Board Meeting24 Jul 2026, 02:54 pm
ACC Ltd Declares Unaudited Financial Results for Q1 FY27
AI Summary
ACC Ltd announced its unaudited financial results for the quarter ended June 30, 2026. The Board of Directors also approved the acquisition of 26% equity shares in Amplus Andhra Power Private Limited for approximately INR 53.1 Mn. The acquisition is expected to be completed by October 30, 2026, and is aimed at enabling ACC Ltd to offtake electricity generated from Amplus Andhra Power's project under a captive consumption framework. The target entity is engaged in the infrastructure and renewable energy business, with a turnover of Rs. 85.40 Million as of March 31, 2025.
Key Highlights
- ACC Ltd announced unaudited financial results for the quarter ended June 30, 2026.
- Board approved acquisition of 26% equity in Amplus Andhra Power Private Limited.
- Acquisition cost is approximately INR 53.1 Mn.
- The deal is for captive power consumption under the Electricity Act.
- Acquisition expected to complete by October 30, 2026.
Price Impact
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