Malabar Cements Ltd resumed production on Monday, 24 October, following the stoppage of its operations on 10 September due to the non-availability of raw materials. Production was able to resume by bringing in clinker the company had in stock at its logistics centre at Kochi Port. The stoppage resulted in a INR50m (US$747,559) loss, according to the Times of India.
The shortage of raw materials came after Managing Director, K Pamakumar, was removed from his post last month after being arrested in connection to corruption cases. Malabar Cements has invited tenders for raw materials such as clinker and coal to normalise its cement production, sources at the company said.
The company has had 10 cases of alleged corruption filed against it by the vigilance and anti-corruption bureau since 2007.
