It Was The Long Cherished Developmental Dream Of The State Of Kerala Established A Significant Leap When Malabar Cements Limitedthe Only Portland Cement Manufacturer In Keralawas Incorporated In April 1978As A State Public Sector Unitthis Companywith A Capital Outlay Of Rs 68 Crores And A Paid Up Equity Capital Of Rs26 Croresis Fully Owned By Government Of Keralathe Company Is Continuously Running On Profit Cement Is The Basic Construction Material Of The Contemporary Eraduring The 1970S Cement Was A Controlled Commodity And Kerala Had To Depend Entirely On Other States Or Foreign Countries For Its Requirementssupplies Of This Construction Materialin Factthis Was The Stimulus Behind Comprehending This State Owned Cement Manufacturing Unit The Geological Survey Of Indiagsihad Identified A Cement Grade Limestone Deposit In The Walayar Reserve Forest Way Back In 1961 62Laterthe Mineral Exploration Corporation Limited Confirmed Its Efficacy
