Udaipur Cement Works Limited (UCWL) is a key player in Rajasthan’s cement industry. JK Lakshmi Cement Ltd. owns 75% of UCWL. For over 30 years, UCWL has driven progress with a focus on excellence and trust.
UCWL has been vital to Rajasthan’s infrastructure development. Its Udaipur location and modern facilities meet growing cement demand. The company serves both public and private sectors effectively.
Key Takeaways
- JK Lakshmi Cement Ltd. holds a 75% stake in Udaipur Cement Works Limited (UCWL).
- UCWL has contributed significantly to the cement industry in Rajasthan, with a focus on excellence, integrity, and trust.
- The company’s strategic location and modern production facilities have enabled it to meet the growing demand for cement in the region.
- UCWL’s expansion and capacity enhancement initiatives have strengthened its market position and financial performance.
- The company’s integration with the JK Lakshmi Cement group has provided strategic benefits and a robust corporate governance framework.
Overview of Udaipur Cement Works Limited
Udaipur Cement Works Limited is a key player in Rajasthan’s industry. Founded in 1993, it has made its mark in cement manufacturing. The company boosts the region’s economy and development.
Historical Background and Establishment
In December 1993, Udaipur Cement Works Limited bought a cement plant in Udaipur. The plant had an 8 lakh tonnes yearly capacity. The purchase cost Rs. 137.50 crores, showing the assets’ strategic value.
Industrial Significance in Rajasthan
Udaipur Cement Works Limited leads the industry with prestigious awards. It won the Gold Award for Best Practices in various areas. The company also received the National Award for Excellence in CSR in 2021.
Company Vision and Mission
The company aims to serve society with integrity, fairness, and trust. It plans to expand across India through depots and partners. Their goal is to create a legacy of progress and teamwork.
Udaipur Cement Works Limited is part of the JK Organization. This group has a 135-year history. Their products, like “Platinum Heavy Duty Cement,” are popular.
The company’s focus on research and innovation has built strong brand loyalty. This approach has helped them gain a significant market share.
Who Owns Udaipur Cement Works: Corporate Structure and Management
Udaipur Cement Works Limited is mainly owned by JK Lakshmi Cement Ltd. JK Lakshmi Cement holds a 72% stake in the company. This partnership helps Udaipur Cement Works use its parent company’s expertise and resources.
Shrivats Singhania leads Udaipur Cement Works as Director and Chief Executive Officer. His leadership has been key to the company’s growth and expansion plans. The company also has a board of directors and management team.
| Key Corporate Details | Figures |
|---|---|
| Long-term bank facilities | ₹1,010.65 crore |
| Non-convertible debentures | ₹350.00 crore (rated CARE AA; Stable) |
| Contribution to JK Lakshmi Cement’s cement capacity | 16% (expected to increase to 20-25% post expansion) |
| Contribution to JK Lakshmi Cement’s revenue and profit | 16% each |
| Current production capacity | 2.2 MTPA (expected to increase to 4.7 MTPA post expansion) |
| Interest coverage | 2.81x in FY23 |
| Total debt to Gross Cash Accruals ratio | 14.44x in FY23 (increased from 10.19x in FY22) |
Udaipur Cement Works has announced a rights issue to raise ₹448.43 crores. They’re offering 4 rights equity shares for every 5 fully paid-up equity shares. This will help fund expansion plans and boost their market position.
JK Lakshmi Cement’s Majority Stake and Control
JK Lakshmi Cement Ltd dominates Udaipur’s cement industry. They own 72% of Udaipur Cement Works Limited. This majority stake gives them strategic control over key investments and growth.
Ownership Percentage and Investment Details
Udaipur Cement Works approved a Rs 450 crore rights issue. JK Lakshmi Cement promised to cover any undersubscription. This shows their strong financial support for Udaipur Cement Works’ expansion plans.
Strategic Partnership Benefits
The partnership creates advantages for Udaipur Cement Works. JK Lakshmi Cement’s expertise and resources boost efficiency and quality. This helps Udaipur Cement Works expand in the cement industry udaipur.
Corporate Governance Framework
As the udaipur cement plant proprietor, JK Lakshmi Cement oversees operations. They ensure alignment with their vision and industry best practices. This contributes to the plant’s long-term success.
Leadership Under Shrivats Singhania: CEO’s Vision
Shrivats Singhania leads Udaipur Cement Works Limited (UCWL) as Director and CEO. With 13 years of industry experience, he drives innovation and market expansion. His leadership focuses on continuous improvement across Rajasthan and beyond.
Singhania aims to create a lasting cement industry legacy. He prioritizes progress and collaboration with key stakeholders. UCWL emphasizes sustainability, using renewable energy for over 50% of its electricity needs.
Solar power and waste heat recovery systems reduce UCWL’s carbon footprint. This commitment contributes to a more environmentally responsible future. The company’s recent expansion has doubled its production capacity to 4.7 million metric tonnes annually.
Singhania’s team tackles industry challenges head-on. They adopt cutting-edge technologies like automation and digitalization. These innovations optimize production processes and ensure peak operational efficiency.
UCWL has earned recognition for its innovative practices. Awards include the Indian Cement Review Awards for Fastest Growing Cement Company. They’ve also received the Economic Times Promising Brands award.
The company won the National Award for Excellence in Corporate Social Responsibility (CSR). This highlights their commitment to community action. Singhania’s leadership has positioned UCWL as an industry leader in sustainability.
Shrivats Singhania’s vision for who owns udaipur cement works, the udaipur cement company ownership, is clear. He aims to lead through sustainability, technology, and collaboration. This approach drives UCWL’s growth and solidifies its reputation as a responsible manufacturer.
| Key Achievements under Shrivats Singhania’s Leadership |
|---|
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“Our vision is to create a lasting legacy in the cement industry, driven by progress, innovation, and collaboration with our stakeholders. We are committed to sustainability, leveraging cutting-edge technologies, and delivering excellence in all that we do.”
– Shrivats Singhania, CEO, Udaipur Cement Works Limited
Production Capacity and Manufacturing Infrastructure
Udaipur Cement Works Limited has doubled its cement production capacity. The company now produces 4.7 million tonnes per year, up from 2.2 million. This expansion makes it a key player in Udaipur’s cement industry.
Current Production Capabilities
The company’s clinker capacity has increased to 3 million tonnes per year. This is a significant jump from the previous 1.5 million tonnes. The Waste Heat Recovery System now produces 12 MW, twice its former output.
Technical Specifications
Udaipur Cement Works has invested in modern manufacturing techniques. They’ve added a new grinding unit to boost production. This helps them meet the growing demand in the region.
Quality Control Measures
Quality is a top priority for Udaipur Cement Works. They use strict quality control measures throughout the manufacturing process. This ensures their cement always meets industry standards.
The company’s expansion and tech upgrades have made it a leader in cement manufacturing udaipur. Udaipur Cement Works is now well-equipped to meet regional construction needs. Their focus on quality makes them a top choice for cement factories udaipur.
Recent Expansion and Growth Initiatives
Udaipur Cement Works Limited (UCWL) is growing rapidly in the cement industry. The company has taken steps to boost production and improve efficiency. These initiatives strengthen UCWL’s market position.
UCWL has doubled its production capacity to 4.7 million metric tons per year. This major investment shows the company’s dedication to growth and market leadership.
UCWL has made great progress in sustainability. Over half of its electricity now comes from green sources. These include Waste Heat Recovery Systems and Captive Solar Power Plants.
The company has also doubled its Clinker Capacity. This allows for alternative fuel use and better production processes. UCWL now uses CNG-powered trucks to reduce its carbon footprint during transport.
UCWL launched a floating solar power plant, a first in India’s cement industry. This innovative approach shows the company’s commitment to reducing fossil fuel use.
The company is also focusing on automation and digitalization. These efforts aim to improve efficiency, productivity, and product quality. UCWL’s strategies reflect its commitment to better customer service.
UCWL continues to grow and improve its operations. It remains a key player in the cement industry. The company’s focus on sustainability and innovation sets it up for long-term success.
Financial Performance and Market Position
Udaipur Cement Works Limited is a major cement manufacturer in Rajasthan. It has shown strong financial growth and market presence recently. The company’s ties to JK Lakshmi Cement group boost its stability and competitiveness.
Revenue Streams
Udaipur Cement Works’ net sales have steadily increased. They grew from Rs. 294.11 crore to Rs. 348.35 crore between September and March 2024. This marks an 18.23% year-over-year rise.
The company’s main revenue comes from its Cementious Materials segment. It offers cement products under the Platinum Heavy Duty and Platinum Supremo brands.
Market Share Analysis
Udaipur Cement Works holds a strong position in Rajasthan’s cement industry. This is despite a 23.23% drop in market cap over one year. The company’s integrated unit can produce about 2.2 million tons annually.
| Financial Metric | March 2020 | March 2024 |
|---|---|---|
| Equity Share Capital | Rs. 124.56 crore | Rs. 224.22 crore |
| Total Shareholders Funds | Rs. 242.05 crore | Rs. 867.62 crore |
| Long Term Borrowings | Rs. 275.63 crore | Rs. 1,122.04 crore |
| Total Current Liabilities | Rs. 182.84 crore | Rs. 328.35 crore |
| Tangible Assets | Rs. 713.00 crore | Rs. 2,031.15 crore |
| Contingent Liabilities | Rs. 269.18 crore | Rs. 376.09 crore |
Udaipur Cement Works Limited shows a clear focus on growth and market strength. Its partnership with JK Lakshmi Cement and expansion plans are key factors. These efforts should boost revenue and market share in the future.
Distribution Network and Market Presence
Udaipur Cement Works Limited has built a strong distribution network across India. The company operates through 56 depots and 453 distributors. This network helps them reach customers in Rajasthan, Gujarat, and Madhya Pradesh.
This extensive infrastructure has boosted Udaipur Cement Works’ growth in the industry. Their network of depots and partners has expanded their footprint. It has also strengthened their presence in the local cement factories udaipur market.
JK Lakshmi Cement Ltd., the udaipur cement plant proprietor, has been crucial to this success. They’ve provided guidance to enhance the company’s reach and accessibility. This partnership has helped Udaipur Cement Works maintain a strong market presence.
The company can now effectively distribute products across target markets. Their robust network allows them to meet the growing cement demand in the region.
