India Cements gets nod for scheme of amalgamation

India Cements’ board of directors at the meeting held on February 26, 2014 approved a scheme of amalgamation of Trinetra Cement, a listed company and Trishul Concrete Products, an unlisted company, both the companies being the subsidiaries, with the company.

India Cements is largest manufacturer of cement in South India. India Cements owns 28% of the market share and is leader in south India. The cement manufacturer aims 35% market share. It has distribution network of 10,000 stockists.  India Cements has capacity to produces 9 million tonnes cement per annum.