India Cements to Sell Entire Stake in Industrial Chemicals and Monomers Ltd for ₹98 Crore
India Cements Limited has announced plans to sell its entire equity investment in Industrial Chemicals and Monomers Ltd (ICML) to Mirai Sensing Private Ltd for ₹98.00 crore. This divestment will result in ICML no longer being a subsidiary of India Cements. The transaction is expected to have a significant impact on India Cements' financial position, though the full extent and utilization of proceeds are yet to be disclosed.
22May 25
India Cements Boosts Production Capacity to 14.75 MTPA with Banswara Plant Upgrade
India Cements Ltd has completed a de-bottlenecking project at its Banswara Cement Works, increasing its total cement production capacity to 14.75 Million Tonnes Per Annum (MTPA). This expansion enhances the company's operational efficiency and strengthens its position in the competitive cement market. The move aligns with growing demand in India's construction and infrastructure sectors, potentially impacting the company's revenue and market share in the coming quarters.
28Apr 25
India Cements Reports Widening Q4 Net Loss Amid Revenue Decline
India Cements' net loss increased to 756.00 million rupees in Q4 FY2024, up from 293.30 million rupees in Q4 FY2023. Revenue declined by 3.86% to 11.97 billion rupees. EBITDA dropped 75.63% to 21.30 crore rupees, and the company swung to an operating loss of 2.20 crore rupees. The cement manufacturer faces challenges including revenue decline, profitability squeeze, and operational inefficiencies amidst difficult market conditions in the Indian cement industry.
26Apr 25
India Cements: Returns to Profit in Q4, Plans Subsidiary Merger
India Cements Limited reported a net profit of ₹14.68 crore in Q4 FY25, reversing previous year's loss. Revenue from operations slightly declined to ₹1,197.30 crore. The company narrowed its full-year loss and announced plans to merge four subsidiaries with the parent company. UltraTech Cement acquired a controlling stake in India Cements in December 2024.
18Mar 25
India Cements Divests Non-Core Assets: Coromandel Electric Company Ltd Sold for ₹36.27 Crore
India Cements Limited (ICL) has announced strategic divestments of non-core assets, including the sale of Coromandel Electric Company Limited for ₹36.27 crore. The company is also selling Coromandel Travels Limited, Raasi Cement Limited, and Unique Receivables Management Private Limited. These transactions are expected to be completed within six months. The divestments aim to streamline operations, focus on core cement business, and potentially improve ICL's financial position.