AMCD Acc Gds (Regs)

RNS Number:5290Q
ACC Limited
01 February 2007


                                                                   PRESS RELEASE

                                      ACC Limited
                  ( Formerly The Associated Cement Companies Ltd.)


1)  2006 (January-December 2006) Results (Consolidated)


                                                Yearly                      Yearly       Growth
                                                Jan-Dec 2006          Jan-Dec  2005       ( % )


Sales Volume                          Million Tonnes         18.86          17.50          7.8

Sales Turnover                        Rs. Crore            5851.24        4563.57         28.2

Profit Before Exceptional items and   Rs. Crore            1462.38         571.95        155.7
Tax

Exceptional Items ( Net of Tax)       Rs. Crore             140.21         196.84

Net Profit                            Rs. Crore            1239.60         695.97         78.1




The company sold 18.86 million tonnes of cement as compared to 17.50 million
tonnes during 2005 (Jan-Dec), an increase of 7.8%.  Turnover is up by 28.2 % at
Rs. 5851.24 crore during the year as compared to Rs. 4563.57 crore during 2005.



Improved realization and volume as partially offset by increase in cost of
inputs has resulted in higher profit before interest, depreciation, exceptional
items and tax at Rs.1778.53 crore during the year as compared to Rs. 895.02
crore for the year 2005-up by 98.7%.



Profit before exceptional items and Tax for the year ( Jan-Dec-06) increased to
Rs. 1462.38 Crore as compared to Rs. 571.95 crore during the year Jan-Dec-2005
up by 155.7%.



Profit after tax for the year (Jan-Dec-06) has improved by 78.1% at Rs.1239.60
crore as compared to Rs.695.97 crore during the year 2005 (Jan-Dec-2005).


                                                  -2-


2) Standalone Results - Q-4




                                                 Quarter             Quarter          Growth
                                               Oct-Dec 2006       Oct-Dec  2005        ( % )


Sales Turnover                        Rs. Crore        1619.90         1078.37         50.2

Profit Before Exceptional items and   Rs. Crore         445.35          108.82        309.2
Tax

Net Profit                            Rs. Crore         358.46          173.45        106.7


The company's sales turnover improved by 50.2% at Rs. 1619.90 crore during the
quarter Oct-Dec-06 as compared to Rs.1078.37 crore during corresponding previous
quarter.


Profit before exceptional items & tax for the quarter Oct-Dec-06 increased to
Rs.445.35 crore as compared to Rs. 108.82 crore during corresponding previous
quarter up by 309.2%.


Profit after tax for the quarter Oct-Dec-06 has improved by 106.7% at
Rs. 358.46 crore as compared to Rs. 173.45 crore during corresponding previous
quarter.



3) New Projects/Modernisation



The projects for Lakheri expansion of capacity by 0.90 MT to 1.50 MT alongwith
 25 MW Captive Power Plant is nearing completion. The various augmentation of
grinding capacities at Kymore by 0.50 M.T., Tikaria by 0.31 M.T.,Sindri by 0.40
M.T. and Wadi by 1.08 M.T. are in progress. Accordingly, company will add 3.19
M.T. capacity to reach year end capacity of 23.10 M.T. by December 2007. Bargarh
expansion of capacity by 1.18 M.T. alongwith 30 MW Captive Power Plant are
progressing as scheduled. Project for expansion of Wadi New plant by further 3.0
M.T. has been taken up.


                                           - 3 -




4) Outlook



The Indian economy has recorded strong growth rate during current year. The
cement industry recorded a healthy growth rate of about 11.3% during the
calendar year 2006 as compared to 9.4% for the previous period. With continued
emphasis on housing, infrastructure and ambitious plan for developing special
economy zones, cement industry is expected to continue to fare well in the
coming year.




5) Dividend



The Board of Directors has decided to recommend a dividend of Rs.15
Per share aggregating to Rs.320.32 Crore (including tax on dividend).





                                                                             (
M.L.Narula )


Managing Director
Mumbai - February 1, 2007



                      This information is provided by RNS
            The company news service from the London Stock Exchange
END

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