Showing posts with label ACC. Show all posts
Showing posts with label ACC. Show all posts

November 1, 2007

ACC - Production & Despatch figures for October 2007

ACC Ltd has informed that the Company's production and despatch figures for the month of October 2007, are as follows:

October 2007

Cement production: 1.76 million tonnes
Cement despatches: 1.76 million tonnes

October 2006

Cement production: 1.68 million tonnes
Cement despatches: 1.65 million tonnes

Cumulative

January - October 2007

Cement production: 16.75 million tonnes
Cement despatches: 16.73 million tonnes

January - October 2006

Cement production: 15.52 million tonnes
Cement despatches: 15.51 million tonnes.

October 7, 2007

ACC commissions Wind Energy Farm in Tamil Nadu

ACC Ltd has announced that the Company has successfully commissioned its first Wind Energy Farm located in Udayathoor in Tirunelveli district, Tamil Nadu. This initiative is part of the Company's efforts to adopt clean and green technologies to reduce dependence on conventional fossil fuel based energy sources.

The wind power plant comprises six modern wind turbines of capacity 1.5 MW each made by Suzlon Energy Ltd. The project was executed in a record time of three months from start to finish. The Company's Udayathoor Wind Farm is located near Kanyakumari, a region that experiences winds of enough speed to support wind energy installations.

Wind power generated here will be wheeled to the Company's Madukkarai Cement plant in Coimbatore through a suitable arrangement with the state grid. Excess power not utilized by Madukkarai plant will be offered to the grid.

Sumit Banerjee, Managing Director, said "The state of Tamil Nadu has been proactive in promoting and adopting renewable sources of energy. Our Madukkarai cement plant has already been contributing to conserving mineral resources by using low grade limestone and fly-ash. I am pleased to dedicate the Udayathoor Wind Farm to honour this nature-friendly spirit of the people and the Government of Tamil Nadu. The Udayathoor Wind Project is a small but significant milestone in ACC's journey towards sustainable development."

Electricity generated from wind power is Green energy. It is renewable; it is non-polluting, relatively noise-free and leads to no direct emissions. Wind energy projects are eligible for Clean Development Mechanism (CDM) benefits under certain specific conditions.

September 3, 2007

Morgan Stanley - Overweight and Underweight

Overweight

Hexaware Technologies

House of Pearl Fashions

Union Bank of India

Parsvanath Developers

Sobha Developers

TCS

Aventis

Amtek Auto

Indian Hotels

Mahindra and Mahindra

Underweight

IDBI

Ultratech Cement

Kotak Mahindra Bank

Hotel Leela

EIH Ltd

Tata Motors

ACC

Ambuja Cements