Hemadri Cements Ltd (502133)

Hemadri Cements Limited one of the leads in the Cement Manufacture industry was incorporated as a Public Limited Company on 20th April 1981. The Company is engaged in the production and sale of Cement. Promoted by S N Kilaru a minicement plant having capacity 200 tpd was set up at Vedari Andhra Pradesh. Both Hemadri 43 Grade and Hemadri Gold 53 Grade O.P.C are manufactured using Vedadri Lime Stone renowned to be one of the best lime stones available in the country. The result is cement which has a high compressive strength consistency and chemical characteristics for superior to any other brand available in the market. Another factor responsible of enchancing the quality of Hemadri Cement is the use of good grade coal in buring the calcareous and argillaceous raw materials used in its manufacture.The plant was commissioned in March 1985. The Company started commercial production in Mar.85 and within three years increased its capacity to 300 tpd and further to 550 tpd in 1992 using DDF Technology from Nihon Cement Company Japan. Due to the downward trend and sluggish cement prices the company accumulated a book loss of Rs 4.65 cr as on 31 Mar.94 comprising depreciation only. But as cement prices started rising the company began earning profit from Apr.94. In Mar.95 it offered equity shares on a rights basis to expand its capacity from 99000 tpa to 198000 tpa at the lowest capital investment per tonne of installed capacity. The company has also implemented an energy conservation scheme which will substantially reduce the cost of production. During the year 199798 the company became a sick company due to the erosion of its entire networth accordingly it was referred to the BIFR.Company commenced commercial production of Cement from the month of June 2006. It undertook Mahistikry Project in West Bengal for the manufacture of carbon black with an annual capacity of 50000 MT and 12 MW capacity captive power plant based on waste heat gas through forward integration. It achieved a milestone by reaching the mark of 2.5 lakh tones of cement production in 201112..

Share Price: ₹96.80 per share as on 24 Jul, 2024 04:01 PM
Market Capitalisation: ₹61.35Cr as of today
Listing date: 01 Jan, 0001