Top 10 Cement Companies in India for 2024
In India, the construction industry plays a major role in the country’s development, and cement is a fundamental building material. The sector accounts for about 67% of the total consumption in India. In the last few years, several cement companies have established themselves as leaders in the market. They have created trust among Indian consumers for their quality products and innovative solutions.
In this article, we have listed India’s top cement companies based on their market capitalisations derived from respective stocks trading on the NSE as of December 26, 2023.
Find below a glance at the top 10 cement companies in India:
| Company | Founded | Headquarters | Market Cap in Lakh Crores(Approx.) |
|---|---|---|---|
| Ultra Tech Cement | 2004 | Mumbai, Maharashtra | 2.89 |
| Shree Cements | 1979 | Kolkata, Karnataka | 1.03 |
| Ambuja Cements | 1983 | Mumbai, Maharashtra | 1.00 |
| Dalmia Bharat | 1939 | New Delhi | 0.41 |
| ACC | 1936 | Mumbai, Maharashtra | 0.39 |
| J.K. Cement | 1986 | Kanpur, Uttar Pradesh | 0.29 |
| Ramco Cements | 1957 | Chennai, Tamilnadu | 0.23 |
| Nuvoco Vistas | 1999 | Mumbai, Maharashtra | 0.13 |
| JK Lakshmi Cement | 1982 | New Delhi | 0.10 |
| India Cements | 1946 | Chennai, Tamil Nadu | 0.08 |
Table of Contents
10 Cement Companies in India
1. UltraTech Cement
UltraTech Cement, part of the Aditya Birla Group, has etched a remarkable journey in the Indian cement industry. The company’s foundation was laid as L&T Cement. In 2004, Grasim Industries, part of the Aditya Birla Group, acquired L&T Cement, marking the beginning of UltraTech Cement. UltraTech is the largest manufacturer of grey cement, ready-mix concrete and white cement in India
At present, UltraTech has 11 integrated plants, one white cement plant, one clinkerization plant, 15 grinding units, two rails, three coastal terminals, and 101 ready-mix concrete (RMC) plants. Additionally, UltraTech company is the largest clinker exporter in India. UltraTech offers a wide array of cement products, including Ordinary Portland Cement (OPC), Portland Pozzolana Cement (PPC), and ready-mix concrete.
- Establishment: 2004
- Headquarters: Mumbai
- Market Cap (Approx.): Rs. 2.89 Lakh Crores
- Website: https://www.ultratechcement.com/
Read: How To Start A Cement Distribution Business
2. Shree Cement
Shree Cements is a trusted brand in India, mainly in the northern and eastern parts of the country. The company was founded by B.G. Bangur in Beawar, Rajasthan. Shree Cement commenced its first production unit with a capacity of 0.6 million tonnes per annum (MTPA). In 20121, the company’s total cement production capacity exceeded 50 MTPA, with additional plans for expansion in the pipeline.
Currently, the company has manufacturing operations in North and Eastern India across six states. Shree Cement offers a range of cement products, including Ordinary Portland Cement (OPC), Portland Pozzolana Cement (PPC), and Ready Mix Concrete (RMC).
- Establishment: 1979
- Headquarters: Kolkata
- Market Cap (Approx.): Rs. 1.03 Lakh Crores
- Website: http://shreecement.in/
3. Ambuja Cements
Ambuja Cements is one of the most popular brands in western India. The company was formerly known as Gujarat Ambuja Cement Limited. The company was established in the 1980s. Ambuja Cements was founded by Narotam Sekhsaria and Suresh Neotia as a joint venture between the Holcim Group and Gujarat Industrial Investment Corporation (GIIC). On May 15, 2022, Holcim’s stake in Ambuja Cements was acquired by Adani Group.
Ambuja Cements has continually expanded its production capacity to meet the growing demand for quality cement in India: In 2021, the company’s total cement production capacity was over 33 million tonnes per annum (MTPA), with multiple manufacturing units strategically located across the country
- Establishment: 1983
- Headquarters: Mumbai
- Market Cap (Approx.): Rs. 1.00 Lakh Crores
- Website: http://www.ambujacement.com/
4. Dalmia Cement
It offers customers a wide variety of cement products under the Dalmia Cement, Konark Cement, and Dalmia DSP brands.
Dalmia Cement, a key player in the Indian cement industry, has a storied history dating back to the early 20th century. The company operates as Dalmia Cement (Bharat) Ltd, a 100% subsidiary of Dalmia Bharat Ltd. Dalmia Cement (Bharat) Limited was established by Jaidayal Dalmia. The company set up its first cement plant in Dalmianagar, Bihar, pioneering the manufacturing of high-quality cement.
Dalmia Cement operates a manufacturing capacity of 44.6MnT per annum (MTPA), across 15 cement plants and grinding units which are spread across 10 states. The company offers a range of cement variants through its brand portfolio of three marquee brands: Dalmia Cement, Dalmia DSP and Konark Cement. Dalmia Cement is India’s largest manufacturer of slag cement.
- Establishment: 1939
- Headquarters: New Delhi
- Market Cap (Approx.): Rs. 0.41 Lakh Crores
- Website: https://www.dalmiacement.com
5. ACC
ACC Limited, one of the oldest and most trusted cement manufacturers in India, has a rich history that spans over a century. The company was established in the year 1936 as The Associated Cement Companies Limited, with its headquarters in Mumbai, Maharashtra. ACC commissioned India’s first entirely indigenous cement plant in Chaibasa, Jharkhand. At present, it is a subsidiary of Ambuja Cements and a part of the Adani Group.
ACC Limited is India’s one of largest manufacturers of cement and ready-mixed concrete. The company has 17 modern cement factories and more than 50 ready-mixed concrete plants. The total cement production capacity of ACC Cement was around 33 million tonnes per annum (MTPA) in 2021.
- Establishment: 1936
- Headquarters: Mumbai, Maharashtra
- Market Cap (Approx.): Rs. 0.39 Lakh Crores
- Website: http://www.acclimited.com/
6. J. K. Cement
K Cement Ltd, a prominent player in the Indian cement industry, has a legacy that reflects commitment and innovation. JK Cement Ltd was founded in the year 1975, by Lala Kamlapat Singhania in Rajasthan, India. The company commenced its first production unit at Nimbahera, Rajasthan, setting the foundation for its growth.
The Company is one of the largest manufacturers of white cement and wall putty in India. In 2021, JK Cement’s total cement production capacity exceeds 18 million tonnes per annum (MTPA).
- Establishment: 1975
- Headquarters: Kanpur
- Market Cap (Approx.): Rs. 0.29 Lakh Crores
- Website: http://www.jkcement.com/
7. Ramco Cements
Ramco Cements Limited, a leading name in the Indian cement industry, especially in the southern part of India has a history marked by resilience and growth. The company was established in the year 1957 as Madras Cements Ltd in Chennai, Tamil Nadu, India by Shri. P.A.C. Ramasamy Raja. In 1961, the first plant was commissioned in Alathiyur, Tamil Nadu, heralding the beginning of its manufacturing journey. The company’s name was changed to Ramco Cements Limited in 1987.
Ramco Cements has 5 Integrated Cement manufacturing units, 6 grinding units, and 1 Packing terminal across India. The company also produces Ready-Mix Concrete(RMC) and Dry Mortar products. Ramco Cement’s total cement production capacity was over 20 million tonnes per annum (MTPA) in 2021.
- Establishment: 1957
- Headquarters: Chennai
- Market Cap (Approx.): Rs. 0.29 Lakh Crores
- Website: http://www.ramcocements.in/
8. Nuvoco Vistas
Originally part of the Lafarge Group, Nuvoco Vistas began its operations in India after the acquisition of Tata Steel’s cement business. In 2019, The company rebranded as Nuvoco Vistas Corp Ltd, signalling a new era of growth and expansion. Nuvoco Vistas, at present, is part of the Nirma Group.
Nivoco is known for its commitment to sustainable development. The company has scaled up its capacity to 23.82 MMTPA making it the fastest-growing Cement Company. Presently, Nuvoco has 11 cement plants, comprising five integrated units, five grinding units and one blending unit. The units are located in the states of West Bengal, Bihar, Odisha, Chhattisgarh and Jharkhand in East India and Rajasthan and Haryana in North India. The company offers a wide range of cement products, including Nuvoco Duraguard Cement and Concreto.
- Establishment: 1999
- Headquarters: Mumbai
- Market Cap (Approx.): Rs. 0.13 Lakh Crores
- Website:https://nuvoco.com/
9. JK Lakshmi Cement
J.K. Lakshmi Cement is a renowned cement manufacturer with a strong presence in North India. It is part of the J.K. Organization. The company commenced commercial production at its first integrated cement plant in Sirohi, Rajasthan.
In 20121. JK Lakshmi Cement’s total cement production capacity was over 13 million tonnes per annum (MTPA), with modernized plants employing state-of-the-art technology. The company offers a diverse range of cement products, including Ordinary Portland Cement (OPC), Portland Pozzolana Cement (PPC), and specialized solutions for specific construction applications.
- Establishment: 1982
- Headquarters: New Delhi
- Market Cap (Approx.): Rs. 0.10 Lakh Crores
- Website:https://www.jklakshmicement.com/
10. India Cement
India Cements Limited, a stalwart in the Indian cement industry, has a history steeped in resilience and dedication:
The company was founded by S. N. N. Sankaralinga Iyer and commenced its operations in the Sankarnagar plant in Tamil Nadu in the year 1946. India Cements expanded its footprint in the year 1949 with the establishment of a plant in Sankaridurg, Tamil Nadu.
Presently, India Cement has 7 integrated cement plants in Tamil Nadu, Telangana, Andhra Pradesh, Rajasthan, and two grinding units, one each in Tamil Nadu and Maharashtra. The company’s total cement production capacity exceeded 16 million tonnes per annum (MTPA) in the year 20121, with modernized plants incorporating cutting-edge technology.
- Establishment: 1946
- Headquarters: Chennai, Tamilnadu
- Market Cap (Approx.): Rs. 0.08 Lakh Crores
- Website: http://www.indiacements.co.in/
More Best Companies in India:
Frequently Asked Questions
What are the key players in the Indian cement industry?
The major players in the Indian cement industry include Ultratech Cement, ACC Limited, Ambuja Cements, Dalmia Bharat, JK Cement, Nuvoco Vistas, Ramco Cements, and India Cements.
How much cement does India produce annually?
India is one of the largest producers of cement globally, with an annual production capacity exceeding 350 million tonnes.
What types of cement products do these companies offer?
Cement companies in India offer a variety of products, including Ordinary Portland Cement (OPC), Portland Pozzolana Cement (PPC), and specialized solutions tailored to specific construction needs.
What are the different types of cement offered by these companies suitable for?
The types of cement offered include OPC for general construction, PPC for enhanced durability, and speciality cement designed for specific applications like infrastructure projects or high-strength requirements.
How can I stay updated on the latest developments in these cement companies?
To stay informed about the latest developments, refer to the official websites of the respective cement companies, read their annual reports, and follow industry news.
