India Cements Ltd
NSE: INDIACEM BSE: 530005
₹297.40
+1.75 (0.59%)
Fri, 23 Oct 2026, 01:05 am
Market Cap (in Cr)9165.21
PE Ratio99.65
Dividend0
Non-Energy Minerals
Construction Materials
24.5KIndia Cements Ltd Company History
1946
- Incorporated on 21st February in Chennai.
1956
- Issued 160,000 Rights Equity shares at par in proportion 4 shares for every Rs 175 paid-up Equity capital.
1957
- Converted Deferred shares into Equity shares of Rs 5 each in proportion 1:1.
- Altered Preference shares dividend rate to 7.5%.
1958
- Subdivided Equity shares of Rs 25 each in August.
- Issued 729,650 Rights Equity shares in proportion 1:3.
1959
- Allotted 3,500 Preference shares and 30,350 Equity shares to Essen Private Ltd and Managing Agents in December.
- Allotted 40,000 Equity shares to directors of Managing Agents in December.
1960
- Issued 1,500,000 Rights Equity shares at par in proportion 1:2 in November.
1961
- Issued 2,500,000 Rights Equity shares at par in proportion 5:9.
1965
- Acquired foundry machinery and fixed assets from Microtec Casting Pvt. Ltd in October.
1969
- Issued 2,900,000 Bonus Equity shares in proportion 2:5.
1984
- Converted 33,350 7.5% cumulative preference shares into 13.5% secured redeemable non-convertible debentures from 1st April.
1985
- Installed crushing-cum-screening plant at Sankarnagar; modernised quarries; installed third DG set.
- Accepted Blue Circle Industries proposal for 3,000 tpd precalciner dry process kiln at Sankarnagar.
- Allotted 33,350 15% secured redeemable non-convertible debentures on 20th February converting preference shares.
- Privately placed 600,000 15% secured redeemable NCDs with LIC, GIC subsidiaries.
- Privately placed 1,000,000 20% non-convertible redeemable debentures with LIC, UTI, GIC.
1986
- Appointed Larsen & Toubro as Indian Consultant.
- Considered converting Sankaridurg wet process to dry process.
1987
- Erected dry process kiln with preheater.
- Proposed delinking foundry division to subsidiary.
1988
- Incorporated ICF Foundries Ltd on 1st November to delink foundry.
1989
- Entered real estate and property development business.
1990
- Granted licence to purchase 4 dry bulk cargo vessels.
- Took possession of Coromandel Fertilisers cement division in Chilmakur on 29th November.
- Installed capacity increased to 2.6 million tonnes.
- Offered 10,29,000 12.5% secured fully convertible debentures in February/March (11,71,660 allotted).
1991
- Fire damaged two furnaces in September affecting production.
- Acquired bulk carriers ICL Rajarajan (53,644 DWT) and ICL Jayamkondan (43,300 DWT).
- Acquired controlling interest in Industrial Chemicals and Monomers Ltd.
1992
- ICL Foundries Ltd took over Foundry Division supervision from 1st July.
- Acquired two bulk cargo carriers; returned chartered vessels.
- Issued 3,197,230 Rights equity shares in proportion 1:5 in April.
- Offered 159,861 equity shares to employees.
- Issued Rs 6.25 crores 14% cumulative redeemable preference shares.
- Allotted 2,777 equity shares from 1990 debenture conversions on 21st October.
1993
- Acquired vessel ICL VIKRAMA; chartered 4 foreign vessels for coal carriage.
- Issued 4,962,372 Rights equity shares at premium in proportion 1:4 in June.
1994
- Upgraded equipment and capacity to 1.1 million tpa.
- Shipping Division acquired fourth bulk carrier M.V. ICL Partibhan (55,882 DWT).
- Offered US$ 45 million Global Depository Receipts on 18th October.
1995
- Foundry Division production affected by power issues.
- Acquired fifth bulk carrier M.V. ICL Raja Mahendra (47,893 DWT); performed 8 chartered voyages.
- Allotted 1,500,000 equity shares against warrants; issued 321,682,91 bonus shares in 1:1 proportion.
1996
- Planned new energy efficient cement mill at Sankarnagar.
- Shipping Division faced falling freight rates.
1997
- Set up ICL Sugars Ltd sugar factory in Mandya, Karnataka.
- Group companies acquired 40% of Aruna Sugars Finance Ltd.
- Acquired CCI Yerraguntla unit.
- Floated Coromandel Electric Company Ltd for captive power plant.
- Acquired Raasi Cement.
- Commissioned 0.9 million tpa plant at Dalavoi in FY97.
1998
- Initiated merger process with Raasi Cement post-takeover.
- Launched premium brand Coromandel King Superior 53 Grade Cement.
1999
- Inked agreement with BOBL in November.
2000
- Entered marketing tie-up with Panyam Cement.
- Held talks with Blue Circle and Cemex for joint venture.
- Launched homztoday.com portal.
2001
- Planned to reduce manpower by around 700.
2002
- Decided to sell 39% equity in Sri Vishnu Cement and signed agreement with Zuari Cement Ltd.
- Entered agreement with Citibank N A.
- IDBI appointed Mr J Jayaraman as Director.
- Negotiated debt restructuring with institutions led by IDBI.
- Scrapped resolution for 11.5% preference dividend.
- Posted net loss of Rs 910.9 million.
- Filed corporate debt-revamp plan with financial institutions.
2003
- Co-opted Mr N D Pinge as Nominee Director replacing Mr N Biswas of ICICI Bank.
- Initiated debt restructuring under Corporate Debt Restructuring System including VRS and asset sales.
- Appointed Mr. M V Mohammad Meeran as Director.
2004
- Commissioned 17.4 MW gas-based captive power plant at Ramanathapuram via Coromandel Electric Co Ltd in November.
2005
- Issued 25,613,796 Global Depositary Shares raising Rs 497 crores in October.
2006
- Signed MOU with Government of Himachal Pradesh.
- Director Sri T Dulip Singh expired on 19th November.
- Issued US$ 75 Million unsecured Zero Coupon Convertible Bonds due 2011.
2007
- Co-opted Mr. Ashok Shah of LIC as Director.
- Co-opted Mr. K Subramanian of HUDCO as additional Director.
- High Court sanctioned amalgamation of Visaka Cement Industry Limited with India Cements Ltd on 25th July.
- Converted and commissioned Sankari plant from wet to dry process.
- Privately placed 20,789,000 equity shares via Qualified Institutional Placement in December.
2008
- Revived shipping business by purchasing two dry bulk carriers totalling 79,843 DWT.
- Successfully bid for Chennai Super Kings franchise in DLF-IPL 20/20 Cricket Tournament.
- Commenced commercial production of 1 million tonne grinding plant at Chennai.
2009
- Commenced commercial production of 1 million tonne grinding plant at Parli, Maharashtra.
- Subsidiary Trishul Concrete Products Limited commenced commercial production of 1 lakh Cu.M ready mix concrete plant at Hyderabad.
- II line of 1.2 MT at Malkapur commenced operations from March.
- Upgraded kiln I capacity to 3,000 TPD at Vishnupuram started functioning from April.
2010
- Shifted corporate office to Coromandel Towers in February.
- Privately placed 24,594,000 equity shares to Qualified Institutional Buyers in March.
- Chennai Super Kings won IPL III Trophy in April.
- Invested 99.99% in Coromandel Minerals Pte. Limited, Singapore, making it a subsidiary effective 1st June.
- Chilamakur plant upgraded to 4,500 tonnes per day started functioning from June.
- Chennai Super Kings won Champions League T20 tournament on 26th September.
2011
- Trinetra Cement Limited commenced commercial production of 1.5 million tonnes cement plant in Banswara, Rajasthan, in January.
- Received IS/ISO 9001:2008 Certification for Dalavoi Plant in February.
- Redeemed all outstanding US$ 75 Million Foreign Currency Convertible Bonds on 12th May.
- Chennai Super Kings won IPL IV Trophy on 28th May.
- Celebrated Birth Centenary of Sri. T. S. Narayanaswami on 11th November.
- Received IS/ISO 9001:2008 Certification for Sankari Plant in November.
2012
- Commissioned 48 MW Captive Power Plant at Sankarnagar in January.
- Received IS/ISO 9001:2008 Certification for Yerraguntla Plant in April.
- Acquired third bulk carrier of 52,489 DWT in August.
- Commemorative Postage Stamp released on Birth Centenary of Sri. T. S. Narayanaswami on 11th November.
2013
- First shipment of 41,960 metric tonnes of coal arrived from own mines in Indonesia.
- Appointed Mr. Basavaraju as Director.
- Recommended dividend of Rs. 2 per equity share.
- Appointed Mr. G M Yadwadkar as Nominee Director of IDBI Bank Limited.
2014
- Board approved scheme of amalgamation of Trinetra Cement Limited and Trishul Concrete Products Limited.
- Appointed Mr. Nagraj Garla as Nominee Director of IDBI Bank Limited.
2016
- Introduced new cement variant.
2017
- Amalgamation of Trinetra Cement Limited and Trishul Concrete Products Limited with India Cements Limited.
2022
- Completed acquisition of SMPL.
