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The India Cements Limited is a cement manufacturing company based in Chennai. It is the 9th largest listed cement company in India by revenue. [ 2 ] The company is headed by former International Cricket Council chairman and Board of Control for Cricket in India president N. Srinivasan .
With a view to extend its vista in the area of higher education, ICL established a society by name The India Cements Educational Society (Regd.) in 1994. To begin with, the agency promoted this self-financed co-educational college of arts and science in memory of the founder of ICL, Shri T S Narayanaswami, during the academic year 1996–97.
Pages in category "India Cements" The following 4 pages are in this category, out of 4 total. This list may not reflect recent changes. C. Chennai Super Kings Cricket; G.
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The company is the only cement company to get Superbrand status in India. [ 6 ] On 14 April 2022, Holcim announced that it would exit from the Indian market after 17 years of operations as part of a strategy to focus on core markets and listed its stakes in ACC and Ambuja Cements for sale.
Srinivasan took over as vice-chairman and managing director of India Cements in 1989. He made a hostile attempt to takeover Andhra Pradesh based Raasi Cements in 90's and merged it with India Cements. The Rs 380-crore deal was one of the biggest ever acquisitions in Indian corporate history, and the first successful hostile takeover.
The Dalmia-Jain Group challenged ACC's monopoly in the Indian cement industry by setting up cement factories all over India (including present-day Pakistan). It also ventured into other businesses; its subsidiaries included Bharat Bank, Bharat Fire and General Insurance, Lahore Electric, Govan group of companies, two cotton mills, a dairy, and ...
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