Cement, Energy and Environment

existing grinding unit or at a new plant," ''the OCL India President, Mr. M.B. Dalmia, told PTI. The proposed expansion, which will take OCL's high-grade cement making capacity to 4.8 Mtpa, would cost around Rs. 300 crore, he said, adding OCL would fund the project from a mix of internal accruals and debt. Courtesy: The Hindu Business Line, New Delhi, 11.05.2010. PANYAM CEMENTS PLANS TO RAMP UP CAPACITY TO 3 MT Panyam Cements, part of the diversified Rs. 1,000-crore Nandi Group of Companies, has put on its drawing board a Rs. 200-crore proposal to double its capacity from one million tonne to 2.2 million tonnes. In the next phase, it would further ramp up the capacity to three million tonnes, depending on the domestic demand-supply position . This expansion, which would require an investment of about Rs. 80 crore, will be executed during the next 12 -18 months. "We are planning to go for an IPO for Spy Agro within this period, depending on market conditions. The size of the IPO will be below Rs. 100 crore, which will fund the expansion plan," Mr. S. Sridhar Reddy, MD, said. Courtesy: The Hindu Business Line, Hyderabad, 02.05. 2010. RAIN COMMODITIES TARGETS10MTCEMENT CAPACITY Rain Commodities Ltd, which makes Priya Cement, will increase its cement production capacity from three million tonnes to 10 million tonnes by the inorganic route. The Hyderabad-based company would scout for suitable candidates for acquisition to increase the capacity, as part of its inorganic growth strategy. This would begin after obtaining approvals for hiving off its cement operations to a wholly-owned subsidiary, its Chief Financial Officer, Mr. T. Srinivasa Rao told Business Line in Hyderabad. Courtesy: The Hindu Business line Hyderabad, 02.4.2010. SHIVA CEMENT CHALKS OUT RS. 800 CR EXPANSION PLAN Shiva Cement, an Orissa based cement firm, has firmed an expansion plan worth Rs.SOO crore. The company is expected to grow nearly 15 times in next 3-4 years with support from ACC, which holds 14.5% stake in the company. The first phase of expansion is expected to register four-times growth in production, to 6.6 lakh tpa, as against the current 1.5 lakh tpa. Similarly, the firm plans to increase production capacity to 23 lakh tpa in the second phase. While the first phase will require an investment of Rs.165 crore, the second phase will require Rs. 635 crore. Courtesy: The Financial Express, Mumbai, 15.05.2010. SHREE CEMENT TO INVEST RS. 2000 CR IN KARNATAKA Shree Cement on 6.6.201 0 said it had entered into a memorandum of understanding with Karnataka government to invest Rs. 2,000 crore for setting up a cement unit and a power plant. The company will invest Rs. 1,500 crore on a cement manufacturing unit with an annual capacity of three million tonnes and the remaining Rs. 500 crore on operationalizing a 100 MW power plant, Shree Cement said in a statement. "We are delighted with this development and with signing of this memorandum of understanding, we would be able to capture more opportunities in one of the fastest-growing markets in the country," Shree Cement Managing Director Shri H. M. Bangur said. The company did not disclose the time for the completion of the projects. "The mining lease has been allotted to the company for the cement plant and both the projects have received green signal from the high powered committee of the Karnataka government," the statement said, adding that the two projects will generate direct and indirect employment for 2,500 people. Courtesy: The Financial Express, New Delhi, 07.06 2010. SHREE CEMENT TO EXPAND MANUFACTURING CAPACITY Shree Cement Ltd is expanding its capacity by setting up a 1 Mtpa clinker unit at Ras and 1 Mtpa cement grinding unit in Jaipur, according to a company release. Work on the company's 300- MW (2x150MW) thermal power plants, to be set up at Beawar, is progressing as per schedule, and is expected to be completed by December, 2011 . One of the company's divisions, based at New Delhi, has already commenced operations and is actively undertaking trading of electricity. Increased operational efficiency, better capacity utilization and higher price realization led to improved 11