The company is working with FLSmidth and Krupp Polysius to complete the refurbishment project, which is expected to take 15-18 months and cover all plants except for Sankari in Tamil Nadu and Banswara in Rajasthan. India Cements will fund the project by selling land and avoiding borrowing.
The company's Vice-Chairman & Managing Director, Mr. N Srinivasan, stated that the company will also focus on increasing volumes going forward. India Cements, along with other cement companies in the South, is facing challenges with low capacity utilization due to overcapacity in the region. The company's capacity utilization was 56% in Q3 of the current fiscal year.
The India Cements Limited is one of the largest producer of cement in India, established in 1946. The company has seven integrated cement plants located in the states of Tamil Nadu and Andhra Pradesh, as well as a grinding unit in the state of Maharashtra. The company produces a range of cement products, including Ordinary Portland Cement, Portland Pozzolana Cement, and Sankar Super Power Cement.
The India Cements is known for its high-quality products, innovation, and customer-focused approach. The company has a reputation for delivering consistently high-quality products, which have been certified by several national and international organizations, such as the Bureau of Indian Standards and the American Petroleum Institute. The company is also committed to sustainability and has implemented several initiatives to reduce its carbon footprint and improve energy efficiency.
In addition to its cement operations, the India Cements also has a significant presence in the Indian cricketing world, being the owners of the Chennai Super Kings, one of the most successful teams in the Indian Premier League. The company has also been involved in several social initiatives, including the construction of schools, hospitals, and other public infrastructure projects.
In recent years, the India Cements has faced several challenges, including increasing competition from other cement producers, fluctuations in raw material prices, and regulatory hurdles. However, the company has been able to overcome these challenges through its strong focus on operational efficiency, innovation, and customer satisfaction. The company has also invested heavily in new technologies and equipment, which have helped it to improve its production processes and reduce costs.
The India Cements is a leading player in the Indian cement industry, known for its high-quality products, innovation, and commitment to sustainability. Despite facing several challenges in recent years, the company has been able to maintain its position as one of the leading cement producers in the country, thanks to its strong focus on operational efficiency and customer satisfaction. With its commitment to continuous improvement and its focus on delivering value to its customers, The India Cements is well positioned for continued success in the future.
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