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India Cements: Difference between revisions
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| caption = | | caption = | ||
| foundation = 1946 | | foundation = 1946 | ||
| key_people = {{ubl|N Srinivasan<br />( | | key_people = {{ubl|[[N. Srinivasan]]<br />(Managing Director)|Rupa Gurunath<br />(Whole-time Director)}} | ||
| location = [[Chennai]], [[Tamil Nadu]], [[India]] | | location = [[Chennai]], [[Tamil Nadu]], [[India]] | ||
| revenue = {{profit}}{{INRConvert|52.28|b}} (03/2020) <ref>https://www.moneycontrol.com/india/stockpricequote/cement-major/indiacements/IC</ref> | | revenue = {{profit}}{{INRConvert|52.28|b}} (03/2020) <ref>https://www.moneycontrol.com/india/stockpricequote/cement-major/indiacements/IC</ref> | ||
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It was established in 1946 by [[S. N. N. Sankaralinga Iyer]] and the first plant was set up at [[Thalaiyuthu]] in [[Tamil Nadu]] in 1949. It has 7 integrated cement plants in Tamil Nadu, Telangana and [[Andhra Pradesh]], one in Rajasthan (through its subsidiary, Trinetra Cement Ltd) and two grinding units, one each in Tamil Nadu and Maharashtra with a capacity of 15.5 million tonnes per annum. '''Sankar Cement''', '''Coramandel Cement''' and '''Raasi Gold''' are the brands owned by India Cements. | It was established in 1946 by [[S. N. N. Sankaralinga Iyer]] and the first plant was set up at [[Thalaiyuthu]] in [[Tamil Nadu]] in 1949. It has 7 integrated cement plants in Tamil Nadu, Telangana and [[Andhra Pradesh]], one in Rajasthan (through its subsidiary, Trinetra Cement Ltd) and two grinding units, one each in Tamil Nadu and Maharashtra with a capacity of 15.5 million tonnes per annum. '''Sankar Cement''', '''Coramandel Cement''' and '''Raasi Gold''' are the brands owned by India Cements. | ||
India Cements owned the [[Indian Premier League]] franchise [[Chennai Super Kings]] from 2008 to 2014.<ref>{{cite web|title=Big business and Bollywood grab stakes in IPL|url=http://www.espncricinfo.com/ipl/content/story/333193.html|publisher=ESPNcricinfo|access-date=6 June 2013}}</ref> It was transferred to a separate entity named Chennai Super Kings Cricket Ltd., after the [[Supreme Court of India]] struck down the controversial amendment to the [[Board of Control for Cricket in India|BCCI]] constitution's clause 6.2.4 that allowed board officials to have a commercial interest in the IPL and the Champions League T20 on January 22, 2015.<ref>{{cite web|url=http://www.espncricinfo.com/india/content/story/829981.html|title=Supreme court struck down controversial amendment|publisher=Espncricinfo|access-date=14 February 2015}}</ref> India Cements is also alleged to have made controversial investments in Jagati Publications and Bharati Cements owned by [[Y. S. Jaganmohan Reddy]].<ref>{{cite web |url= http://zeenews.india.com/news/andhra-pradesh/jagan-reddy-to-move-sc-in-assets-case_726424.html|title=Jagan Reddy to move SC in assets case|date=16 August 2011 |publisher=Zeenews Bureau |access-date=17 August 2011}}</ref> | India Cements owned the [[Indian Premier League]] franchise [[Chennai Super Kings]] from 2008 to 2014.<ref>{{cite web|title=Big business and Bollywood grab stakes in IPL|url=http://www.espncricinfo.com/ipl/content/story/333193.html|publisher=ESPNcricinfo|access-date=6 June 2013}}</ref> It was transferred to a separate entity named Chennai Super Kings Cricket Ltd., after the [[Supreme Court of India]] struck down the controversial amendment to the [[Board of Control for Cricket in India|BCCI]] constitution's clause 6.2.4 that allowed board officials to have a commercial interest in the IPL and the Champions League T20 on January 22, 2015.<ref>{{cite web|url=http://www.espncricinfo.com/india/content/story/829981.html|title=Supreme court struck down controversial amendment|publisher=Espncricinfo|access-date=14 February 2015}}</ref> India Cements is also alleged to have made controversial investments in Jagati Publications and [[Bharati Cements]] owned by [[Y. S. Jaganmohan Reddy]].<ref>{{cite web |url= http://zeenews.india.com/news/andhra-pradesh/jagan-reddy-to-move-sc-in-assets-case_726424.html|title=Jagan Reddy to move SC in assets case|date=16 August 2011 |publisher=Zeenews Bureau |access-date=17 August 2011}}</ref> | ||
==References== | ==References== | ||
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[[Category:Cement companies of India]] | [[Category:Cement companies of India]] | ||
[[Category:Manufacturing companies based in Chennai]] | [[Category:Manufacturing companies based in Chennai]] | ||
[[Category:Companies listed on the National Stock Exchange of India]] | |||
[[Category:Companies listed on the Bombay Stock Exchange]] | |||
{{India-company-stub}} | {{India-company-stub}} | ||