Tamil Nadu Cement Corp sells 25% output in open market

Tamil Nadu Cement Corp sells 25% output in open market
Published: 25 October 2011

With the public reeling under a spiralling construction cost, state-owned Tamil Nadu Cement Corporation (Tancem) plans to sell at least a quarter of its production in the open market at a competitive price.

Tancem usually supplies cement to state government departments such as Public Works and the Electricity Board, operates two plants at Alungulam, Virudhunagar District and Ariyalur with a total capacity of 0.8Mta.

However, state-directed sales have fallen as several civil works have been suspended and the company’s board has decided to market cement to bulk and retail customers in the private sector. The firm said it would sell its “Super Star” brand OPC at INR270/bag against the prevailing market price of INR300.