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Madras Cements Ltd is the flag ship company of Ramco Group, a well known business
group of South India. It is based at Chennai. The main product of the company is
Portland Cement manufactured through the four advanced production facilities spread
over South India.
Madras Cement Ltd is a leading cement manufacturing unit of South India. The company
has implemented many advanced methods and technologies to produce cements of
superior quality. It mainly exports its product to Iran and Sri Lanka. The company is a
flagship unit of the Ramco Group in Chennai, which is a well-known business group of
South India.
Madras Cement refers to the ‘Madras Cement Ltd’ company. The company manufactures
various types of cements. These include dry mortar mix, blended cement and ready-mix
concrete. Besides producing good quality cements, the company is also engaged in
generating powers from windmills.
Madras Cement Ltd is the pioneer cement manufacturing company in South India. It also
contributes towards the economic growth of the city to a great extent. Mumbai Stock
Exchange has also listed Madras Cement as an important organization. The company is
the first to introduce a number of latest technologies to manufacture cements in South
India. Some of these technologies include:
Pre-calciner technology
Surface mining technology
Advanced X-Ray technology for quality control
- 480-6.25% Pref. and 295 No. of equity shares issued without payment in cash. Arrears:
Rs 63,428.
1967
- The Company issued 50,000 right equity shares at par in prop/1:1 (Equity pref.) and
20,000 right redeemable pref. shares 2:5 (equity pref.) during 1962-63. Arrears: Rs
34,940.
1973
- Authorised capital reclassified. In June, 30,000 pref. and 1,40,000 No. of equity shares
issued at par as rights in prop. 14 No. of equity and 3 pref. to every 10 equity and/or 9.5%
irredeemable pref. shares. Only 11,500 pref. and 51,000 No. of equity shares taken up.
The balance 18,500 and 89,000 No. of equity shares offered to the public in October.
Arrears: Rs 9,57,480.
1978
- Division on all pref. shares raised to 11% during 1975-76. 28,000 No. of equity shares
issued during the year. Arrears: Rs 7,49,468.
1982
- 44,375 No. of equity shares issued at par and allotted to financial institutions upon part
conversion of their loans during 1982-83. Arrears: Rs 32,000.
1985
- 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 towards the end of the year.
- A 132 KVA sub-station and the limestone crushing plant were installed. The project was
commissioned during December 1986.
1986
- 12,00,000-15% secured non-convertible debentures of Rs 100 each were issued at par as
rights in the proportion four debentures for every equity share held. The debentures
would be redeemed at a premium of Rs 5 per share on the expiry of 7 years from the date
of allotment or in three equal instalments of Rs 35 each at the end of the 7th, 8th and 9th
year from the date of allotment. The Company allotted additional 1,93,742 debentures to
retain over subscription.
1988
- Two D.G. sets were installed in the middle of the year to meet 60% of the unit's power
requirement at Jayanthipuram.
1990
- The Company decided to expand the capacity of Tamilnadu factory by one lakh tonnes
per annum considering the growing demand for cement in Southern States and the
potential for exports to Srilanka and Maldives.
1992
- Power generated is supplied to Tamil Nadu Power Grid and the credit for the same is
allowed by Tamil Nadu Electricity Board against their bills for Company's power
consumption.
- 10,000-15% Pref. shares redeemed on 31.3.1993, 3,02,068 bonus equity shares issued in
prop. 1:1. Allotment of 307 bonus shares with held in accordance with law.
1993
- The Company proposed to set up a new Cement factory in Tamilnadu with an annual
capacity of 6,00,000 tonnes and also a Cement Grinding unit in Sri Lanka with an annual
capacity of 5,50,000 tonnes. Also proposed to set up a Cement Grinding unit at
Vishakapatnam, Andhra Pradesh to grind both Ordinary portland and portland slag
Cement.
- 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.
1994
- The Company upgraded the capacity of the Jayanthipuram Unit to 1.1 million tonnes
and also upgraded the Cement mills capacity in R. R. Nagar and Jayanthipuram units.
- The Company proposed to increase the capacity of Cement project in Tamilnadu from
6,00,000 tonnes per annum to 9,00,000 tonnes per annum.
- 5,92,116 bonus equity shares allotted in ratio of 1:1. 12,879 bonus shares remain
unallotted pending completion of required formalities. Preference shares redeemed during
the year.
1995
- A new composite cement unit with a capacity of 5 lakh tonnes per annum is proposed to
be set up at R. R. Nayar.
- 27 more wind mills with a total additional installed capacity of 10.5 MW were set up at
Poolaradi in Tamil Nadu.
1996
1997
- 149 shares allotted pursuant to a contract without payment being received in cash.
- Madras Cements has satisfactorily commissioned its third cement plant in Alathiyur, the
second in Tamil Nadu.
- The Company's Jayantipuram unit lost almost a month's production due to breakdown
of the raw mill.
- The clinker plant of the Alathiyur unit was commissioned in March while the grinding
unit was commissioned in May.
- Crisil had assigned a `P1+' rating to the Rs.56 crore commercial paper issue of Madras
Cements Ltd. A `P1+' rating has been assigned to the commercial paper issue of Madras
Cements Ltd, indicating that the degree of safety regarding timely payment on the
instrument is very strong.
1998
- The company has tied up with Visakhapatnam Steel Plant (VSP) for procuring slag, a
blast furnance residue and a crucial input for slag cement.
- Madras Cement's Rs 360 million non convertible debenture issue has been downgraded
from AA+ (double a plus) to AA (double A). The rating of the fixed programme has been
downgraded from FAAA (F triple A) to FAA+ (F double A plus). The Rs 560 million
commercial paper programme has been reaffirmed at P1+ (P one plus).
1999
- ACC came out with two brands on blended cement - `ACC Suraksha' and `ACC Super'.
These brands will have a national presence and will substitute the company's regional
brands in the long run.
- Madras Cements is one of the largest cement companies in South India with three
manufacturing facilities (two in Tamil Nadu and one in Andhra Pradesh).
- The company has increased its capacity from 1.8 million tonnes to 2.75 million tonnes.
- Madras Cements Ltd and a Murugappa group company Southern Energy Development
Corporation Ltd (SEDCO) could become first players in the private sector to set up a gas-
based captive power plant (CPP) in Tamil Nadu.
- Madras Cement has tied up with Gas Authority of India Ltd (GAIL) for supply of gas
and the fuel supply agreement was inked on April 15, 1999.
- The company has 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.
- MCL would install 27 Very Small Aperture Terminals (VSATs). MCL is also installing a
Business Process Re-engineering (BPR) package along with the ERP package.
- Madras Cement has tied up with Vizag Steel Plant for supply of slag. It is also setting up
a gas-based captive power plant in Tamil Nadu in a bid to reduce its power cost. An
agreement has been entered into with GAIL for supply of 80,000 cu mtrs of gas per day.
2000
- The Company has launched the Ramco Super Steel cement in Tamil Nadu.
- The Company has scaled up the Capacity of its proposed gas based captive power plant
at Mayavaram, Tamil Nadu to 30 mw from 15 mw.
2003
-Madras Cements members approve stock split of the existing equity shares of Rs 100/-
to 10 shares of Rs 10/- each.
2004
-Madras Cements Ltd. has informed that Shri. T.K. Thirumalaiappa Mudaliar passed
away on January 3, 2004.
2007
-Madras Cements Ltd has informed that Government of Tamil Nadu has appointed Shri.
Rajeev Ranjan, I.A.S., Industries Commissioner and Director of Industries and
Commerce as their Nominee Director on the Company's Board with effect from August
22, 2007 in the place of Shri. M Raman, I.A.S.
2008
- The Company has splits its face value from Rs10/- to Rs1/-.