India Cements

{{Short description|Indian cement manufacturing company}}

{{Use Indian English|date=February 2017}}

{{Use dmy dates|date=July 2022}}

{{Infobox company

| name = The India Cements Limited

| logo = India Cements logo.png

| type = Public

| traded_as = {{BSE|530005}}
{{NSE|INDIACEM}}

| caption =

| foundation = {{start date and age|1946}}

| location = Chennai, Tamil Nadu, India

| revenue = {{profit}}{{INRConvert|4510|c}} (FY2021){{Cite web|url=https://www.zeebiz.com/companies/news-india-cements-q4-result-company-posts-rs-4397-crore-net-profit-approves-dividend-of-rs-1-for-fy-21-157219|title = India Cements Q4 result: Company posts Rs 43.97 crore net profit, approves dividend of Rs 1 for FY 21| date=24 May 2021 }}

| net_income = {{profit}} {{INRConvert|208|c}} (FY2021)

| assets = {{INRConvert|11670|c}} (2020)

| Parent = UltraTech Cement Limited

| num_employees = 3000

| industry = Construction

| products = Cement

| homepage = {{url|www.indiacements.co.in}}

}}

The India Cements Limited is a cement manufacturing company based in Chennai. It is the 9th largest listed cement company in India by revenue.{{cite web | url=https://www.moneycontrol.com/stocks/marketinfo/netsales/bse/cement.html | title=Top Cement Companies in India, Top Cement Stocks in India by Net Sales, List of Top Cement Stocks in India {2023} - BSE }} The company was headed by former International Cricket Council chairman and Board of Control for Cricket in India president N. Srinivasan.

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 seven 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 15.6 million tonnes per annum. Sankar Cement, Coramandel Cement and Raasi Gold are the brands owned by India Cements.

India Cements directly owned the Indian Premier League franchise Chennai Super Kings from 2008.{{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}} It then transferred ownership to a separate entity named Chennai Super Kings Cricket Ltd., after the Supreme Court of India struck down the controversial amendment to the BCCI constitution's clause 6.2.4 that had allowed board officials to have commercial interests in the IPL and the Champions League T20 on 22 January 2015.{{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}} India Cements is also alleged to have made controversial investments in Jagati Publications and Bharati Cements owned by Y. S. Jaganmohan Reddy.{{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}}

In July 2024, UltraTech Cement acquired a majority stake in India cements.{{cite news |url= https://timesofindia.indiatimes.com/business/india-business/ultratech-cement-to-acquire-majority-stake-in-india-cements/articleshow/112086051.cms|title=UltraTech Cement to acquire majority stake in India Cements|newspaper=The Times of India |date=28 Jul 2024}} However, there will be no change in ownership of Chennai Super Kings as it has been functioning as an independent entity. {{cite web|url=https://www.business-standard.com/cricket/news/ultratech-india-cement-deal-no-impact-on-chennai-super-kings-ownership-124072900542_1.html|title=UltraTech-India Cement deal: No impact on Chennai Super Kings ownership|date=29 Jul 2024}}