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Trinetra Cement passes amalgamation with India Cements

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World Cement,

India Cements is to bring the operations of subsidiaries Trinetra Cement Ltd and Trishul Concrete Products Ltd under its own banner following a majority vote by Trinetra Cement shareholders at a court-convened meeting last week. With the amalgamation of the companies, India Cements’ production capacity will increase to 15.8 million t of cement.

India Cements has eight integrated cement plants and two grinding plants, located in Tamil Nadu, Andhra Pradesh, Rajasthan and Maharashtra. It holds a 61.22% stake in Trinetra and an 88.4% share in Trishul through its wholly-owned subsidiaries.

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