India Cements Ltd is the largest producer of cement in South India. The company has four plants in Tamil Nadu and four in Andhra Pradesh, India which cater to all major markets in South India and Maharashtra. They are the market leader with a market share of 28% in the South India. They have a distribution network with over 10,000 stockists. Their brands include Coromandel King-Sankar Sakthi- Raasi Gold, Coromandel-Sankar-Raasi, blended cements and Sulphate Resisting Portland Cement. Their product includes ready mix concrete (RMC). The company subsidiaries include Industrial Chemicals and Monomers Ltd, ICL Financial Services Ltd, ICL Securities Ltd, ICL International Ltd and Trinetra Cement Ltd.
India Cements Ltd was incorporated in the year 1946. In the year 1949, the company commissioned their first Cement plant at Sankarnagar with the installed capacity 1 lakh tonnes per annum. In the year 1963, they commissioned their second cement plant at Sankaridrug with the installed capacity 2 lakh tonnes per annum. In the year 1969, they expanded the installed capacity at Sankarnagar to 9 lakh tonnes per annum. Also, they received Merit Certification for Outstanding Export Performance (1968-1969). In the year 1971, the company expanded the installed capacity at Sankari Drug to 6 lakh tonnes per annum.
In the year 1990, the company acquired Coromandel Cement plant at Cuddapah. They converted the Sankarnagar Plant to Dry Process with the increased capacity of 1 million tonnes per annum. In the year 1991, they ventured into shipping and set up a shipping division. In the year 1994, they received ISO 9002 certification for Sankarnagar plant.
In the year 1996, the company commenced commercial production at their green field cement plant at Dalavoi. In the year 1997, they acquired Aruna Sugars Finance Ltd and renamed it as India Cements Capital & Finance Ltd. also, they acquired Cement Plant of Visaka Cement Industry Ltd, at Tandur, Ranga Reddy district of Andhra Pradesh.
In the year 1998, the company acquired Cement Corporation of India's Yerraguntla Cement Plant at Andhra Pradesh. Also, they acquired Raasi Cement Ltd., at Nalgonda District of Andhra Pradesh. In the year 1999, the company acquired Cement Plant of Shri Vishnu Cement Ltd., at Nalgonda District of Andhra Pradesh. In the year 2001, they divested their stake in Sri Vishnu Cement Ltd.
In November 2004, the company commissioned the Unique Waste Heat Recovery System for generation of power from waste gas at Vishnupuram Cement Plant with the capacity of 7.7 MW. Also, the company through their special purpose vehicle Coromandel Electric Co Ltd commissioned a (gas based) captive power plant at Ramanathapuram with the capacity of 17.4 MW.
In the year 2007, Visaka Cement Industry Ltd was amalgamated with the company. The company converted the Sankari plant from wet process to dry process and commissioned the plant. In the year 2008, they revived their shipping business with the purchase of two ships (dry bulk carriers) with a total capacity of 79,843 DWT. They completed and commenced commercial production of one million tonne grinding plant at Chennai. Also, the company successfully bid for the Chennai franchise of the DLF-IPL 20/20 Cricket Tournament - 'Chennai Super Kings'.
In the year 2009, the company completed and commenced commercial production of one million tonne grinding plant at Parli (Maharashtra). The company's subsidiary, namely, Trishul Concrete Products Ltd completed and commenced commercial production of one lakh Cu.M ready mix concrete Plant at Hyderabad (Andhra Pradesh). In March 2009, the commenced operations in the II line of 1.2 MT at Malkapur. In April 2009, they upgraded capacity of kiln I to 3000 TPD (1700 TPD) at Vishnupuram.
In January 2010, ICL Financial Services Ltd (ICLFSL), the company's wholly owned subsidiary, acquired 60.89% (including shares acquired under open offer) equity share capital in Indo Zinc Ltd (IZL). Consequently, IZL became a subsidiary of ICLFSL and ultimate subsidiary of the company. The company set up PT. Coromandel Minerals Resources as subsidiary in Indonesia for acquiring coal concessions.
During the year 2010-11, the company obtained ISO 9001 certification for quality assurance for their Dalavoi Plant in addition to their existing plants at Sankarnagar, Chilamakur and Vishnupuram. In June 2010, the company completed the upgradation of capacity at Chilamakur to 4500 tonnes per day.
During the year, the company initiated steps to set up a division for infrastructure activities. The Division is in the process of finalizing the main areas of focus and is likely to commence activities during the current year.