Cement, Energy and Environment

Green Field Plants &Expansion SANGHIINAUGURATES KUTCH GRINDING PLANT, INDIA Sanghi Industries' new 1.2Mta grinding plant was inaugurated on Friday by Gujarat Chief Minister, Anandiben Patel, in the western Indian state's Kutch district. The new unit lifts Sanghi's cement production capacity from 2.9Mta to 4.1Mta. Ravi Sanghi, chairman and managing director, said during the ceremony: "Inauguration of the grinding unit by the Gujarat Chief Minister is a testimony to the fact that Sanghi Industries ltd is considered as one of the leading corporate which has contributed to the industrial growth in Kutch and Gujarat." The Chief Minister also laid the foundation stone for a 15MW Waste Heat Recovery System (WHRS), which is scheduled for commissioning in the next two years . Alok Sanghi, director, said: "The new grinding unit would increase productivity, while the WHRS would reduce our costs and greenhouse gas emissions." Courtesy: Cement.com, 13 July, 2015 JSW CEMENT, PLANS TO START MORE GREENFIELD GRINDING UNITS JSW Cement to start greenfield grinding units each in West Bengal and Tamil Nadu as part of its game plan to reach its cement and clinker capacities to 20 million tonnes per annum by 2018. The greenfield projects in these two states is part of JSW Cement's Rs 9,000-crore investment plan. In Tamil Nadu, one location identified at Tuticorin and the other will be near Puducherry. It will take 36 months to commission these units. The Company CEO said JSW is scouting for land in West Bengal and will announce the details soon. Courtesy: Industrial Angles 36 1 h e-news letter DALMIA CEMENT COMMENCES TRIAL PRODUCTION AT KARNATAKA PLANT India: Dalmia Cement (Bharat) has commenced trial production at its 2.5 million tonne per annum (MTPA) Greenfield facility in Belgaum, Karnataka. When commissioned, the unit will take the Group's capacity to 24 (MTPA), consolidating its position in the country's cement industry further. According to CEO of company, Rs 1,500crore investments have gone in to develop the new facility which would start full production in 4-5 months. Courtesy: Industria/angles, 32nd e-news letter Merger & Acquisition CENTURY SET TO CEMENT TIES WITH ULTRATECH Century Textiles, owned by Birla patriarch Basant Kumar Birla, will carve out its cement business and merge it in an all share deal with India's largest cement maker UltraTech, owned by grandson Kumar Mangalam Birla , two people with direct knowledge of the plan said . "Both companies are in the final stages of a plan to merge the cement businesses," one of the two persons said. "The enterprise value of Cen– tury's cement business has been put at ~1 0,500 crore, and an announcement may be made in a few weeks." Once approved by shareholders, the merged entity's capacity would be 87 million tonnes. It would help UltraTech achieve 100 million tonne output much before its target of 2020, allowing it to take on the combined might of Lafarge and Holcim in India. Post-merger, UltraTech will gain access to the eastern market and strengthen presence in Maharashtra, Chhattisgarh and Madhya Pradesh. An AV Birla spokesperson declined comment. A questionnaire sent to an email ID sou rced from the website of Century Textiles did not elicit a response. Kumar Birla, who was inducted into the board of Century Textiles in 2006, has been increasing his stake in the company. He has been buying additional shares of the holding firm Pilani Investments which owns 37% in Century Textiles. Birla, who chairs the board meetings of Century, now owns 51% stake in Pilani Investments. At {1 0,500 crore , the enterprise value of Century's cement business come$ to $132 per tonne -lower than the replacement cost of setting up a one tonne plant which, according to analysts, stands at $135-145 a tonne. The transfer of the cement business will also leave the parent almost debt free as the loans were taken to . expand capacity at Satna in Madhya Pradesh. Courtesy: 11 The Economic Times, Mumbai, 22.04.2015 Pg. No. 6-7