Panyam Cements & Mineral Industries Limited., has been established in the year 1955 in the most backward region of Rayalaseema(Kurnool Dist.,).The Company soon developed into one of the largest cement manufacturing unit in South India. During the year 2005-06 the Company has been taken over by M/s.Nandi Group of Companies headed by Sri S.P.Y.Reddy(Industrialist & MP from Nandyal).Right from the takeover,the Chairman took the initiative to develop the Industry with the modernization of Kiln No.1. From the last fifty seven years, the Company is providing livelihood to Thousands of its dependants. It started with 200Mts per day in the begining and reached to 2300 TPD after modernization. Sri .S.P.Y.Reddy is striving hard to bring back the yester years glory to Panyam Cements.
Ever since the 1st bag of cement rolled out in 1957, the Company's Brand Name and its Producer stood for Strength,Quality&Reputataion. Panyam Cement established it's name by letting its hands in shaping number of Projects viz. Srisailam Project, Nagarjuna Sagar Dam(A.P), Koyana Project, Jayakawadi Project (Maharashtra), Almatti Dam ,Upper Krishna Project, Malaprabha Dam (Karnataka). Apart from irrigation & Power Projects , Panyam Cements is also being used in large scale for construction of multi-storied buildings, Concrete Roads and many housing colonies & Township. During 1970s, the Railway Ministry asked some Cement Companies to take part in supply of quality cement to manufacture Concrete Sleepers.(This view was taken by the then Central Government to Protect forest environment imbalances as hitherto, sleepers were made from forest food). Panyam Cement is one amongst them. Subsequently, Panyam Cements became the first Company in India to supply cement tp N.F. Railway where Panyam Cement has been used successfully to manufacture Concrete Sleepers under the strict supervisor of Railways. In the era of 1960s,1970s & 1980s Panyam Cement war market leader all over South India, Maharashtra & Goa. But subsequently establishment of more & more Cement Plants, the Company's market is restricted to Rayalaseema of A.P, North & East Interior Karnataka, and some Northern parts of Tamil Nadu & Kerala.