All Transactions of Malabar Cements Transparent, Says Oommen Chandy

Chief Minister Oommen Chandy said that the purchase of raw materials and machinery was carried out in a transparent manner.

Published: 27th May 2015 06:00 AM  |   Last Updated: 27th May 2015 08:42 AM   |  A+A-


ALAPPUZHA: Chief Minister Oommen Chandy has said that the transactions of Malabar Cements Limited (MCL) are transparent which in turn helped company clock a record profit of `129 crore in past four years.

He was speaking after inaugurating the public meet in connection with the reopening of MCL’s Pallipuram unit in Cherthala on Tuesday. He said that the purchase of raw materials and machinery was carried out in a transparent manner.

“The tendering process was transparent in all the deals. No corruption allegations were raised during the UDF government’s tenure,” Chandy said. Pallipuram unit can produce around 600 tonnes of cement per day.  In one year, the unit will achieve record profit. “MCL is selling cement at a price much lower than market price,” he added.   The production capacity can be enhanced into 1,000 tonnes, Chandy said.

Industry Minister P K Kunhalikutty presided over the function while K C Venugopal MP unveiled the products. A M Aarif MLA flagged off the first vehicle that carried cement out of the factory.

Stay up to date on all the latest Kerala news with The New Indian Express App. Download now


Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on are those of the comment writers alone. They do not represent the views or opinions of or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp