Malabar Cements Limited Business Operations and Financial Performance

Malabar Cements Limited is a leading cement manufacturer in India, with a rich history dating back to 1972. The company has a strong presence in the southern region of India, particularly in the states of Kerala and Tamil Nadu.

Malabar Cements Limited operates two cement plants, one at Walayar and the other at Attappady, with a combined capacity of 3.5 million tons per annum. The company's manufacturing facilities are equipped with state-of-the-art technology to ensure high-quality cement production.

Malabar Cements Limited has a strong distribution network, with a presence in over 25 states across India. The company's products are sold through a network of dealers and retailers, ensuring timely delivery to customers.

The company's financial performance has been steady over the years, with a turnover of ₹1,450 crore in the fiscal year 2020-21.

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Malabar Cements Limited is a state-owned producer that has been making headlines recently due to its plans to increase production. The company's production has been reduced over the last three months, but the state government of Kerala has intervened to address the issue.

The state government's move is a response to the rising prices of cement, which has affected the company's sales. Malabar Cement sells around 6 - 8% of the cement sold in the state, making it a significant player in the market.

The company's largest unit, the Walayar plant, has a production capacity of 6.6 lakh tonnes of cement per annum, making it a major contributor to the company's overall production.

The Walayar plant is a significant operation for cement production in India. It has a production capacity of 6.6 lakh tonnes of cement per annum.

This makes it the largest unit of its kind. Its impressive capacity is a testament to the plant's efficiency and productivity.

The Walayar plant has been in operation since 1978, which is a notable milestone in its history. It was established that same year.

Here are some of the key categories the Walayar plant falls under:

Malabar Cements has launched a new dry mix for plastering buildings, which consists of dried sand and cement.

The dry mix is available in 40kg bags, making it a convenient option for builders and contractors.

This new product is designed to make plastering easier and more efficient, allowing for faster completion of construction projects.

The mix is a significant innovation in the cement industry, offering a more streamlined process for builders.

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Malabar Cements will increase production following reduced production over the last three months.

The state government of Kerala intervened after price rises, according to the Hindu newspaper.

Malabar Cement sells around 6 - 8% of the cement sold in the state.

The state government is also considering regulating the price of cement.

Malabar Cements Limited has faced strict regulations regarding emissions standards. The Central Pollution Control Board (CPCB) has ordered the company to comply with these standards.

The company was initially granted extra time to meet the new standards, but the CPCB later declared that no cement producer would be able to flout the rules past 31 August 2018.

Malabar Cements was given a seven-day deadline to comply with the emissions standards, starting from 31 December 2018. Failure to comply would result in closure of the plant.

The CPCB also intends to fine the company around US$570/day from the end of August 2018 for breaking the standards.

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The Kerala High Court is investigating how files have disappeared from its premises regarding a corruption case into Malabar Cements.

The files in question were part of a 2015 petition, seeking a Central Bureau of Investigation probe into alleged instances of corruption in the cement producer.

Justice B Sudheendra Kumar described the situation as ‘alarming.’

The disappearance of these files is a serious concern, and it's understandable that the court wants to get to the bottom of it.

In 2017, the Vigilance and Anti-Corruption Bureau arrested Prakash Joseph, a legal officer at Malabar Cements, in relation to a loss of US$0.4m.

Previous to this, in mid-2016, the Vigilance and Anti-Corruption Bureau arrested K Padmakumar, the managing director of Malabar Cements, on charges of corruption and irregularity.

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Malabar Cements Limited has a diverse group of directors who bring their expertise to the table. Suresh Babu Narayanan has been serving as a director for 8 years, providing valuable experience and guidance to the company.

The company's directors have varying levels of tenure, with some having served for just 1 year, while others have been in their positions for 8 years. Lathi Raj, Rajendra Prasad Prabhakaran, and Pandarathil Murali Madhavan have all been directors for 3 years, contributing to the company's growth and development.

Here are the directors with their respective tenures:

Mir Mohammed Ali is the nominee director, having served 0 years in the position. Acharath Parakat Mahalil Mohamedhanish has been a director for 1 year, and Muraleedharan Nair Narayanapanicker Gowriamma has been in the position for 2 years.

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Malabar Cements Limited has a market capitalization of around ₹6,000 crores, making it a significant player in the Indian cement industry.

The company's financials are managed by experienced professionals who ensure that the company remains profitable despite market fluctuations.

Malabar Cements Limited has a strong track record of paying dividends to its shareholders, with a dividend yield of around 5%.

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The Kerala government has a plan to lower cement prices by increasing its cement production.

The state owns 10% of its cement industry and plans to boost production at its Nattakom grinding plant in Moolavattom.

State-owned Travancore Cements will increase grey cement, white cement, and wall putty production.

The government also met with private sector cement producers to discuss a possible reduction in cement prices.

State-owned Malabar Cements has already increased its cement production and lowered its cement prices.

The Kerala state government aims to establish 25% state ownership of the cement industry.

This move is intended to control rising cement prices in the state.

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A balance sheet is a snapshot of a company's financial situation at a specific point in time. It lists the company's assets, liabilities, and equity.

Assets are the things a company owns or is owed, such as cash, inventory, and property.

Assets can be classified into current and non-current assets. Current assets are expected to be converted into cash within one year or less, such as accounts receivable and inventory.

Liabilities are the debts a company owes, such as loans and accounts payable.

Equity represents the ownership interest in a company, which is the residual interest in the assets after deducting liabilities.

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The government of Kerala has a significant stake in Malabar Cements Limited, with the company being a government undertaking.

Malabar Cements Limited is owned by the government of Kerala, with a specific undertaking mentioned in the tender notice. The company's website is www.malabarcements.com, and the email address for tender-related queries is [email protected].

The government's involvement in Malabar Cements Limited is evident in its decision to increase its cement production to help lower the price of cement in the state. This move is part of the state government's plan to control rising cement prices.

Malabar Cements Limited has already taken steps to lower its cement prices, as mentioned in a news article. The company has increased its cement production, including grey cement, white cement, and wall putty production.

The government's plan to increase its stake in the cement industry to 25% is aimed at controlling rising cement prices. This move is expected to benefit the state's consumers.

Here's a brief overview of the government's involvement in Malabar Cements Limited: