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Ambuja Cements to invest Rs 1,800 cr to expand capacity

Mar, 16 2012


(India)  --  Ambuja Cements, India’s leading cement producing company, plans to invest Rs 1,800 crore to expand its production capacity by December 2013.

Ambuja plans to set up a 2.2-million-tonne clinkerisation unit at Nagaur in Rajasthan for which it has already obtained the environmental clearance. The company has also proposed to set up a new bulk cement terminal at Mangalore in order to market itself in the southern markets.

The terminal is expected to be operational by September.

The company had surplus cash of Rs 7,700 crore as of December last year and plans to fund the project through internal accruals.

The company has also initiated a new brownfield expansion project to enhance capacity at its Sankrail grinding unit in West Bengal.            

Ambuja Cements also holds a 27.27% stake in a 350 crore INR joint venture along with IST Steel and Lafarge India for a coal block in Maharashtra that was allotted to it by the Ministry of Coal for captive use. Ambuja Cements will invest Rs 95 crore in the project.

The company is also concentrating on securing energy resources, primarily coal, keeping in view the cost impact on the company due to the rising costs. Coal India Ltd, the largest domestic coal supplier, has substantially increased the coal prices. The availability and quality of the linkage coal are also issues of concern for the company.
 
The company has also taken up projects to increase use of alternative fuels and waste-heat recovery system. The company recently commissioned its first wind power project in Gujarat.
Source: http://www.infrawindow.com/news/ambuja-cements-to-invest-rs-1-800-cr-to-expand-capacity_1824/

By: Rashmi Kalia (ARI-Ambuja Cements to invest Rs 1,800 cr to expand capacity
Ambuja Cements, India’s leading cement producing company, plans to invest Rs 1,800 crore to expand its production capacity by December 2013.

Ambuja plans to set up a 2.2-million-tonne clinkerisation unit at Nagaur in Rajasthan for which it has already obtained the environmental clearance. The company has also proposed to set up a new bulk cement terminal at Mangalore in order to market itself in the southern markets. The terminal is expected to be operational by September.

The company had surplus cash of Rs 7,700 crore as of December last year and plans to fund the project through internal accruals.

The company has also initiated a new brownfield expansion project to enhance capacity at its Sankrail grinding unit in West Bengal.            

Ambuja Cements also holds a 27.27% stake in a 350 crore INR joint venture along with IST Steel and Lafarge India for a coal block in Maharashtra that was allotted to it by the Ministry of Coal for captive use. Ambuja Cements will invest Rs 95 crore in the project.

The company is also concentrating on securing energy resources, primarily coal, keeping in view the cost impact on the company due to the rising costs. Coal India Ltd, the largest domestic coal supplier, has substantially increased the coal prices. The availability and quality of the linkage coal are also issues of concern for the company.
 
The company has also taken up projects to increase use of alternative fuels and waste-heat recovery system. The company recently commissioned its first wind power project in Gujarat.

By: Rashmi Kalia (ARI-C NEWS)

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