ACC sells machinery outfit

ACC Machinery Company Ltd to HNG Group for a consideration of Rs 45 crore. “ACC Machinery has reported a net profit of Rs 9.75 crore for the year ended December 31, 2007, while sales and other income amounted to Rs 63.24 crore. The company announced a dividend of Rs 190 per share aggregating Rs 7.60 crore,” ACC said in a BSE announcement. The company last year sold ACC Nihon Castings unit for Rs 30 crore.