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History of Andhra Cements Ltd.

Andhra Cement was incorporated on 9th December 1936 under the Indian Companies Act, 1913. The first unit with a capacity of 100 tonnes per day was commissioned at Vijayawada in 1940. The capacity was extended in three stages in 1951,1958 & 1970. By 1970, the total capacity of factory reached 2.4 lakh tonnes of cement per annum. The Comp. manufactures cement. It markets the products under the trade name 'Durga Brand'. During 1989-90 there was a sharp decline in Clinker & Cement production due to erratic & inadequate supply of coal, paucity of working capital, continuous power cut etc. During same year [1989-90s], the Comp. came under the provisions of Sick Industrial Companies Act, 1985. During 1990-91, production increased significantly by 72% despite shortage of fuel, power cuts & severe paucity of funds.

2004

-Delist from The Delhi Stock Exchange Association Ltd [DSEs] with effect from December 11, 2004.

2008

-Andhra Cements Ltd has re-appointed Mr. K N Bhandari as 'Independent Director' of Comp. w.e.f. August 21, 2007.