Bagalkot Udyog Ltd, a cement producer erstwhile called as Kanoria Industries till 2005 was incorporated in 1948. It has a cement plant at Bagalkot but stopped producing cement on account of violation of pollution control norms.
The company was declared a sick unit in 2007 under BIFR. An attempt is being made to hive out a separated company of its cement division to revive it under the re-habitation programme. The registered office of the company is located at Stadium House, Block No.1, 6th Floor, Veer Nariman Road, Churchgate Mumbai, Maharashtra.