India Cements, as a part of their restructuring plan, is planning to merge with its subsidiary Trinetra Cement Ltd. The company also said that they were planning on selling large portions of land near their plants in Tamil Nadu and Andhra Pradesh, along with looking at real estate development. The merger of Trinetra Cement Ltd and Trishul Concrete Products with India Cements will bring operations under one company.
From a two plant company with the capacity of just 1.3 million tonnes in 1989, in the last two decades India Cements’ total capacity increased to 15.5 million tonnes per annum. It has seven integrated cement plants in Tamil Nadu and Andhra Pradesh, one in Rajasthan (through its subsidiary, Trinetra Cement Ltd) and two grinding units, one each in Tamil Nadu and Maharashtra.