About India Cements Limited 

The India Cements Limited is a long-established cement manufacturer incorporated in 1946, with its registered office in Chennai and Corporate Identity Number L26942TN1946PLC000931. It is now a subsidiary of UltraTech Cement Limited, part of the Aditya Birla Group . The company manufactures and sells cement and clinker, and also operates Ready Mix Concrete (RMC) units. Its plants are located across Tamil Nadu (Sankarnagar, Sankari, Dalavoi, Vallur), Rajasthan (Nokhla Village, Banswara District), Andhra Pradesh (Chilamkur, Yerraguntla) and Telangana (Vishnupuram, Malkapur), with RMC units in Tamil Nadu, Karnataka and Telangana . Operations are national in scope: 18 plants and 10 offices serve customers across 14 Indian states; exports are minimal and contribute 0.15 Per cent of turnover .

The company’s core activity is cement manufacturing, which accounts for the overwhelming share of turnover. Cement/clinker alone contributes more than 94 Per cent of sales, underscoring a focused portfolio, complemented by RMC offerings for specific construction needs . As of March 31, 2025, the company had 9 subsidiaries (names not listed here) following portfolio changes during the year, including the cessation of Coromandel Electric Company Limited and Coromandel Travels Limited as subsidiaries .

Key milestones include the company becoming a subsidiary of UltraTech on December 24, 2024, and its continued expansion and professionalisation under a new promoter group framework .

Business Segments of India Cements Limited 

– Segment/vertical: Manufacture and sale of cement contributed 96.85 Per cent of the entity’s turnover in the latest year .

– Geography: Exports contributed 0.15 Per cent of turnover, implying 99.85 Per cent from the domestic market across 14 states in India .

Key Management of India Cements Limited 

– Suresh Vasant Patil – Chief Executive Officer

– KrishnaGopal Ladsaria – Chief Financial Officer

– S. Sridharan – Company Secretary

Latest Updates of India Cements Limited 

– Change in promoter and control: UltraTech Cement Limited acquired 32.72 Per cent from erstwhile promoters after Competition Commission of India approval, making The India Cements Limited its subsidiary on December 24, 2024; post the mandatory open offer completed on February 4, 2025, UltraTech’s holding rose to 81.49 Per cent. The company is required to restore minimum public shareholding within 12 months of the open offer completion .

– Credit rating upgrade: CARE Ratings Limited revised the company’s long-term rating to CARE AAA (Stable) from CARE BB+, and short-term rating to CARE A1+ from CARE A4+ .

– Operational initiatives: Management highlighted logistics cost optimisation, including greater use of rail and synergies with UltraTech to reduce lead distances, widen the transporter base and optimise lorry runs through better planning .

– Portfolio changes: Coromandel Electric Company Limited ceased to be a subsidiary with effect from March 28, 2025; Coromandel Travels Limited also ceased to be a subsidiary during the year .