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ACC Limited (Formerly The Associated Cement Companies Limited) is an Indian cement producer, headquartered in Mumbai. It is a subsidiary of Ambuja Cements and a part of the Adani Group . On 1 September 2006, the name of The Associated Cement Companies Limited was changed to ACC Limited.
Wadi is a tourist spot. Some of the attractions are the two Hanuman Temples, one in railway colony and the other situated at Konchur, a village 10 km from Wadi railway station. Also of interest are the Astaan E Quadri Halkatta Sharif Dargah, also 6 km from Wadi town, and the ACC cement plants, which use both the latest and obsolete technologies.
On 14 April 2022, Holcim announced that it would exit from the Indian market after 17 years of operations as part of a strategy to focus on core markets, and listed its stakes in Ambuja Cements and ACC for sale. [7] On May 15, 2022, Adani Group acquired Holcim's stake in Ambuja Cements and ACC for US$10.5 billion. [8]
Adani Cement is wholly-owned subsidiary of Adani Enterprises and has not begun its business operations. [ 32 ] [ 33 ] It was reported in June 2021 that the Adani Group planned to set up a cement plant in Maharashtra which will have an initial capacity of 5-Million tonnes per annum with an approximate investment of ₹900-1,000 crore. [ 34 ]
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As of 2001 India census, [1] Wadi ACC had a population of 4706. Males constitute 65% of the population and females 35%. Males constitute 65% of the population and females 35%. Wadi ACC has an average literacy rate of 78%, higher than the national average of 59.5%: male literacy is 82%, and female literacy is 71%.
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