Wonder Cement

Indian cement production company

Wonder Cement Limited
Company typePrivate
IndustryBuilding materials
Founded2010[1]
Headquarters
Udaipur, Rajasthan
,
India
Areas served
Haryana, Delhi, Uttar Pradesh, Uttarakhand, Punjab, Rajasthan, Madhya Pradesh, Gujarat Maharashtra
Key people
Ashok Patni (Chairman)
Vimal Patni (Vice Chairman)
Suresh Patni (Managing Director)[2][3]
ProductsCement
RevenueIncrease ₹6,020 crore (US$720 million) (FY23)[4]
Decrease ₹843 crore (US$100 million) (FY23)[4]
Net income
Decrease ₹249 crore (US$30 million) (FY23)[4]
Number of employees
1,243 (2021)
ParentRK Group[5]
Websitewondercement.com

Wonder Cement is an Indian cement producing company that is based out of Rajasthan. It was started in 2010 under RK Group.[6] It manufactures Portland pozzolana and ordinary Portland cement for plaster, brickwork, and other construction applications.[7]

History

In 2012, the company set up its first unit in Nimbahera, Rajasthan, with thirty lakh tonnes per annum.[8] In 2015, Wonder Cement added another unit taking its annual cement production to 67.5 lakh tonnes.[9]

In 2018, the company invested ₹450 crore to set up a 20 lakh (2 million) tonne per annum clinker grinding unit in Dhule, Maharashtra.[10][11][12] In 2019, Wonder Cement invested ₹1,100 crore to build a third plant at Nimbahera in Rajasthan's Chittorgarh district, increasing its annual capacity of producing close to 1.1 crore (11 million) tonnes of cement.[13][14] In 2020, Wonder Cement invested ₹800 crore to set up cement plants in Badnawar and Jhajjar which increased the annual capacity to 1.3 crore (13 million) tonnes of cement.[15][16]

In 2023, Wonder Cement announced the setup of a new grinding unit at Tulsigram village in Gujarat, while the company's total production capacity reached 18 million tonne per annum.[17] In 2024, Wonder Cement signed a sponsorship deal worth ₹250 crore (US$30 million) with the Indian Premier League.[18]

References

  1. ^ "Wonder Cement Profile". Zauba Corp.
  2. ^ "Wonder Cement Profile". Tofler.
  3. ^ "About Us". Wonder Cement.
  4. ^ a b c "Wonder Cement Limited" (PDF). CARE Ratings. Retrieved 22 May 2024.
  5. ^ Balakrishnan, Reghu; PM, Indulal (31 October 2018). "Blackstone, Temasek in talks for Wonder Cement stake". The Economic Times. Archived from the original on 19 March 2019. Retrieved 22 May 2024.
  6. ^ Pioneer, Daily. "Wonder Cement's second grinding unit starts".
  7. ^ "Company Profile". Bloomberg.
  8. ^ Express, Financial. "Wonder Cement to Provide Clean and Cold Drinking Water to People Across 29 Districts in the States of Rajasthan, Madhya Pradesh and Gujarat".
  9. ^ Outlook, Industry. "Wonder Cement: Committed To Create Cutting-Edge Cement Manufacturing Methods".
  10. ^ "Wonder Cement sets up third plant in Rajasthan". BusinessLine. 31 July 2019. Retrieved 8 February 2024.
  11. ^ Kurup, Rajesh (19 August 2018). "Wonder Cement invests ₹450 cr in Maharashtra clinker grinding unit". BusinessLine. Retrieved 8 February 2024.
  12. ^ Cement, Global (20 August 2018). "Wonder Cement plant launched in Maharashtra".
  13. ^ Haritas, Bhragu (14 October 2020). "How Wonder Cement streamlined its in-plant logistics with IoT". Economic Times India Times.
  14. ^ "Wonder Cement sets up third plant in Rajasthan's Nimbahera". The Week. Archived from the original on 7 June 2021. Retrieved 7 June 2021.
  15. ^ Times, Economic. "Wonder Cement to invest Rs 350 crore to develop grinding unit in Madhya Pradesh".
  16. ^ "Rs350 cr cement plant comes up in Dhar". The Times of India.
  17. ^ "Wonder Cement announces setting up of new production unit at Tulsigam, Gujarat". The Economic Times. 1 January 2024. Retrieved 22 May 2024.
  18. ^ Farooqui, Javed (22 May 2024). "BCCI signs IPL sponsorship deal with Wonder Cement worth Rs 250 crore". The Economic Times. Retrieved 22 May 2024.

External links

Wikimedia Commons has media related to Wonder cement.
  • Official website