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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 .
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.
This page was last edited on 10 November 2022, at 22:44 (UTC).; Text is available under the Creative Commons Attribution-ShareAlike 4.0 License; additional terms may apply.
This page was last edited on 24 September 2020, at 19:12 (UTC).; Text is available under the Creative Commons Attribution-ShareAlike 4.0 License; additional terms may apply.
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.
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 ...
JSW MG Motor India, on 30 November 2023, China's SAIC Motor and the JSW Group formed a strategic joint venture, resulting in the latter gaining a 35% stake in MG Motor India through this partnership. [ 59 ] [ 60 ] In February 2024, the group inked a MoU with the Government of Odisha for a ₹ 40,000 crore (US$4.6 billion) Integrated EV and EV ...
Cement Corporation of India Limited (CCI) is the only cement manufacturing Public Sector Undertaking of Government of India.The company was incorporated as a wholly government-owned corporation on 18 January 1965, with the objective of setting up cement units in public sector to help achieve self-sufficiency in cement production in the country.