities. As a leading
Company in the sector, we are adopting strategies to capitalise on this substantial
opportunity, aiming to double our market share in the next decade. With a clear vision, a
detailed roadmap, and the dedication of our committed team, I am confident that we will
achieve our goals. Thank you for your unwavering faith and for being an integral part of
this remarkable journey!
Regards,
Karan Adani
Chairman