India Cements was set up in 1946 and the company's first plant was established in 1949 at Sankarnagar, Tamil Nadu. Since the India Cements Ltd. has been established, it has risen in stature to become the biggest cement producer in south India.
India Cements has 7 plants spread across Andhra Pradesh and Tamil Nadu. The total production capacity of the plants is around 9 million tons per year. In south India, India Cements Company has a 28% market share and it plans to achieve a market share of around 35% in the near future. Around 90% of India Cements Company's produce is sold in the Tamil Nadu and Kerala markets.
India Cements Company has a distribution network which is very strong - it has over 10,000 stockists out of which around 25% is devoted to the company. The India Cements Ltd. owns famous brands such as Rassi Super Power, Sankar Super Power, and Coromondal Super Power. The India Cements Company has subsidiary companies which include ICL Financial Services, Industrial Chemicals & Monomers, ICL International, and ICL Securities.
The total income of India Cements amounted to Rs. 4,906.60 million in 2005-2006, and the next year the total income increased to Rs. 7,109.10 million. The net profit of the company amounted to Rs. 1,125.9 million in 2005-2006, which shot up to Rs. 1,834 million in 2006-07. The India Cements Company has decided to expand its existing capacity of production by investing Rs. 13.5 billion.
The various varieties of cement produced by the India Cements are:
- Portland Pozzolana Cement
- Ordinary Portland Cement
- Sulphate Resistance Cement
India Cements has established itself as a leading cement manufacturing company and as it plans to expand its production capacity, the company's position in the market is sure to rise in the near future.
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