As we very well know that cement help us to improve our housing, transportation, industries and general basic necessities in our day to day life. The cement companies in India started in 1914 with the Indian Cement Company Ltd. which is manufacturing only cement at Porbundar in Gujarat. But recently, India’s cement statutes have been loosened and reformed, allowing the industry to grow in terms of both production and technology.
Cement Industry permits nations around the world to enhance housing, transportation, industry, and general modernization. The cement business in India started in 1914 with the Indian Cement Company Ltd. manufacturing cement at Porbundar in Gujarat. Quickly the demand for cement production, leading to governmental control of cement price and distribution. India’s cement industry have been loosened and reformed, permitting the business to develop in terms of both manufacturing and technology. The cement business in India is covering by the 20 cement companies, which account for almost 70% of the total cement production in India. In the current year, cement companies in India have produced more than 10 MT cement during April-September 2010. It took the total cement manufacturing in FY10 to 231 MT.
Cement companies in India, plays a significant role in the development of the nation. Cement companies in India was under full control and supervision of the Indian government. Nevertheless, it received relief at a big extent after the financial reform. However government interference, particularly in the pricing, remains to be evident in India. Despite being the second largest cement producer in the world, India falls in the listing of lowest per capita consumption of cement with 125 kg. The reason behind that is the poor rural individuals who mostly live in mud huts and can’t afford to have the commodity. Regardless of the actual fact, the demand and supply of cement in India has grown up because of real estate industry. In a quick growing economy like India, there is all the time massive chance of growth of cement industry.
Top 10 Cement Companies in India
List of top 10 cement companies in India as per market capitalisation just mention below:-
- Shree Cement
- Gujarat Ambuja Cement Limited
- Ramco Cements
- Prism Cement
- Dalmia Cement
- JK Laxmi Cement
- Orient Cement
- Jaypee Cement
- Birla Corp
- Grasim Industries and Ultratech