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Showing posts with label India Cements. Show all posts
Showing posts with label India Cements. Show all posts

Thursday, December 26, 2013

India Cements gets Centre’s nod for capacity expansion

The company is setting up a 40 MW power plant at one of its facility in Tamil Nadu at a cost of Rs 810 cr
Chennai: An expert appraisal committee under the ministry of environment has given its nod to India Cements to double its capacity and set up a 40-Mw power plant at one of its facilities in Tamil Nadu. The proposed expansion project will come up at Dalavoi in Ariyalur district. According to a senior official of the company, the capacity addition would cater to Tamil Nadu and Kerala markets. "It will be a significant expansion in the two markets, where not much of the capacity additions expected in the future,” said the official.

It is expected to take about two years to complete the work. Current capacity for clinker production in this facility is 1.24 million tonnes per annum and the company plans to add 1.53 million tonnes taking total clinker production capacity to 2.77 million tonnes per annum. Cement (OPC/PPC) production capacity is 2.16 million tonnes and the company plans to add 2.55 million tonnes taking the total cement production capacity to 4.71 million tonnes.

The proposed expansion will be carried out in an area of 25.09 hectares. The estimated cost of the project is Rs 810 crore, including Rs 39.6 crore and Rs 5.71 crore earmarked for the capital cost and recurring cost per annum towards the environmental pollution control measures. India Cements, country's one of the largest cement manufacturers, currently has a total capacity of 15.5 million tonnes. It has seven plants in Tamil Nadu and Andhra Pradesh and one in Rajasthan. The company is also planning to add 2X20 Mw power plant in the facility.

The captive power plant will use coal/pet coke as fuel. The power requirement for the facility would be 41.4 Mw, which will be met from the captive power plant and the Tamil Nadu Electricity Board, according to the company's disclosure to the ministry.

Wednesday, November 23, 2011

India Cements earns its highest EBITDA from Chennai Super Kings

CHENNAI: India Cements has earned its highest-ever EBITDA from IPL franchise Chennai Super Kings (of Rs 32.8 crore) in Q2, according to brokerage firm Motilal Oswal. This has come on the back of IPL revenues of Rs 51.5 crore. In the first quarter, IPL fetched India Cements more revenues - Rs 84.8 crore. However, EBITDA was only Rs 6.6 crore. The Q2 EBITDA from IPL was more than double of what Motilal Oswal had forecast (about Rs 15 crore). The operating performance of India Cements got a boost from this and the company's total EBITDA was at Rs 252 crore on revenues of Rs 1,092 crore in the second quarter. The company posted a Q2 net profit of nearly Rs 70 crore, from a loss of over Rs 33 crore this quarter last year, amid capacity overhand and sluggish demand in its bread-and-butter South market. But net profit was lower than the Q1 figure of Rs 102 crore. In the first half, IPL revenues were Rs 138 crore, about 6% of total revenue.