- The Company was Incorporated at Mumbai. The Company manufacturecement refractories and cement plant and other heavy machineryincluding structural and mild fabrications. The Company undertookrevamping of the Kymore unit for production of high value refractoryintermediates. ACC is India's oldest and largest cement company belonging to the Tata group.

- 6 03 200 No. of equity shares issued for consideration other thancash.

1959

- In January the Company in association with Vickers Ltd. and Babcock& Wilcox Ltd. formed a new company called ACC-Vickers-Babcock & WilcoxLtd. formed a new company called ACC-Vickers-Babcock Ltd.

1965

- On 12th March two agreements were signed between the Government ofWest Pakistan and the Company for the sale of all the immovableproperties of the Company at Wah and Rohri in Pakistan to theGovernment of Pakistan. According to these agreements a totalconsideration of Rs 3.26 crores was payable by the Government of WestPakistan to the Company in seven annual instalments along with interestdue.

- The Government of West Pakistan caused the Mumbai Branch of the FirstNational City Bank to furnish an irrevocable and without recourseguarantee to the Company.

- 4 74 731 Right Equity shares issued at par in the prop. 1:5.

1973

- The Company owned two collieries one at Nowrazabad and the other atKotma both in M.P. Both the Collieries were taken over by Governmentwith effect from 1st May under the provisions of the coal Mines(Nationalisation) Act 1973.

1975

- With the acquisition of 2 86 000 shares during the year AVB became asubsidiary of the Company.

1979

- The Company received intimation that the Commissioner of Payments hadauthorised a provisional payment of Rs 61.01 lakhs out of which a sumof Rs 6 lakhs was kept aside towards claims of the third parties whichwere pending in appeals.

- 4 74 731 Bonus shares issued in prop. 1:6.

1980

- The Company entered the field of chemical engineering as processconsultant and secured orders as well as turnkey contracts. Theprovisional payment of Rs 60.01 lakhs was received.

1981

- The name of this subsidiary was changed to ACC-Babcock Ltd. consequent upon the disinvestment of the shareholding of Vickers Ltd. U.K. in the Company.

1982

- The Company also received a communication in April from the StateCement Corporation of Pakistan Ltd. (SCCPL) informing the Company thatthey do not accept the judgement of the Mumbai High Court as final andbinding and as alleged successors-in-title they intend to proceed forarbitration in the matter of settlement of Company's sale price for itsundertaking in Pakistan.

1985

- A Collaboration agreement was finalised with Licensintorg of Moscow U.S.S.R. for acquisition of `low temperature' technology for savings infuel consumption increase in production capacity and improvement inthe whiteness index in the manufacture of white cement.

- 6 64 623 Bonus Equity shares issued in prop. 1:5.

1986

- 80 882 No. of Equity shares issued to financial institution inconversion of loans/debs. and another 16.175 shares allotted to them asbonus shares in respect of those shares.

1987

- During October the Company issued 20 42 399 - 12.5% debentures of Rs125 ech to shareholders on rights basis in the proportion 1 debenture:2 equity shares. Of these 14 94 931 debentures were taken up. Theunsubscribed portion of 5 47 468 debentures were not allotted and theissue was treated as closed.

- Another 1 02 120 - 12.5% debentures of Rs 125 each were offered tothe employees (including Indian working directors) of the Company on anequitable basis. Only 15 776 debentures were taken up. Theunsubscribed portion of 86 344 debentures was allowed to lapse.

1988

- The entire face value of each debenture was compulsorily andautomatically converted into 1 equity shares of Rs 100 each at apremium of Rs 25 per share as at 1st June. 15 10 707 No. of equityshares were issued on 1st June by virtue of this conversion.

1989

- As per the agreement signed on December 16th the four loss makingplants viz. Shahabad (Karnataka) Lalani (Bihar) Kistna (AP) andPorbandar (Gujarat) were sold and handed over to the purchases in aphased manner between the period December 1989 and February 1990.

- The Company undertook to set up a project for the use of 100% ligniteat Madukkarai Works in technical assistance with M/s. RheinbraunEngineering of W. Germany.

- The Company also assisted the plant suppliers in commissioning andother activities preceding the take over of the management operationand maintenance of the one million TPA cement plant at A1-Qaim.

- A Memorandum of Understanding was signed with M/s. Nihon CementCompany Japan for offering joint services in process engineering andproductivity services erection and construction geological environment and mining etc.

1990

- Production of grey cement at 74 lakh tonnes was almost same as in theprevious year that of refractory products stood lower at 31 742 tonnesdue to a 4 months strike at the Katni plant.

- The coal washing at the Kymore cement works was machanicallycompleted and was commissioned in 1991-92.

- The products developed in-house were dark colour portland slagcement CASAL - non portland cement for concrete repairs `Shrinkkump-40' a new grouting formulation with rapid hardeningproperties CALAL-65 a new calcium aluminate cement for refractoryapplication and Low Cement Castable - a new generation refractorymaterial.

1991

- The Company entered into an agreement with Refractechnik Germany formanufacture of high quality bricks for the cement industry. Also anadditional turbine of 25 MW capacity was being installed at theexisting 25 MW captive power plant at Wadi works.

- The Company undertook to set up a synthetic ferric oxide plant of10 000 tonnes per annum capacity at Falta in West Bengal at anestimated cost of Rs 24 crores.

- The Company entered into a joint venture agreement with Nihon CementCo. Ltd. Japan pursuant to which a new company viz. Acc-NihonCastings Ltd. (ANCL) was incorporated for manufacture of high qualityalloy steel castings.

1992

- A technological collaboration agreement was entered into withInternational Steel Services Inc. USA for supplying IROX-NKK technologyfor setting up the Company's 10 000 TPA high purity synthetic ferricoxide plant at Falta in West Bengal.

- One of the rotary kilns at Sindri Works was converted to slag drierand new auxillary equipment installed to enable during of wet slagreceived from steel plants for manufacture of portland blast furnaceslag cement.

- Also seven large electrostatic precipitators were installedcompleting the programme for providing individual ESP's to all the 27kiln operated by the Company.

- In addition the Company proposed to acquire a significant equitystake in Webel Electro Ceramics Ltd. in Kalyani West Bengal. It hadset up a modern plant for the manufacture of soft ferrites.

- The Company along with TELCO and Tata Exports Ltd. signed a jointventure agreement with Asahi Glass Co. Ltd. Japan for participating inthe equity of Floatglass India Ltd. for manufacture of float glass atTaloja Maharashtra.

- An integrated pilot plant was set up for a new generation ofrefractories.

- 22 38 202 Bonus Equity shares issued in November in prop. 2:5.

1993

- The Company undertook to instal additional power plant of 25 MWcapacity at Wadi works.

- Advanced research work was carried on in the field of chemicallybonded ceramics in collaboration with materials research laboratory ofthe Pennsylvania State University USA.

- The Company entered into a joint venture agreement with AluminiumCompany of America (ALCOA) USA. The joint venture company Alcoa-AccIndustrial Chemicals Ltd. is to set up a 10 000 TPA capacity plant atFalta in W. Bengal.

- A MOU was signed in the Fars Khuzistan Cement Co. Iran for a jointventure company to be set up in Iran for providing engineering andconsultancy services in governmental and specifically in the areas ofprocess dignostics productivity optimization plant upgradation etc.

1994

- The Company signed a MOU for management operation and maintenance ofthe existing 1.2 million TPA cement plant at Yanbu for a period of 3years commencing from March 1996 with Yanbu cement company.

- The Company proposed to undertake major modernisation programme ofits old unit at Lakheri & Kymore by adopting dry process technology ata total estimated cost of Rs 123 crores.

1995

- The new 1.2 MTPA clinkering unit at Kymore and the cement grinding packing and loading plant at Kymore was modernized and madeoperational.

- The surplus clinker from Kymore would be supplied to a new grindingunit to be set up in Uttar Pradesh and the balance to Sindri Works where the grinding packing and loading capacity was under expansionfrom 0.3 MTPA to 0.6 MTPA.

- Operation of the Cement plant unit at Bandra-Kurla Complex wasexpanded. A second unit was commissioned at Kalamboli to supply readymixed concrete in the Navi Mumbai area. The third RMC plant wascommissioned at Bangalore to facilitate the supply of quality concreteto the expanding construction activities in the city.

- The Company signed a joint venture agreement with BridgestoneCorporation Japan for setting up a plant near Indore in MadhyaPradesh for manufacture of internationally renowned Bridgestone brandof all steel radial tyres for motor vehicles.

- Approvals were received for issue of equity shares and/or equityrelated instruments for a Euro issue of upto US $ 100 million.Approval was received for issue of upto 5 00 000 warrants to certainTata Companies.

- Cement Marketing Co. of India Ltd. Associated Tyre Machinery Co.Ltd. and ACC Nihon Castings Ltd. are subsidiaries of the Company.

- 7 29 565 Rights shares issued (Prop. 1:10; Prem. Rs 39.00).

1996

- The company was awarded another contract for management operation andmaintenance of a new two MTPA cement plant at Saudi Arabia.

- The Company proposed to set up a new cement plant at Wadi with aninitial capacity of 2 MTPA.

- The Company's new unit at Nagpur for manufacture of monolithicrefractories was partly commissioned. New products under licence fromM/s. Intoeast of Germany were produced for the first time at Nagpur.

- The Company also offered consultancy services in respect to designand drawings for the construction of cement plants refractory liningsand technical know-how in prospecting work.

- 51 37 971 bonus equity shares issued in prop. 3:5.

1997

- A memorandum of understanding (MoU) was signed to facilitate the newventure by KPCL managing director K Jairaj and his ACC counterpart T MM Nambiar in the presence of Karnataka Chief Minister J H Patel.

- The Associated Cement Companies (ACC) has set up a modernpre-grinding unit based on the vertical pre-grinder technology at itsplant in Chanda Maharashtra. The pre-grinder set up for the firsttime in the country has been developed by ACC Machinery Company Ltd(AMCL) a 100-per cent subsidiary company.

- ACC's Wadi plant in Karnataka is installing a single kiln with acapacity of 10 000 tonnes per day (tpd).

- The Associated Cement Companies (ACC) will enter the syndicated debtmarket shortly with a seven-year floating rate paper of Rs.100-crorewith the coupon pegged at three to 3.5 percentage points above the bankrate of nine per cent. The paper will have a put-and-call option afterfive years.

1998

- The modernisation project at Sindri was commissioned during April andthe new portland pozzolana cement grinding unit of 0.6 MTPA capacity atTikaria in U.P. was under implementation.

- ST-BSES the coal washing joint venture between BSES Ltd SpectrumTechnologies and CLI Corporation of USA has signed up with the cementmajor ACC Ltd to sell washed coal.

- ACC and Ebara Corporation of Japan have signed an MoU for jointimplementation of environment-related projects in India.

- ACC Ltd has bagged the Ficci award for adopting innovative measuresfor pollution control waste management and conservation of mineralresources in mines and cement plants in Himachal Pradesh. The award isfor the Gagal cement unit which has also received the ISO 14000certification from the Bureau of Indian Standards.

- ACC made a preferential offer of naked warrants/equity shares to thepromoter group at an exercise price of Rs. 110 per share. - ACC made a rights offer of equity at a price of Rs. 55 per share andsubdivide the face value of shares of Rs. 100 each to Rs. 10 each havestirred a hornet's nest.

1999

- In Jan. 1999 the company came out with the rights issue of equityshares of Rs 10 each at a premium of Rs 45 per equity shares in ratioof 1:4 to raise funds for capital expenditure onmodernisation/expansion of existing plants and creation of new capacityat wadi. Also in Nov. 1999 it commenced commercial production ofcaptive power plants with capacity of 25 MW each at Jamul and Kymore.

- ACC's objective is to increase its cement capacity by approximatelythree million tonnes per annum over the next two years.

- Of the 14 31 022 scam-tainted shares which constitute 10.4 per centof the total equity 6 76 731 shares are held in the name of notifiedparties - of which the Harshad Mehta group's holding adds up to6 23 345 shares. Benami shares allegedly held by Harshad Mehta amount to 6 50 356 shares while unregistered shares amount to 1 03 935shares.

- The ACC has set up an internal committee to "review" investments insubsidiaries and associate companies.

- Shares of cement major ACC Ltd shot up by Rs 100 to Rs 1 450 afterthe market was abuzz with unconfirmed reports that French cement majorLafarge had appointed an investment bank to negotiate a buyout offinancial institutions' stake in the Tata group cement company.

- The Rs 2 500-crore ACC plans to double capacity at its Wadi Gulbargaplant from the present two million tonnes to four million.

- ACC Ltd will offer ready-to-use value-added products in a year'stime. The `Suraksha' brand was launched a year ago in the Konkanregion and has features which make it a durable cement for the coastalbelt.

- The ACC has taken up capital expenditure programme amounting to Rs750 crore for modernisation-cum-expansion of the existing plants andthe creation of new capacity additions at Wadi or through acquisitions.

- ACC is making a rights offer to part-finance itsexpansion/modernisation programme at its existing plants and set up anew unit at Wadi.

2000 - Tata group has exited from the company by divesting their 14% equitystake in favour of Gujarat Ambuja group. Notably Gujarat Ambuja groupis the most efficient and aggressive cement group in India. Thedisinvestment was done in phases at Rs 370 per sahre. ACC has completedthe modernization and expansion of the Chanda and Madukkarai cementplants for increasing their capacities to around 1 MTPA each. Theseplants started production from 1 September 2000 and 1 October 2000respectively. The de-bottlenecking at Chanda Gagal and Madukarraiplants have added 1 MT to ACC's installed capacity.

- During the quarter ended Mar. 2001 the company commissioned its newWadi plant of 2.6 MTPA which is the largest kiln in the country. Withthe commissioning of this plant ACC's installed capacity of cement isthe highest in the industry at 15.3 million tonnes. Also the construction of a 15-MW thermal power plant at Chanda CementWorks is progressing satisfactorily and will be completed as perschedule. ACC also plans to have a similar power plant of 15 MW atMadukkarai. ACC has decided to put on hold its plans to set up five new ready mixconcrete (RMC) plants. Instead it has decided to consolidate theexisting 13 RMC units and to go in for a capacity expansion of theseoperational units. The company along with the Tatas has decided to exit from the ailingbusiness at Floatglass India. ACC holds around 13% stake in thatcompany. Asahi Glass of Japan a co-promoter and the single largeststakeholder has agreed to buy their stakes. The sale of the equitystake stake in preference capital as well as non-compete fee willfetch Rs 19.9 crore to ACC. - The Company has turned down a proposal from the Gujarat Ambujanominees on its board to set up its own diesel generating sets for theexpended capacity at Wadi Karnataka instead of sourcing power fromthe Tata Electric Companies.

- The Company has suspended operations at one of its smaller cementworks at Mancherial which has a capacity of about 330 000 tonnes. Thesuspension is due to non-availability of lime-stone.

- ACC is likely to set up a 1-million tonne per annum cement plant inBellary.

- The Company proposes to exit from its non-core businesses.

2002

- ACC Ltd has informed that 18300 shares have been allotted to thepermanent employees of the company including employees retired duringthe FY 2001-02. The company has received from applicants the issueprice of Rs.108/- per share in full for 18300 shares allotted onDecember 31 2001.

- The ACC .Mr. T.M M Nambiar has been re-appointed as Managing Directorfor a further period from June 01 2002 to November 30 2002 on theexisting terms and conditions.

2. M L Narula Wholetime Director is redesignated as Chief OperatingOfficer. In addition to his current responsibilities of being inchargeof the Cement Business Mr. Narula will be also directly supervise theHuman Resources and Finance functions. He will continue to report tothe Managing Director.

3. Mr. A K Jain President-Marketing has been inducted on the Board inthe casual vacancy of Dr AK Chatterjee and appointed Wholetime Directorfor a period of three years with effect from January 25 2002.

2002

- Associated Cement Companies Ltd has informed that Mr P J Jagus hasresigned from the Board of Directors of the company wef January 25 2002 after a long and fruitful association of 55 years with ACC. TheBoard has at its meeting held on January 25 2002 appointed Mr S MPalia as a Director in the Casual vacancy. - In Feb. 2002 consequent upon the transfer of shares from Etex Groupto the company Eternit Everest has become a subsidiary of the companyw.e.f. 12.02.02. The company now holds 76.01% of the total equityshares of Eternit Everest Ltd.

-ACC re-appoints P K Sinor as Wholetime Director.

-Associated Cement Companies Ltd has informed that pursuant to the resolution passed by circular dated June 10 2002 by the Shareholders/Investors Grievance Committee 12100 shares were allotted against exercise of Stock Options granted to employees under the Employees Stock Option Plan 2000.Consequently the paid up share capital of the Company has increased from 1 70 811 885 shares as on May 16 2002 to 1 70 823 985 shares of Rs 10/- each as of date.

-Associated Cement Companies Ltd has informed that a share purchase and transfer agreement has been executed between ACC and EPCOS AG Germany for sale of 1 52 18 098 equity shares of the face value of Rs 10 each held by ACC in International Ferrites Ltd (IFL) to EPCOS AG Germany. This constitutes the sale of ACC's entire shareholding in IFL amounting to about 35% of IFLs share capital.

-ACC divests its entire holding in GRUH Finance in favour of HDFC.

-T M M Nambiar retires as Managing Director of ACC wef December 01 2002.

-Chairman Emeritus Mr N A Palkhivala expires

-Singapore Investment Corp increases its stake in ACC up to 5.04%

-Divests 500 000 shares of Tata Industries

-Stops its agrotech and mining operations

-Appoints Mr. M L Narula as managing director in place of Mr. T M M Nambiar

-Receives full consideration for sale of equity shares in International Ferrites

-Wins PHDCCI Good Corporate Citizen Award for the year 2002

-LIC holds 14.31% stake in the company

2003

-Govt. of Singapore cuts down its holding in the company from 4.23% to 2.96%

-Sells 19.5% stake in Bridgestone ACC India to Bridgestone Corporation Japan for Rs 50 crore

-Increases stake in its subsidiary Eternit Everest India from 26 per cent to 76 per cent by acquiring the shareholding of Belgium-based Etex group. The name of Eternit Everest India rechristened Everest Industries Ltd.

-Bids for Idcol Cement of Industrial Development Corporation of Orissa (Idcol) where the Government of Orissa hold 87% and remaining owned by UTI

-Special court decides not to auction ACC shares held by Harshad Mehta

-Foreign Institutional Investors (FII) increase holding in the company from 18% to 22% in two months

-ACC on December 22 2003 has signed a share purchase agreement with Industrial Development Corporation of Orissa Ltd to acquire its entire shareholding in IDCOL Cement Ltd (ICL) amounting to 86.79% of ICL's equity share capital. Earlier this month the State's Cabinet Committee on Disinvestment had approved the sale of IDCOL Cement Ltd to ACC as announced by the Department of Public Enterprise Government of Orissa.

2004

-Associated Ceramics Ltd has informed that at the meeting of the BoD held on January 31 2004 the Board approved voluntary delisting of shares from Calcutta Stock Exchange Association Ltd and Hyderabad Stock Exchange Ltd.

-launches $100m GDR FCCBs

-ties up with UTI MF to buy out their entire 13.3 per cent shareholding in Bargarh Cement (formerly Idcol Cement) for a total consideration of Rs 26.85 crore.

-Associated Cement Companies (ACC) has purchased 13.21 per cent stake in Bargarh Cement Ltd from Unit Trust of India. ACC bought 3.5 crore shares of the nominal value of Rs 10 each in the company for a consideration of Rs 26.85 crore. With this Bargarh Cement becomes a 100 per cent subsidiary of ACC.

-Citigroup purchases 8.06 lakh GDRs of ACC

- ACC Ltd appoints Naresh and Varshitha as Addl Directors

-Delist from Cochin Stock Exchange

-Delist from Delhi Stock Exchange with effect from October 13 2004.