🧱 Panyam Cement: From NCLT to Cement Rebirth or Just Another Dust Storm?
Date of Publishing -
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At a Glance
Panyam Cement went from making cement to becoming dust itself — dragged into NCLT in 2020 and rescued by a revival plan in 2021. But 3 years later, it’s still burning more cash than coal. Can this zombie factory turn solid again, or is this just cemented chaos?
1. 🧟♂️ Introduction: Dead Company Walking?
Remember that one guy in college who promised he’d “change after this semester”? That’s Panyam Cement — except instead of assignments, it missed entire decades of financial performance.
Once a buzzing cement plant in Andhra Pradesh, Panyam was:
Dragged to NCLT in May 2020 🧾
Slapped with a Resolution Plan in July 2021 👨⚖️
Handed back to a new board in Jan 2023 🏛️
And now?
It’s making ₹20 Cr a quarter in revenue, burning ₹30 Cr in expenses, and asking you to believe this is a comeback.
2. 🧱 WTF Do They Even Do?
Sector: Cement manufacturing
Location: Kurnool, Andhra Pradesh
Plant Status: Restarted clinker production just last week (June 27, 2025)
Pre-NCLT: Used to do ₹100–200 Cr in revenue
During NCLT: Zilch
Post-Resolution: Slow restart, but bleeding cash
So technically yes, they do make cement again — but currently burning through it faster than selling.
3. 📉 Financials: Falling Harder Than a Sack of Clinker
