Leading cement manufacturer ACC announced an investment of Rs3,300 crore by 2015 to set up three grinding units and a clinker facility.
'We will be investing around Rs3,300 crore over the next three years for setting up three grinding facilities and a clinker unit,' ACC Managing Director and Chief Executive Kuldeep Kaura said on the sidelines of the company's 76th Annual General Meeting here.
The Holcim Group Company said one grinding unit each will come up at Sindri in Jharkhand and Kharagpur in West Bengal. The third grinding plant and the clinker facility will be set up at Jamul in Chhattisgarh.
The existing clinker and grinding facilities at Jamul will be phased out, he said, adding the new clinker unit will have a capacity of 2.79 million tonne per annum ( mtpa).
'The new grinding facilities in Jharkhand and Bengal will use the clinker produced at Jamul. The expansion plan will be implemented in a phased manner and completed by 2015.'
Kaura added that 'once the plans are in place, our production will increase by 4 mtpa by 2015 from the current capacity of 30 mtpa.'
Coal supply from ACC's two blocks in Madhya Pradesh will start in the next three to four years, he said.
'This will help us achieve the additional 4 mtpa target by 2015, as the availability of expensive coal has been putting pressure on our prices.'
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'We will be investing around Rs3,300 crore over the next three years for setting up three grinding facilities and a clinker unit,' ACC Managing Director and Chief Executive Kuldeep Kaura said on the sidelines of the company's 76th Annual General Meeting here.
The Holcim Group Company said one grinding unit each will come up at Sindri in Jharkhand and Kharagpur in West Bengal. The third grinding plant and the clinker facility will be set up at Jamul in Chhattisgarh.
The existing clinker and grinding facilities at Jamul will be phased out, he said, adding the new clinker unit will have a capacity of 2.79 million tonne per annum ( mtpa).
'The new grinding facilities in Jharkhand and Bengal will use the clinker produced at Jamul. The expansion plan will be implemented in a phased manner and completed by 2015.'
Kaura added that 'once the plans are in place, our production will increase by 4 mtpa by 2015 from the current capacity of 30 mtpa.'
Coal supply from ACC's two blocks in Madhya Pradesh will start in the next three to four years, he said.
'This will help us achieve the additional 4 mtpa target by 2015, as the availability of expensive coal has been putting pressure on our prices.'
....more info