Background
The proposed deal, which was first announced in 2019, has been under scrutiny for several years. The CCI had initially blocked the deal in 2020, citing concerns over the concentration of market power in the cement industry.
The company’s first product was a type of cement called “Sankar Cement” which was a blend of Portland cement and fly ash.
Early Years and Expansion
India Cements Limited has a rich history spanning over 75 years. The company’s early years were marked by rapid expansion and growth. In the 1950s, the company established its first cement plant in the state of Kerala.
To address these challenges, India Cements has implemented various strategies to improve its operational efficiency and profitability.
Strategies for Operational Efficiency**
Investment in Technology**
India Cements has invested heavily in technology to enhance its operational efficiency. The company has implemented advanced manufacturing systems, such as computerized manufacturing systems and automation technologies, to streamline its production processes. Examples of these investments include:
- The implementation of a computerized manufacturing system at its Tiruchirappalli plant, which has resulted in a 20% increase in production capacity. The introduction of automation technologies at its Visakhapatnam plant, which has reduced energy consumption by 15%. * These investments have enabled India Cements to improve its production capacity, reduce energy consumption, and increase its overall efficiency. ### Process Optimization**
- UltraTech Cement acquired a 72 per cent stake in India Cements Ltd (ICL) from promoters and their associates.
Process Optimization**
India Cements has also implemented various process optimization strategies to improve its operational efficiency.
UltraTech Cement makes significant move to strengthen its position in Indian cement industry.
This strategic move is aimed at strengthening the company’s position in the Indian cement industry.
Strategic Acquisition
The acquisition is a significant development in the Indian cement industry, marking a major milestone in UltraTech Cement’s expansion strategy. The company has been focusing on increasing its market share and presence in the country.