The India Cements Limited is a cement manufacturing company having brands such as ‘Sankar Super Power’, ‘Coromandel King’ and ‘Raasi Gold’. These brands are also available under subbrands such as ‘Shankar Shakti’ and ‘Coromandel Super Power’. The company’s manufacturing plants are based at various locations in India, including Malkapur, Vishnupuram, Chilamkur, Yerraguntla, Vallur, Sankari, Dalavoi, Sankarnagar, Banswara and Parli. Based on customer requirements, India Cements also supplies its brands in high-density polyethylene (HDPE), paper, and laminated packing.
It produces both the variants, namely, blended cement as well as ordinary Portland cement under different grades. Its subsidiaries include ICL Securities Ltd., ICL Financial Services Ltd., ICL International Ltd., Industrial Chemicals and Monomers Ltd., Trishul Concrete Products Ltd., PT. Coromandel Mineral Resources, Trinetra Cement Ltd., Coromandel Mineral Pte Ltd., Coromandel Electric Company Ltd. and India Cements Infrastructures Ltd.
Sector Overview
The cement industry is one of the crucial industries for any economy on which a country builds its infrastructure. The Indian cement industry is the second-largest cement producer in the world after China and is ahead of the US and Japan with a total installed capacity of 480 million tons per annum (MTPA). India is said to consume 7 per cent of global cement consumption. The Indian cement industry is said to be highly capital-intensive, competitive, and cyclical in nature. The industry registered a double-digit growth of 13.31 per cent in cement production at 337.32 million tons in 2018-19 compared to 297.71 million tons in the previous year. Capacity utilization was also said to have improved in the industry.
This story is from the June 08 - 21, 2020 edition of Dalal Street Investment Journal.
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This story is from the June 08 - 21, 2020 edition of Dalal Street Investment Journal.
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