The Company was incorporated in the State of Andhra Pradesh as Public
 Limited Company on 10.3.1986 and obtained Certificate of Commencement
 of Business on 3.11.1986.
 
 The Company originally, took on hand implementation of a project for
 setting-up a mini cement plant with 100 tonnes per day capacity. 
 Awaiting favourable changes in the conditions in the cement industry,
 the project implementation was taken up in 1988 only.  The project
 implementation was delayed on account of the time taken in obtaining
 Mining Lease clarances.  To take the project more viable the the
 company decided to increase the capacity from 100 tonnes per day to
 150 tonnes per day.  As such the cost of the project which was
 originally estimated in 1986 at Rs.316.32 lakhs for 100 tonnes per
 day capacity was later reappraised in 1992 by APIDC to Rs.608.38
 lakhs for the increased capacity of 150 tonnes per day capacity.
 
 Main Objects of the Company:
 
 The Main Object of the Company as set out in the Memorandum of
 Association are as under:
 
 1.  To produce, manufacture, refine, prepare, proces, purchase,
 import, sell, export, and generally deal in all kinds of cement.
 
 2.  To manufacture cement and building materials of all kinds, and to
 
 act as miners and engineers in all the respective branches of objects
 pursued by the Company.
 
 3.  To carry on all or any of the business of manufacturers, sellers,
 dealers in cement products, conrete, asbestos, earthen-ware, stone,
 artificial stone, and manaufacturers, builders, and dealers of
 requisites and conveniences of all kinds.
 
 4.  To fabricate, manufacture and eal in all kinds of cement plants,
 operate mining equipment, tools, untensils and materials and things
 necessary and convenient for carrying on the objects pursued by the
 Company.
 
 5.  To own, explore, take on lease or otherwise acquire any area,
 mining lease, quarries and to sell, supply or otherwise deal with any
 minerals, and to manufacture and products therefrom and to do other
 acts and deal in all such things as may be conducive and allied to
 the business of the Company.
 
 6.  To do the business of consultancy in the above fields.