India Cements

India Cements Limited is a cement manufacturing company in India. The company is headed by former International Cricket Council chairman N. Srinivasan.

India Cements Limited
TypePublic
BSE: 530005
NSE: INDIACEM
IndustryConstruction
Founded1946 (1946)
HeadquartersChennai, Tamil Nadu, India
Key people
ProductsCement
Revenue₹52.28 billion (US$730 million) (03/2020) [1]
₹0.53 billion (US$7.4 million) (03/2020)
Total assets₹116.70 billion (US$1.6 billion) (2020)
Number of employees
3000
Websitewww.indiacements.co.in

It was established in 1946 by S. N. N. Sankaralinga Iyer and the first plant was set up at Thalaiyuthu in Tamil Nadu in 1949. It has 7 integrated cement plants in Tamil Nadu, Telangana and Andhra Pradesh, one in Rajasthan (through its subsidiary, Trinetra Cement Ltd) and two grinding units, one each in Tamil Nadu and Maharashtra with a capacity of 15.5 million tonnes per annum. Sankar Cement, Coramandel Cement and Raasi Gold are the brands owned by India Cements.

India Cements owned the Indian Premier League franchise Chennai Super Kings from 2008 to 2014.[2] It was transferred to a separate entity named Chennai Super Kings Cricket Ltd., after the Supreme Court of India struck down the controversial amendment to the BCCI constitution's clause 6.2.4 that allowed board officials to have a commercial interest in the IPL and the Champions League T20 on January 22, 2015.[3] India Cements is also alleged to have made controversial investments in Jagati Publications and Bharati Cements owned by Y. S. Jaganmohan Reddy.[4]

References
  1. https://www.moneycontrol.com/india/stockpricequote/cement-major/indiacements/IC
  2. "Big business and Bollywood grab stakes in IPL". ESPNcricinfo. Retrieved 6 June 2013.
  3. "Supreme court struck down controversial amendment". Espncricinfo. Retrieved 14 February 2015.
  4. "Jagan Reddy to move SC in assets case". Zeenews Bureau. 16 August 2011. Retrieved 17 August 2011.


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