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Madras Cements Ltd share price today (on 18 August 2017).

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BSE: 500260 | NSE: MADRASCEM | ISIN: INE331A01037 Market Cap: [Rs.Cr.] 4,370 | Face Value: [Rs.] 1 Industry: Cement - South India

Madras Cements (MCL), a flagship company of the Ramco group, is a major player in the blended cement category in south India. The company was incorporated in the year 1957. MCL is the sixth largest cement producer in the country and the second largest in South India. The Company undertook to replace the 4 cement mills at its Ramasamyraja Nagar Works, which were 20 years old, by a single new Combidan Cement Mill'. The mill was commissioned at end of the year 1985. A 132 KVA sub-station and the limestone crushing plant were installed during the same year. The project was commissioned during December of the year 1986. Two D.G. sets were installed in the middle of the year 1988 to meet 60% of the unit's power requirement at Jayanthipuram. The Company had set up the 4 MW windmill farm in the year 1992 at Muppandal, Kanyakumari district, Tamil Nadu. Asia's largest one to be commissioned in the Private sector was set up. All the 16 wind turbines of the company were commissioned in March of the year 1993.
In the same year 1993, an additional capacity was created by adding 8 Nos. wind turbines of 250 KW each at Muppandal wind mill farm taking the generation capacity to 6 MW. During the year 1994, MCL had upgraded the capacity of its Jayanthipuram Unit to 1.1 million tonnes and also upgraded the cement mills capacity in R. R. Nagar. The Company substantially increased the capacity of windmills by installation of 70 more windmills. In the year 1995, the company enhanced power generation capacity at Jayanthipuram unit to 15.3 MW by commissioning an additional diesel generator set to maintain normal production in view of frequent power-cut and power tripping. During the year 1997, MCL had commissioned its third cement plant in Alathiyur; it was the second in Tamil Nadu. The clinker plant of the Alathiyur unit was commissioned in March while the grinding unit was commissioned in May of the same year 1997. The Company had embarked into Ready Mix Concrete business in the year 1998.
Also in the same year, MCL made tie-up with Visakhapatnam Steel Plant (VSP) for procuring slag, a blast furnance residue and a crucial input for slag cement. MCL tied up with Gas Authority of India Ltd (GAIL) for supply of gas and the fuel supply agreement was inked in 15th April of the year 1999. Also tied up with Oil and Natural Gas Corporation (ONGC) for supply of 25,000 cu mtrs of gas per day from its Nallore well, near Mannargudi in Tamil Nadu. In the same year 1999, another one tie-up was made with Vizag Steel Plant for supply of slag. During the year 1999-00, the company's slag grinding project at Jayanthipuram for manufacture of blended cement was commissioned and also the capacity of the Alathiyur unit was expanded by 0.2 million TPA. During the year 2000, the company had launched the Ramco Super Steel cement in Tamil Nadu. The Company's second unit at Alathiyur with a capacity of 15 lac tonnes was commissioned in January of the year 2001.
The second klin at R.R Nagar was upgraded in May of the year 2001 with the installation of fixed inlet segment to the cooler, new calciner and modifying pre heater cyclone, thereby increasing the capacity of the unit to 11 lac TPA of blended cement. With the help of M.Tec, Germany, the company started new project Dry Motor Plant for manufacture of high technology construction products such as render, skimcoat and dry concrete and its production commenced from January of the year 2003 at Sriperumbudur. During 2004-05, The Company commissioned a 36 MW Thermal Power Plant at Alathiyur. The company, for the first time in India, commissioned a surface mine to modernise the mine operations at Ramasamyraja Nagar factory. The Company decided to establish grinding units in the states of Tamil Nadu, Andhra Pradesh and West Bengal in May of the year 2007. During October of the year 2007, MCL earmarked Rs. 1.05 billion investments for set up the grinding mill at Kolaghat in Midnapore, West Bengal. With an eye on diversification, MCL is planning to enter into industries such as sugar, pharmaceuticals, power & power equipments and textiles. As at March 2008, Madras Cements lines up Rs. 15 billion expansion. It will invest Rs. 15.24 billion to increase its capacity.

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