ABSTRACT

The cement industry is one of the most energy-intensive sectors of the Indian economy. A historical examination of productivity growth of Indian industrial sector reveals that much-needed growth and development of Indian industry is not possible without the cement sector. ACC Ltd is Indias foremost cement manufacturer with a countrywide network of factories and marketing offices. It is also one of the initial companies in India to include commitment to environment protection as a corporate objective. UltraTech Cement Ltd is among the top ten producers of cement globally. The company manufactures and markets Ordinary Portland Cement, Portland Slag Cement and Portland Pozzalana Cement, Ready Mix Concrete, White Cement and Building Products. In terms of contribution to profitability, it is seen that ACC and UltraTech are able show better financial performance than that of the whole industry as well as ACL due to efficient management of working capital and other operations.