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History of Chettinad Cement Corporation Ltd., Company
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Union Budget 2017-18
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Chettinad Cement Corporation Ltd. Company History and Annual Growth Details

1962 - The Company was incorporated on 11th December, in Chennai. The
Company manufactures portland Cement.

- 8,50,000 No. of Equity shares subscribed for by directors, etc.
90,000 Pref. and 12,50,000 No. of Equity shares offered at par in
the public in April 1965.

- The Company executed mining lease deeds for mining limestone and
clay. The Government also issued orders regarding the mining of

1979 - The Company had taken up a Scheme for the improved working of the
quarry and factory which included installation of electrostatic
precipitable for the kilns, captive power plant, etc.

1983 - Towards the implementations of the first phase of the
modernisation scheme, a primary crusher with a capacity of 400
tonnes per hour alongwith necessary material handling equipment
was installed.

- In continuation of the first phase, it was planned to install a
dry process kiln with a capacity of 1,700 tonnes per day with
precalciner. The plant capacity would be increased to about
5.8 lakh tonnes per annum.

1988 - 21,00,000 Right Equity shares issued at par (prop. 1:1). Another
1,05,000 No. of equity shares offered at par to employees but
only 15,850 shares taken (rest were allowed to lapse).
Redemption date for 26,545 pref. shares extended to 25.06.1994 or
after and pref. div. raised to 14% from 25th June.

1992 - With the conservation of energy as main theme, the Company
undertook modernisation/expansion programme during the years

1993 - During the year, the company achieved capacity utiliation of 119%
despite unexpected heavy rains and lorry strike.

1994 - The Company commissioned 16 Nos. of Wind Power Generators to a
capacity of 4 MW under phase I. In addition, 26 Nos. of wind
power generators to a capacity of 5.85 MW were installed and
commissioned in March 1995 under phase II.

- The Company had also taken steps to install 12 Nos. of wind power
generators of 400 KW each to a capacity of 4.8 MW under phase III
which was to be commissioned before September 1995.

- The Company entered into a memorandum of agreement for the
acquisition of a bulk carrier of 43589 DWT in order to enter
shipping business. Necessary approvals from the concerned
authorities was obtained.

- The production was hampered by unexpected heavy rains and also
lorry strike. Nevertheless, the Company made a substantial
recovery in the last quarter of the Financial year.

- The Company has taken steps for installing 16 Nos. of 250KW each
Wind Power Generators for a total capacity of 4 M.W. near
Poolavadi in Coimbatore District.

1995 - 42,15,850 bonus shares issued in prop. 1:1.

- The company has been awarded ISO 9002 Certificate of
International Organisation for Standardisation by Bureau of
Indian Standards for the quality systems-model for quality
assurance in production and installation and reiterate with great
pride that the company is the first company in Tamilnadu to be
honoured with ISO 9002 Certificate in the field of mining.

- The Company has taken steps to install 12 Nos. of Wind Power
Generators of 400 KW each to a capacity of 4.8 MW in the same
location under Phase III. The proposed Wind Power Generators will
be commissioned before end of September with financial assistance
from IFCI.

- The Company has decided to diversify its activities by entering
into Shipping Sector. The Company has entered into a Memorandum
of Agreement for the acquisition of a Bulk Carrier of 43589 DWT.

1996 - The Company took up a modernisation programme, considering the
installation of Stacker-cum-Reclaimer, Earth moving equipment.
Primary crusher, construction of Silos, Vertical Roller mill for
cement grinding and packer.

- The Company has installed and commissioned 12 Nos. of 225 KW each
Wind Power Generators under phase IV in March, 96 with the
financial assistance from the Industrial Finance Corpn. of India
Ltd. Totally, 66 Nos. of Wind Power Generators for a capacity of
17.35 MW have been installed in four phases.

1997 - The cement production was significantly lower at 8.34 lakh tonnes
against 9.15 lakh tonnes in 1995-96 because of a slower offtake
in the closing months of the accounting period and the adverse
effect of the truckers strike in March.

- Chettinad Cements Ltd has planned to set up a new cement unit
with a capacity of 6 lakh tonnes near its existing unit. This
expansion will take the total capacity of the company to 1.2
million tonnes per annum.

1998 - The Rs.8 crore commercial paper programme of Chettinad Cement
Corporation has been assigned a P2+ rating by Crisil.

- The company is financially strong and rates amongst the best in
the industry on operating efficiency parameters.

- Chettinad Cement Corporation Ltd has recently installed and
commissioned a Onada & Kobes cement mill to improve the quality
of its cement.

- With the introduction of the new technology, the company has
recently launched 'Chettinad Royal' 53-grade cement which had
high strength and uniform particle distribution.

- It undertook a modernisation programme and staged a turnaround in
the early nineties, supported by a strong recovery in cement
prices in southern India.

1999 - The expansion involves setting up of an one million tonne
greenfield project at Palayam (a limestone belt) in Tamil Nadu
about 45 km from the company's existing plant.

- Chettinad Cement Corporation Ltd (CCC) has embarked upon a
expansion programme at its existing facility under which the
capacity would increase to 1.5 million tonnes per annum from the
current 0.6 million tonnes per annum.

- The Chennai-based Chettinad Cements Corporation Ltd (CCCL) is
doubling its cement capacity to two million tonnes.

- Chettinad Cement is one of the major players in the South.
Apart from cement, the company has interests in shipping too.

2000 - Chettinad Cement Corporation Ltd is coming out with a Rs 60-crore
rights issue to fund its one million tonne greenfield expansion
plan at Palayam in Dindigul district, Tamil Nadu.

- Chettinad Cement Corporation Ltd has priced its rights issue at
Rs 32 per share. The ratio for rights entitlement is 2:3.

- The Company has acquired 4,01,884 shares of the company by way of
inter-se-transfer among promoters.


-Tamil Nadu Electricity Board (TNEB) signs MoU with the Chettinad Cement Corporation Ltd. under which the board will ensure time-bound supply of quality power to the company

-High Court orders the state government, Sipcot and the commercial tax department to extend sales tax incentive to Chettinad Cement Corporation Ltd (CCCL)

-Commissioned its 1.1 million tonne greenfield expansion project in Tamil Nadu at a cost of Rs 325 crore

-Launches ready-mix concrete (RMC) under the brand, 'Ready Mix Chettinad'


-Approves the proposal to come up with a rights issue for raising about Rs 40 crore in the ratio of 2:5 at a price of Rs 36 each


-Board of directors ratify the proposed rights issue valued below Rs 40 crore to be used to part finance the 15-MW coal-based captive power plant that the company intends to put up

-Decides to revoke the Rights Issue


- Chettinad Cement Corporation Ltd has appointed M/s. V Soundararajan & Co., Chartered Accountants as Statutory Auditors of the Company.
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