ACC posts Rs 1,304 crore PAT in FY26; quarterly revenue hits record high of Rs 7,146 crore. ANI 30 Apr 2026, 23:22 GMT+ New Delhi [India], April 30 (ANI): ACC Limited, part of the diversified Adani Cement Portfolio, reported a profit after tax of Rs 1,304 crore for the financial year ending March 31, 2026, alongside its highest-ever quarterly revenue of Rs 7,146 crore. This revenue figure represents a 17 per cent increase compared to the same period last year. According to an Adani Cement press release, the company achieved these results despite significant cost pressures stemming from global geopolitical volatility and rising energy prices. The cement manufacturer closed the fiscal year with a normalized EBITDA of Rs 2,950 crore, marking a 22 per cent rise on a year-on-year (YoY) basis when excluding one-time income from the previous year. Annual sales volumes reached a record 43.9 million tonnes. For the fourth quarter specifically, sales volumes grew by 8 per cent to reach 11.9 million tonnes, supported by a higher contribution from premium products and a robust performance in the readymix concrete segment. 'Amidst the global volatility and energy cost pressures, we have delivered a sustained performance this quarter and during this fiscal, supported by strong brand penetration and disciplined execution across our operations. Despite headwinds, we recorded a highest ever sales volume and revenue in the quarter,' stated Vinod Bahety, Whole-Time Director and CEO of ACC Limited. The company's premium cement segment saw its share of trade sales rise from 41 per cent to 45 per cent over the last twelve months. Operational efficiency also trended upward, with capacity utilization improving to approximately 80 per cent during the final quarter. Regarding future growth, the company expects to add 3.4 million tonnes per annum of capacity through its expansion projects in Salai Banwa and Kalamboli by the first quarter of the 2027 fiscal year. On the structural front, the board recently approved the amalgamation of ACC with Ambuja Cements, a process currently awaiting regulatory clearances and expected to conclude in FY27. 'The year marked continued progress on improving utilisation across the existing asset base and advancing alignment under the proposed 'One Cement Platform', focused on operational integration, capital efficiency and long-term value creation,' Bahety added. Operational costs faced headwinds from the ongoing West Asia conflict, which led to higher fuel and diesel prices alongside rupee depreciation. The company indicated that these supply chain constraints and rising packaging costs will likely continue to impact the sector through the first half of the 2027 fiscal year. To counter these pressures, the firm increased its green power share to 31 per cent in the fourth quarter and focused on logistics optimization through rail and sea routes. 'With a sustained emphasis on execution, cost discipline and premiumisation, we are positive for improved performance on the back of cost efficiency in the coming quarters,' Bahety noted. Highlighting the industry outlook, the company expects a softer demand growth of around 5 per cent for the upcoming year. This forecast factors in potential impacts from a below-normal monsoon on housing and agriculture, as well as continued fuel price volatility. The company mentioned that during FY25, reported profitability included one time income of Rs 637 crore related to excise duty exemption at the Gagal plant, along with other exceptional items largely concentrated in Q4 FY'25, which resulted in a higher reported base. It also highlighted that excluding this one time income, normalised EBITDA for FY25 stands at Rs 2,425 crore, compared with reported EBITDA of Rs 2,950 crore in FY26, translating into a 22 per cent YoY improvement on a like for like basis. Despite these near-term hurdles, the company maintains a debt-free balance sheet with a net worth of Rs 20,554 crore and continues to hold AAA / A1+ credit ratings from CRISIL and CARE. (ANI)

US protests Adani's push to move cargo carriers to Navi Mumbai airport. By P R Sanjai and Mihir Mishra, Bloomberg Last Updated: Apr 13, 2026, 03:50:00 PM IST The proposed relocation of cargo carriers by the Adani Group to its new Mumbai airport has drawn sharp criticism from the United States. The US Department of Transportation has sounded the alarm to India's aviation ministry, indicating that such a decision could trigger severe consequences for American air transport interests. The US is opposing the Adani Group 's attempt to shift cargo carriers to its new airport outside Mumbai, people familiar with the matter said, in a dispute that underscores concerns about the conglomerate's growing control over India's aviation infrastructure. The US Department of Transportation wrote to India's aviation ministry in March, arguing that Adani Airport Holdings Ltd. 's push to relocate freighters - including FedEx Corp. - violates the bilateral Air Transport Agreement, the people said, asking not to be identified citing rules. The DOT warned that forcing American carriers to do so could prompt it to consider adverse measures under the treaty. You May Like The communication follows Adani's directive to freight operators to shift to the new Navi Mumbai International Airport between August 2026 and May 2027, citing refurbishment works at the current airport. The refurbishment, "including operationalization of Taxiway-E and rapid exit taxiways, will temporarily impact nearly 25% of cargo handling capacity," a spokesperson for Adani Airport said in a statement. To manage this, the operator of the Mumbai airport "proposed a phased and limited realignment of select international freighter operations to Navi Mumbai." Disproportionate influence. But with Adani controlling both Mumbai's Chhatrapati Shivaji Maharaj International Airport and the new Navi Mumbai facility, the move also reflects the group's disproportionate influence over how traffic is allocated across India's financial capital. US officials view the relocation push as effectively serving to populate the new airport - which began commercial operations in December - rather than being a neutral operational decision, the people said. The Adani Group is the country's largest airports operator in the private sector, with a portfolio of eight airports across seven Indian cities and plans to invest $11 billion to bid for a dozen more terminals by 2030. FedEx is currently the only American cargo airline operating out of Mumbai's main airport, according to the terminal's website. Moving away from the centrally located airport could affect carriers' access to prime operating slots - rights that are protected for an American carrier under the bilateral air services pact that the DOT invoked in its letter. These concerns prompted the American carrier to approach the DOT, which then escalated the matter with Indian authorities. The issue has the potential to snowball into a diplomatic problem, the people said, adding that the Indian government has written to Adani seeking an amicable solution. The department is working to ensure US carriers' rights under the US-India Air Transport Agreement, the DOT said in a statement, without giving more details. India's aviation ministry and Fedex did not respond to emailed queries. The standoff comes at an awkward moment for billionaire Gautam Adani, who is already facing a US Department of Justice probe. It also risks injecting fresh tension into US-India ties just months after the two sides concluded a hard-fought trade deal.

F1 returning to Greater Noida? Sports minister says 3 companies interested; what we know. TOI City Desk / TIMESOFINDIA.COM / Apr 13, 2026, 15:32 IST Image Used For Representational Image NOIDA: Sports minister Mansukh Mandaviya on Monday said efforts are underway to bring Formula 1 back in 2027, with the government working to address tax-related hurdles that led to the sport leaving in 2013 after three editions at the Buddh International Circuit in Greater Noida, news agency PTI reported. Speaking to the media, Mandaviya said at least three companies have shown interest in operating the circuit where the race is proposed to be held. The Indian Grand Prix was last held in 2013 before being dropped due to taxation and bureaucratic challenges. Mandaviya expressed confidence about the revival, saying: "There will be an F1 race in India in 2027. First race will be at Buddha International Circuit," Mandaviya said. However, sources within Formula 1's parent company Liberty Media indicated that an agreement is still far from final. "2027 is highly unlikely but India is a market of interest. We have many amazing fans in the country but we are not close to an agreement," said the source. Formula 1 had earlier highlighted a fan base of 79 million in the country while announcing its broadcast partnership last December. The proposal also comes as the Adani Group is set to acquire debt-laden Jaypee Group assets, including the Buddh International Circuit, reviving speculation over the track's future in global motorsport. Mandaviya said the government will play a facilitative role, particularly in addressing tax issues that previously made hosting unviable. "It will take another six months to work out the modalities. The government will help in getting the tax relaxations that had become a bone of contention so that it is a viable venture for the organisers," said the Sports Minister. He also pointed to broader geopolitical and sporting considerations, adding: "Given the global situation due to the ongoing Iran war, India is being seen as a safe and viable venue for sporting events, including F1. We plan to have a Moto GP event before F1 returns. The Federation of Motor Sports Clubs of India (FMSCI) is in talks with Formula One right now, we will be facilitators," he elaborated. Mandaviya said infrastructure upgrades and fiscal incentives would be key to attracting Formula 1 back. "Not just BIC, we have good tracks in Chennai and Hyderabad as well. Government's role would be to deliver on infrastructure and handle tax-related issues. "For instance, if the entertainment tax cannot be altogether repealed, we will try to ensure that reimbursements are provided to incentivise the project for the organisers. Discussions are ongoing on this issue. "It is an inter-ministerial matter and we are trying our best to make it attractive for Formula One," Mandaviya added. The TOI City Desk is an indefatigable team of journalists dedicated to bringing you the pulse of cities from across the nation, all day and all night. Our mission is to curate, report, and deliver city news that matters to readers of The Times of India. With a keen focus on urban life, governance, culture, and local issues, we provide a comprehensive view of the ever-evolving cityscapes. Our team works tirelessly to keep readers informed about the latest developments, ensuring that they are connected to the heartbeat of cities across India, right when it happens. The TOI City Desk is a trusted source for staying in touch with the local stories that shape your world. End of Article On this island, none of this treasure is buriedAtlantis Paradise Island | Sponsored