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INDIACEM
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About India Cements
History of India Cements Limited
Established in 1946, India Cements Limited is the largest cement producer in India. It was founded by Shri S N N Sankaralinga Iyer and Sri T S Narayanaswami. In 1949, the company set up their first plant in Sankar Nagar (Thalaiyuthu) in Tamil Nadu. In June 1958, the company launched its IPO. By 1989, India Cements Limited had two plants with a 1.3 million tonnes capacity. In 1990, the company worked on the conversion to dry process of the Sankar Nagar plant with an increased capacity of 1 million tonnes per annum. In 1991, they set up a shipping division. In the next decade, the company acquired several cement plants in other states, such as Andhra Pradesh and expanded their business. By 2008, India Cements Limited had 8 cement plants in India with a capacity of 8.81 million tonnes per annum. In 2008, the company successfully bid for the IPL franchise Chennai Super Kings, and the team won 5 IPL trophies until 2023. The company also ventured into other sectors like energy and shipping. They have 3 ships, a captive power plant of 50 MW capacity at Shankar Nagar to cater to the energy needs of their cement plants in Tamil Nadu and a coal mine in Indonesia. India Cements Limited has grown immensely since its inception. As of March 2022, it has a capacity of 15.5 million tonnes per annum. The company has 8 cement plants in Tamil Nadu, Andhra Pradesh, Telangana and Rajasthan. They have 2 grinding units, one each in Maharashtra and Tamil Nadu.Business Segments of India Cements Limited
- Cement: Under this segment, the company provides cement products under their brands, such as Sankar Super Power, Coromandel King, Raasi Gold, etc.
- Speciality Cement: In this segment, the company offers specialty cement products under Coromandel SRPC, Coromandel Sleeper Cement and Coromandel Oil Well Cement.
- Allied Products: Under this, the company provides cement-related products, such as wall putty. The product range includes Coromandel White and Coromandel Super Wall Putty.
- Coromandel Electric Company Limited: This is a subsidiary of the company that is involved in the energy sector.
- Coromandel Travels Limited: This subsidiary of the company is a travel agency.
- ICL Financial Services Limited: This is a wholly-owned subsidiary of the company that offers financial services.
Key Personalities of India Cements Limited
Srinivasan, Vice-Chairman and Managing Director Srinivasan is the Managing Director and Vice-Chairman of India Cements Limited. He has more than 50 years of experience in this industry. Under his leadership, knowledge and vision, the company has become the leading cement company in South India. From 1996 to 2001, he was a member of the Prime Minister’s Council of Trade and Industry. He also served as the President of BCCI from 2011 to 2012. He is a member of the Executive Committee of the Federation of Indian Chambers of Commerce and Industry (FICCI) and an exclusive invitation was extended by the General Committee of the Madras Chamber of Commerce and Industry (MCCI).Parent Organisation
India Cement
Managing Director
N Srinivasan (F&R)
Founded
1946
NSE Symbol
INDIACEM
Community Discussion
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AngelOne
10th July 2024
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10th July 2024
India Cements Ltd-latest-market-updates-74428
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India Cements Ltd FAQs
What is the share price of India Cements Ltd (INDIACEM) shares?
India Cements Ltd (INDIACEM) share price as of July 26, 2024, on NSE is Rs 371.75 (NSE) and Rs 371.75 (BSE) on BSE.
Can I buy India Cements Ltd (INDIACEM) from Angel One?
Yes, You can buy India Cements Ltd (INDIACEM) shares by opening a Demat account with Angel One.
How do I buy India Cements Ltd (INDIACEM) from Angel One?
India Cements Ltd (INDIACEM) share can be bought through the following modes:
1. Direct investment: You can buy India Cements Ltd (INDIACEM) shares by opening a Demat account with Angel One.
2. Indirect investment: The indirect method involves investing through ETFs and Mutual Funds that offer exposure to India Cements Ltd (INDIACEM) shares.
1. Direct investment: You can buy India Cements Ltd (INDIACEM) shares by opening a Demat account with Angel One.
2. Indirect investment: The indirect method involves investing through ETFs and Mutual Funds that offer exposure to India Cements Ltd (INDIACEM) shares.
What is the main business of India Cements?
The main business of India Cements is to manufacture and sell cement in India. It has also branched out to coal mining, shipping, and captive power, due to their synergy with the cement industry.
Who are the promoters of India Cements?
Some of the top promoters of India Cements are EWS Finance & Investments Private Ltd, Rupa Gurunath, Trustee Of Financial Service Trust & Security Services Trust, Srinivasan N, Chitra Srinivasan, S.K. Asokh Baalaje, and Rupa Gurunath.
What are the Subsidiaries that comes under India Cements?
Some of the subsidiaries that come under India Cements are Springway Mining Private Limited, NKJA Mining Private Limited, Coromandel Electric Company Limited, Coromandel Travels Limited, PT. Coromandel Minerals Resources, Indonesia, Coromandel Minerals Pte Limited, Singapore, and India Cements Infrastructures Limited.
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