India Cements banks on Indonesian coal mine

India Cements plans to import coal from its mines in Indonesia by the fourth quarter of the current year to feed the company’s 50 MW captive project that is set up in Tamil Nadu.The overseas mines and captive power projects will help insulate the company from price and availability fluctuations of coal and power, the two key inputs for cement production. Similar control on costs have contributed to the company bucking the trend in the first quarter of the current year to report a net profit of Rs 102 crore, which was well over the net profit of Rs 68 crore for the whole of 2010-11.Contact: The India Cements.Tel: 044-2852 1526.E-mail: corporate@india cements.co.inWebsite: www.indiacements.co.in