Wonder Cement Explained

Wonder Cement Limited
Type:Private
Foundation:2010[1]
Parent:RK Group[2]
Hq Location City:Udaipur, Rajasthan
Hq Location Country: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)[3] [4]
Industry:Building materials
Products:Cement
Revenue: (FY23)
Operating Income: (FY23)
Net Income: (FY23)[5]
Num Employees:1,243 (2021)

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 with the Indian Premier League.[18]

Notes and References

  1. Web site: Wonder Cement Profile . Zauba Corp.
  2. News: Balakrishnan . Reghu . PM . Indulal . Blackstone, Temasek in talks for Wonder Cement stake . 22 May 2024 . The Economic Times . 31 October 2018 . https://web.archive.org/web/20190319004833/https://economictimes.indiatimes.com/industry/indl-goods/svs/cement/blackstone-temasek-in-talks-for-wonder-cement-stake/articleshow/66438719.cms . 19 March 2019.
  3. Web site: Wonder Cement Profile . Tofler.
  4. Web site: About Us . Wonder Cement.
  5. Web site: Wonder Cement Limited . CARE Ratings . 22 May 2024.
  6. News: Pioneer . Daily . Wonder Cement's second grinding unit starts .
  7. Web site: Company Profile . Bloomberg.
  8. News: 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. News: Outlook . Industry . Wonder Cement: Committed To Create Cutting-Edge Cement Manufacturing Methods .
  10. Web site: 2019-07-31 . Wonder Cement sets up third plant in Rajasthan . registration . 2024-02-08 . BusinessLine . en.
  11. Web site: Kurup . Rajesh . 2018-08-19 . Wonder Cement invests ₹450 cr in Maharashtra clinker grinding unit . 2024-02-08 . BusinessLine . en.
  12. News: Cement . Global . 20 August 2018 . Wonder Cement plant launched in Maharashtra .
  13. News: Haritas . Bhragu . 14 October 2020 . How Wonder Cement streamlined its in-plant logistics with IoT . Economic Times India Times.
  14. News: Wonder Cement sets up third plant in Rajasthan's Nimbahera . dead . The Week . 7 June 2021 . 7 June 2021 . https://web.archive.org/web/20210607055139/https://www.theweek.in/wire-updates/business/2019/07/31/nrg7-rj-wonder%20cement.html .
  15. News: Times . Economic . Wonder Cement to invest Rs 350 crore to develop grinding unit in Madhya Pradesh .
  16. News: The Times of India. Rs350 cr cement plant comes up in Dhar.
  17. News: Wonder Cement announces setting up of new production unit at Tulsigam, Gujarat . 22 May 2024 . The Economic Times . 1 January 2024.
  18. News: Farooqui . Javed . BCCI signs IPL sponsorship deal with Wonder Cement worth Rs 250 crore . 22 May 2024 . The Economic Times . 22 May 2024.