Hemadri Cements

Hemadri Cements Limited, one of the leaders in the Cement Manufacture industry, was incorporated as a Public Limited Company on 20th April, 1981. The company's objective is to manage the business processes at profit and to produce an overall positive impact on the society and create wellness. However, the company's operations were stopped in August 2024 due to continuous spiralling of costs, cash losses and unviable operations due to various constraints. Since the plant and machinery have become old and the production process is not efficient, it may require substantial investment to make operations viable. The Board concluded it would be in the best interest of all stakeholders to initiate voluntary liquidation proceedings under the Insolvency and Bankruptcy Code, 2016. The company has incurred continuous losses since the financial year 2022-23, and its net worth has been fully eroded as of 31st March 2025.;