Tamilnadu
Cements Corporation Ltd., (TANCEM), a wholly owned Government of
Tamilnadu undertaking, started business from 1st April 1976 with
an authorized share capital of Rs. 18 crores taking over cement
plant at Alangulam and setting up another plant at Ariyalur in
the year 1979.
TANCEM,
as its expansion and conversion activities, set up Asbestos Sheet
unit at Alangulam during 1981. TANCEM also took over during 1989,
a Stoneware pipe plant from TACEL with a view to provide employment
to the retrenched employees.
TANCEM
has, thus become a multi plants, multi locations and multi products
company with an annual turnover of around Rs. 250 crores and the
authorised capital as of now is Rs. 37.43 Crores.
The
company has its main objective in production of cement and cement
based products and primarily cater to the needs of Government
departments. Limestone being the main raw material, the company
acquired and reserved enough limestone bearing lands in and around
Alangulam and Ariyalur which are sufficient to run the cement
plants for decades to come. Hence, the role of TANCEM in the development
of state is immense.
