ACC's Sumant Moolgaokar Technical Institute at Kymore completes 50 years

ACC Ltd has announced that the Company is proud to announce that the prestigious Sumant Moolgaokar Technical Institute at Kymore has completed 50 years while simultaneously marking a new beginning for the institute as it reopens with a fresh mandate and a whole new educational curriculum.

The Kymore Engineering Institute was established in 1957, with the aim to train young men in specialized trades to became artisans, foreman and first line supervisors to meet the needs of the Company. Kymore is located in Katni district of Madhya Pradesh. KEI was later renamed as Sumant Moolgaokar Technical Institute in honour of its founder the late Dr. Moolgaokar.

The Company plans to spend over Rs 8 crores on various education, training and knowledge management initiatives including Rs 2 crores earmarked for SMTI. The programmes at the Regional Training Centre in Jamul, Chattisgarh are being redesigned completely so as to offer professional technical courses of relevance to manufacturing sectors such as cement. A state-of-the-art Learning Centre is coming up at the Company's Thane complex. The Company also proposes to partner with Government and industry associations to upgrade some ITI's located near its plants.

Dr. Rajen Mehrotra has joined the Company recently as its Chief Knowledge Officer to help steer the Company's knowledge agenda within and beyond the Company. Dr. Mehrotra has had considerable experience in industry and as an academician. Prior to joining the Company, he was with the United Nations-International Labour Organisation as Senior Specialist on Employers Activity for South Asia.

The stock was trading at Rs.1105.50, up by Rs.23.10 or 2.13%. The stock hit an intraday high of Rs.1111.10 and low of Rs.1073. The total traded quantity was 128243 compared to 2 week average of 188389.

Source : Equity Bulls

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