Wonder Cement
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| Company type | Private |
|---|---|
| Industry | Building materials |
| Founded | 2010[1] |
| Headquarters | , 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] |
| Products | Cement |
| Revenue |  ₹6,020 crore (US$720 million) (FY23)[4] |
 ₹843 crore (US$100 million) (FY23)[4] | |
| ₹249 crore (US$30 million) (FY23)[4] | |
Number of employees | 1,243 (2021) |
| Parent | RK Group[5] |
| Website | wondercement.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
[edit]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
[edit]- ^ "Wonder Cement Profile". Zauba Corp.
- ^ "Wonder Cement Profile". Tofler.
- ^ "About Us". Wonder Cement.
- ^ a b c "Wonder Cement Limited" (PDF). CARE Ratings. Retrieved 22 May 2024.
- ^ 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.
- ^ Pioneer, Daily. "Wonder Cement's second grinding unit starts".
- ^ "Company Profile". Bloomberg.
- ^ 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".
- ^ Outlook, Industry. "Wonder Cement: Committed To Create Cutting-Edge Cement Manufacturing Methods".
- ^ "Wonder Cement sets up third plant in Rajasthan". BusinessLine. 31 July 2019. Retrieved 8 February 2024.
- ^ Kurup, Rajesh (19 August 2018). "Wonder Cement invests ₹450 cr in Maharashtra clinker grinding unit". BusinessLine. Retrieved 8 February 2024.
- ^ Cement, Global (20 August 2018). "Wonder Cement plant launched in Maharashtra".
- ^ Haritas, Bhragu (14 October 2020). "How Wonder Cement streamlined its in-plant logistics with IoT". Economic Times India Times.
- ^ "Wonder Cement sets up third plant in Rajasthan's Nimbahera". The Week. Archived from the original on 7 June 2021. Retrieved 7 June 2021.
- ^ Times, Economic. "Wonder Cement to invest Rs 350 crore to develop grinding unit in Madhya Pradesh".
- ^ "Rs350 cr cement plant comes up in Dhar". The Times of India.
- ^ "Wonder Cement announces setting up of new production unit at Tulsigam, Gujarat". The Economic Times. 1 January 2024. Retrieved 22 May 2024.
- ^ 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
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