India Cements Limited
India Cements Limited is a cement manufacturing company in India. The company is headed by former International Cricket Council Chairman N. Srinivasan. It was established in 1946 by S. N. N. Sankaralinga Iyer.
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 has sets its vision to create value on a sustained basis for all stakeholders of India Cements through lofty standards of transparency, accountability and responsibility, innovation and leadership in cement manufacture.
The company’s CSR activities covers the thrust areas such as: Organising several skill training programmes, especially for the youth and women in targeted villages. Regular veterinary camps, to provide essential health care to the livestock apart from organising women into Self Help Groups for income generation have become their regular activities. They are working with about 350 government aided schools around their plant locations. They are also organising special coaching and summer camps, classes on computer learning, career guidance and sports and cultural competitions.
To reduce power consumption and promote use of non-polluting energy resources such as wind, natural gas and alternate fuels. The two wind mills at Palladam, Coimbatore and Tirunelveli, Tamil Nadu and the natural gas based power plant at Ramanathapuram, Tamil Nadu generate over 17 Mega Watts and 25 Mega Watts of clean energy which in turn is used by their cement plants. Their other initiatives include use of alternate fuels such as tyre chips and biomass, waste material like the bagasse in the sugar plant, reduction of power consumption by implementing unique waste heat recovery systems and adoption of zero-pollution technologies across manufacturing units.
Their shareholding pattern consists of Promoters and Promoter Group having 28.42% of shares, Public having 50.67% shares, followed by FII’s having 13.32% shares and DII’s with 7.59% shares.
