Samruddhi Cement Ltd is a subsidiary company Grasim Industries Ltd. The company is engaged in the business of manufacturing and selling of cement, white cement, clinker, ready mix concrete, lime, limestone, plasters, putty, whiting, clay, granule, sand, coal, coke, fuel, artificial stone, builders' requisites and convenience of all kinds and any products or things which may be manufactured out of or with cement or white cement or in which the use of cement or white cement may be made.
The company operates eleven grey cement manufacturing plants, which are located in the states of Rajasthan, Madhya Pradesh, Karnataka, Tamil Nadu, Chattisgarh, Haryana, Uttar Pradesh, Punjab and Maharashtra, and have a total installed capacity of approximately 25.7 million metric tonnes per annum. Ready-mix concrete has consolidated capacity of 11.31 million cubic meters.
The company has a pan India presence. Their grey cement is sold under the national brand 'UltraTech Cement-the Engineer's Choice', while white cement is sold under the brand name 'Birla White'. They are also amongst the largest producers of white cement in India with a capacity of 560,000 tons per annum (tpa). The company has one wholly owned subsidiary, namely, Harish Cement Ltd.
Samruddhi Cement Ltd was incorporated on September 4, 2009 by Samruddhi Swastik Trading and Investment Ltd with an authorized share capital of Rs 101 crore divided 20,20,00,000 equity shares of face value Rs 5 each. The company was established with an object of carrying on the business of manufacture and sale of cement and allied products.
In October 3, 2009, the entire shareholding of the company was acquired by Grasim Industries Ltd from Samruddhi Swastik Trading and Investment Ltd. Thus, the company became a wholly owned subsidiary of Grasim Industries Ltd.
Grasim Industries Ltd, the holding company de-merged their cement business comprising of Grey Cement, White Cement and Ready Mix Concrete and vested into the company with effect from October 1, 2009 on a going concern basis. The scheme became effective on May 18, 2010.
The company formed a joint venture company namely Bhaskarpara Coal Company Ltd for undertaking captive consumption at a Coal block in Jharkhand, which was allotted by the Ministry of Coal, Government of India. Also, the company completed their on going expansion and commenced operation at grinding unit in Kotputli, Rajasthan, which is having a capacity of 3.1 million TPA.
In June 29, 2010, the company shares were listed on BSE and NSE. They have proposed to amalgamate the company with Ultratech Cement Ltd, a subsidiary of Grasim Industries Ltd with effect from July 1, 2010.