Andhra Cements Limited
Andhra Pradesh
Contact Details
Durga Cement Works Sri Durgapuram,Andhra Cements Limited, incorporated on 9th day of December 1936 under the Indian Companies Act 1913, and had since then experienced several changes till date with respect to the promoters and management.
Earlier, the Management of the Company transferred from the then promoters i.e. M/s Bennett Coleman Co. Ltd. (BDCL) to M/s Duncan Agro Industries Ltd., its known as Duncan Industries Ltd. (DIL) and under the management control of Shri G.P. Goenka (Duncan Goenka Group) who had acquired the Company in the year 1994 from BIFR and later the due to financial crises the production activity of Cement was stopped and the both the plants shut-down during the period from 2010-12 and all the production and all other operations were closed down.
Later, in the Year 2012 the present Promoters viz, Jaypee Development Corporation Limited (Jaypee Group) has acquired about 60% shareholding of the Company and taken over the Management control with effect from February, 2012 by JAYPEE GROUP.
