Company Directory - ACC Limited
Company Details - ACC Limited
ACC Limited
Mumbai, India
ACC Limited is one of India's leading cement manufacturers, offering a diverse range of cement and building materials. Recently integrated into the Adani Group, the company has experienced a significant decline in its stock value, reflecting broader market pressures. Its established brand and extensive operational footprint have made it a recognized name in the Indian construction industry.
CCI Score
CCI Score: ACC Limited
-14.51
0.01%
Latest Event
ACC Limited Ties Under Fire Amid Adani Fraud Allegations
ACC Limited, now integrated into the Adani Group, is coming under heightened scrutiny as allegations of fraud and bribery against group leader Gautam Adani cast a shadow over its political and business practices. The negative fallout from the US fraud charges and precipitous loss in market value has implications for the company’s associations with political power and ethical business practices in India.
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ENABLER
ACC Limited is currently rated as an Enabler.
Latest Events
- NOV222024
ACC Limited, now integrated into the Adani Group, is coming under heightened scrutiny as allegations of fraud and bribery against group leader Gautam Adani cast a shadow over its political and business practices. The negative fallout from the US fraud charges and precipitous loss in market value has implications for the company’s associations with political power and ethical business practices in India.
-60
Public and Political Behavior
March 24
ACC Limited’s association with the Adani Group places it in a negative light in terms of political influence. The group’s ties with high-level political figures and alleged orchestrated bribery to secure government contracts signal a dangerous pattern of political complicity that supports authoritarianism.
Gautam Adani: How US fraud charges against him impact India's economy and politics
-50
Business Practices and Ethical Responsibility
March 24
The reported bribery allegations and corrupt practices aimed at securing billion-dollar contracts raise serious ethical questions about the business practices of the Adani Group, impacting ACC Limited by extension. Such unethical behavior undercuts democratic institutions and supports authoritarian economic agendas.
Gautam Adani: How US fraud charges against him impact India's economy and politics
-55
Economic and Structural Influence
March 24
The dramatic loss in market capitalization following the fraud allegations reflects deep-seated economic vulnerabilities and structural issues within the Adani Group. Such financial instability and questionable economic practices contribute to an environment where authoritarian influence can thrive, negatively impacting the broader political economy.
Gautam Adani: How US fraud charges against him impact India's economy and politics
- NOV212024
SEC charges the Adani Group in a $265 million bribery scandal, highlighting potential political misconduct and unethical business practices. Given ACC Limited's integration into the Adani Group, these allegations raise serious concerns about the company's indirect complicity in fostering corruption and compromising democratic accountability.
-60
Public and Political Behavior
March 24
The SEC bribery charges suggest significant engagement in unethical political behavior, undermining democratic processes through alleged corruption. This negative political behavior reflects a broader trend of prioritizing corporate gains over public accountability, particularly relevant given ACC Limited's association with the Adani Group.
-70
Business Practices and Ethical Responsibility
March 24
The bribery scandal underscores severe breaches in business ethics and governance. These allegations indicate practices that could erode public trust, encourage corruption, and indirectly support authoritarian tendencies by normalizing unethical corporate behavior.
- NOV212024
ACC Limited, a major cement manufacturer recently integrated into the Adani Group, is under scrutiny following allegations of bribery and fraud leveled at its parent conglomerate. The scandal highlights potential complicity in practices that undermine democratic accountability and ethical business conduct.
-40
Public and Political Behavior
March 24
ACC Limited's integration with the Adani Group places it in the orbit of a conglomerate now accused of engaging in bribery and fraud. This association raises serious questions about the group’s public and political behavior, suggesting an alignment with political practices that may serve authoritarian interests.
Shares in India's Adani Group plunge 20% after US bribery, fraud indictments
-30
Business Practices and Ethical Responsibility
March 24
The fraud and bribery allegations cast a shadow over the ethical responsibilities of the Adani Group. By extension, ACC Limited, as part of this conglomerate, is implicated in questionable business practices that erode transparency and accountability, thereby potentially supporting authoritarian business practices.
Shares in India's Adani Group plunge 20% after US bribery, fraud indictments
- NOV212024
ACC Limited, now part of the Adani Group, has seen its market value fall alongside its parent conglomerate amid allegations of securities fraud, bribery, and market manipulation. This event highlights concerns around political behavior, ethical business practices, and economic influence stemming from its association with the Adani Group.
-30
Public and Political Behavior
March 24
As part of the Adani Group, ACC Limited is indirectly exposed to questionable political behaviors and affiliations. The group's broader engagement with political figures and controversial narratives, as evidenced by the scandal and alleged misuse of influence, negatively affect ACC's public and political image.
Allegations and scandals against the Adani Group: A timeline
-60
Business Practices and Ethical Responsibility
March 24
The allegations of bribery and fraud within the Adani Group raise serious ethical concerns regarding business practices. ACC Limited’s association with the group exposes it to these questionable practices, casting a long shadow over its commitment to ethical responsibility.
Allegations and scandals against the Adani Group: A timeline
-40
Economic and Structural Influence
March 24
The substantial market value decline experienced by ACC Limited, along with other Adani Group companies, underscores issues of economic and structural influence. The integration with a conglomerate facing serious financial and regulatory challenges suggests systemic economic risks affecting ACC’s operations.
Allegations and scandals against the Adani Group: A timeline
- JAN012023
ACC Limited has published its Human Rights Policy, which outlines a strong commitment to upholding international human rights and labor standards. The policy emphasizes adherence to anti-forced labor, child labor laws, and SA8000 standards, reflecting a robust approach to protecting worker rights and ethical business practices within the Adani Group framework.
+80
Labor Relations and Human Rights Practices
March 24
The human rights policy outlined by ACC Limited demonstrates a proactive stance towards protecting labor rights and ensuring adherence to international human rights standards. The policy commits to anti-human trafficking measures, child and forced labor laws, and the SA8000 framework, indicating a positive step in supporting ethical labor practices. From a left-leaning perspective, this commitment is viewed as a countermeasure to corporate practices that could otherwise align with oppressive, authoritarian models.
- OCT082022
Following the acquisition by the Adani family, ACC Limited appointed its youngest-ever chairman, Karan Adani. This leadership change is significant as it consolidates the influence of the Adani Group, raising concerns about potential executive political engagement and the use of corporate power to serve authoritarian interests.
-30
Executive Political Engagement
March 24
The appointment of Karan Adani as chairman not only consolidates control within the Adani Group but also exemplifies how influential business dynasties may leverage executive roles for broader political impact. Given historical concerns about the role of corporate leaders in influencing political agendas and potential alignments with authoritarian policies in India, this event is rated negatively from a corporate complicity perspective.
- APR012020
ACC Limited, through its ACC TRUST and associated Self Help Groups, has implemented crucial COVID-19 relief measures including face-mask production, sanitization drives, food distribution, and health education across vulnerable communities in India. These initiatives demonstrate a commitment to ethical business practices and community support at a time when many companies neglect worker and community welfare.
+80
Business Practices and Ethical Responsibility
March 24
ACC Limited's CSR actions during the COVID-19 crisis signal a robust commitment to ethical responsibility and community investment. Their production of face-masks by training and mobilizing local women, provision of essential supplies to rural communities, and active participation in local health and sanitation drives illustrate a proactive stance in supporting vulnerable populations. These efforts help to counteract trends of neglect and exploitation often associated with authoritarian-aligned corporate practices, thereby earning a high positive score in the Business Practices and Ethical Responsibility category.
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