About NCL Industries Limited

NCL Industries Limited is an Indian building materials company with origins dating back to 1979, founded by Late Shri K. Ramachandra Raju as Nagarjuna Cements Ltd to address India’s cement shortage through a mini cement plant initiative. Over the decades, it expanded under the NCL Group umbrella into cement, boards, ready mix concrete, hydel energy, and readymade doors. Key milestones include its IPO in 1982, incremental cement capacity expansions especially in 1989 and 2003, introduction of cement-bonded particle boards (Bison Panel) in 1992, and the acquisition of Vishwamber Cements Limited in 2023.

The company manufactures Ordinary Portland Cement (OPC), Pozzolana Portland Cement (PPC), and special grade 53S cement, along with cement particle boards, ready mix concrete, small hydropower generation, and readymade doors. Manufacturing facilities are located in Telangana, Andhra Pradesh, and Himachal Pradesh, with hydel energy assets in Andhra Pradesh and Karnataka. It serves the domestic Indian market with a channel network exceeding 2,500 dealers and distributors nationwide. NCL Industries Limited has two subsidiaries on a consolidated basis.

Key Milestones of NCL Industries Limited

• 1979: Founded as Nagarjuna Cements Ltd with a mini cement plant.
• 1982: IPO; commercial production commencement with 66,000 TPA cement capacity in 1984.
• 1992: Entered cement-bonded particle boards production.
• 2007-2010: Addition of clinker and cement grinding capacities and expansion of board plants.
• 2023: Acquisition of Vishwamber Cements Ltd and integration of limestone mining leases.

NCL Industries Limited Business Segments 

Operates in five segments: Cement (80.51% of turnover), Boards (9.69%), Energy (0.30%), Ready Mix Concrete (6.85%), and Readymade Doors (2.65%). All revenue is domestic, with zero international sales reported in FY 2024-25.

Cement manufacturing and sales, cement-bonded particle boards, ready mix concrete solutions, small hydel power projects, and readymade doors under various brand names including Nagarjuna Cement and Bison Panel.

NCL Industries Limited Key Management

• K. Ravi – Executive Vice Chairman
• K. Gautam – Managing Director
• N. G. V. S. G. Prasad – Executive Director & CFO
• Roopa Bhupatiraju – Executive Director
• Utkal B. Goradia – Executive Director
• T. Arun Kumar – Vice President & Company Secretary

Latest Updates on NCL Industries Limited

• Construction of new cement grinding unit near Visakhapatnam ongoing.
• Consortium order worth Rs 1,863 crore for pre-painted GI window frames and powder-coated door frames.
• Additional working capital sanctioned by major banks.
• Hydel power capacity of 15.75 MW and 8.00 MW waste heat recovery system operational; collaboration for solar power to reduce costs ongoing.
• Acquisition of Vishwamber Cements Limited includes converting limestone mining leases to captive mines with recognition of goodwill.
• Maintaining strong credit ratings: CRISIL A/Stable (long-term), CRISIL A1 (short-term).