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.
Edited from various sources by Katherine Guenioui
Read the article online at: https://www.worldcement.com/asia-pacific-rim/30032015/trinetra-cement-passes-amalgamation-with-india-cements-603/