About Coromandel KING Cement in OPP.NEW BUS STAND,DEVKIRTI COMPLEX,3 FLOOR, Morbi

The year was 1946. The Second World War was over and political freedom was round the corner. It was then The India Cements Ltd. began its humble moorings in the form of a cement factory at Talaiyuthu, an almost unmapped tiny hamlet in Tirunelveli district, Tamil Nadu. As one of the oldest Indian corporates, established in 1946, the company set up its first plant in 1949 at Sankarnagar (Talaiyuthu).

COROMANDEL KING
Coromandel is a brand with rationale value offering reassurance for the strength and durability of cement and provides value for money. A brand most popular in all metros. Trusted by all, it's a favourite brand of Engineers & Architects.

VISION

To create value on a sustained basis for all stakeholders of India Cements through lofty standards of transparency, accountability and responsibility, innovation and leadership in cement manufacture.

MISSION

India Cements will strive to remain a leader in the manufacture of cement and establish itself as a preferred supplier of products and services to its clients and enhance the brand value for all stakeholders.

As the organisation grows, as a responsible corporate citizen, India Cements shall be sensitive to the welfare and development needs of the society around it.

Milestones
♦1946 Incorporation of The India Cements Limited.

♦1949 – Commissioning of first Cement plant at Sankarnagar–Installed capacity 1 lac tonnes per annum.

♦1963 – Commissioning of second Cement plant at Sankaridrug–Installed capacity 2 lac tonnes per annum.

♦1969 – Capacity expansion at Sankarnagar touches 9 lac tonnes per annum. Awarded Merit Certification for Outstanding Export Performance (1968–1969).

♦1971 – Capacity Expansion at Sankari Durg to 6.00 Lakh tonnes per annum.

♦1990 – Acquisition of Coromandel Cement plant at Cuddapah–Installed Capacity rises to 2.6 million tonnes per annum. The India Cements Ltd. becomes the largest producer of Cement in South India. Conversion of Sankarnagar Plant to Dry Process with the increased capacity of 1.00 million tonnes per annum.

♦1991 – India Cements ventures into Shipping. Sets up a Shipping Division.

♦1994 – ISO 9002 Certification for Sankarnagar plant. Floats successfully US$ 50 million GDR issue.

♦1995 – Announces issue of 1:1 Bonus shares.

♦1996 – India Cements' green field cement plant at Dalavoi commences commercial production. Installed capacity 0.9 million tonnes per annum.

♦1997 – India cements acquires Aruna Sugars Finance Ltd.Renamed as India Cements Capital & Finance. India Cements acquires Cement Plant of Visaka Cement Industry, at Tandur, Ranga Reddy district of Andhra Pradesh. Installed capacity 0.9 Million Tonnes.

♦1998 – India Cements acquires Cement Corporation of India's Yerraguntla Cement Plant at Andhra Pradesh. Installed capacity 0.4 Million Tonnes. India cements acquires Raasi Cement Ltd., at Nalgonda District of Andhra Pradesh.Installed capacity 1.8 million tonnes.

♦1999 – India Cements acquires Cement Plant of Shri Vishnu Cement Ltd., at Nalgonda District of Andhra Pradesh. Installed capacity 1.0 Million Tonnes. Turnover sails over the Rs. 1000 crore mark.

♦2001 – India Cements divests its stake in Sri Vishnu Cement Limited. Group's overall capacity reaches 9 million tonnes.

♦2004 – The Unique Waste Heat Recovery System for generation of power from waste gas at Vishnupuram Cement Plant was commissioned during November 2004, for a capacity of 7.7 MW of power. The company through its Special Purpose vehicle M/s Coromandel Electric Co Ltd has commissioned a (gas based) captive power plant at Ramanathapuram for a capacity of 17.4 MW and the same has started supplying power from the month of November 2004.

♦2005 – The Company has successfully completed an equity issue in the international market during October 2005 by issuing 25,613,796 Global Depositary Shares (GDSs) at USD 4.3226 per GDS, (each GDS representing 2 underlying equity shares of Rs 10 each) and raised an amount of Rs 497 crores including a premium of Rs 446 crores.

♦2006 – The Company has issued unsecured Zero Coupon Convertible Bonds due 2011 (FCCBs) for US $75 Million to investors outside India at an initial conversion price of Rs.305.57 per share.

♦2007 – The Hon'ble High Court of Judicature at Madras vide its order dated 25th July 2007 sanctioned the Scheme of amalgamation of Visaka Cement Industry Limited with The India Cements. The Company has converted the Sankari plant from wet process to dry process and commissioned the plant. The Company has privately placed 2,07,89,000 equity shares at a price of Rs.285/– per share (including premium of Rs.275/– per share) by way of Qualified Institutional Placement in December 2007.

♦2008 – The Company has revived its shipping business with the purchase of two ships (dry bulk carriers) with a total capacity of 79843 DWT. The Company has successfully bid for the Chennai franchise of the DLF–IPL 20/20 Cricket Tournament – ?óÔé¼?ôChennai Super Kings?óÔé¼?Ø. The Company has completed and commenced commercial production of one million tonne grinding plant at Chennai.

♦2009 – The Company has completed and commenced commercial production of one million tonne grinding plant at Parli (Maharashtra). The Company?óÔé¼Ôäós subsidiary, namely, Trishul Concrete Products has completed and commenced commercial production of one lakh Cu.M ready mix concrete Plant at Hyderabad (Andhra Pradesh). The II line of 1.2 MT at Malkapur was commenced operations from March 2009. The upgraded capacity of kiln I to 3000 TPD (1700 TPD) at Vishnupuram started functioning from April 2009.

♦2010 – ICL Financial Services Limited (ICLFSL), the Company?óÔé¼Ôäós wholly owned subsidiary, acquired 60.89% (including shares acquired under open offer) of equity share capital of Indo Zinc Limited (IZL). Consequently, IZL became a subsidiary of ICLFSL and ultimate subsidiary of the Company in January, 2010. The Corporate office of the company was shifted in February, 2010 to its own building ?óÔé¼?ôCoromandel Towers?óÔé¼?Ø at 93, Santhome High Road, Karpagam Avenue, MRC Nagar, Chennai 600 028. The Company privately placed in March, 2010 2,45,94,000 equity shares at a price of Rs.120.20 per share (including premium of Rs.110.20 per share) to Qualified Institutional Buyers. The Company?