NCL Industries Limited is an India-based company that is engaged in the business of manufacturing and selling of cement, ready mix concrete (RMC), cement bonded particle boards (CBPB), doors, and operates two small hydropower (SHP) projects. The Company’s segments include Cement, Boards, RMC, Energy and Doors. The Company offers ordinary Portland cement (OPC), Portland Pozzolana cement (PPC), OPC 53 S cement, and plain and laminated CBPB. The Company’s cement is sold under the brand Nagarjuna Cement. The Company has manufacturing facilities in the states of Telangana, Andhra Pradesh, Karnataka and Himachal Pradesh of India and caters mainly to the domestic market. The Company’s subsidiaries include Tern Distilleries Private Limited and NCL Guangzheng Structures Ltd.