Ramco Cement plans to set up a cement plant in the Kurnool district of Andhra Pradesh. Aiming to invest Rs 3,000 crore, the company will also invest in building a 20-km railway line to facilitate connectivity. Its new facility in Visakhapatnam will also be commissioned by October 15, 2014.
Birla HomeTech plans to set up a cement factory in the Kurnool district of Andhra Pradesh (AP). For this the plants has received an assurance from the state government to provide resources. The south-eastern Indian state is rich in minerals and the output from the cement plant has potential to be used by the government for infrastructure projects.
Sagar Cements has plans to buy the cement business of Bangaluru-based BMM Ispat Group.The deal, with an enterprise value of about Rs 500 crore, is likely to be sealed soon. The valuation per tonne is expected to be around $80-$85. Once the deal is closed, Sagar´s capacity will increase from 2.75 mn tonne to 3.75 mn tonne as BMM has a 1 mn tonne cement
Contract value: Rs 230 crore Particulars: Civil and electrical works OM Metals Infraprojects has received a contract in JV with SPML Infra from Sardar Sarovar Narmada Nigam. The order is for designing, engineering, manufacturing, supplying and commissioning all civil, mechanical and electrical works on the Kutchh branch canal in Gujarat.
Work on the Srinagar integrated township project at Andhra Pradesh is likely to begin by the end of this year following the approval of the Detailed Project Report (DPR) by Hyderabad Metropolitan Development Authority (HMDA).
Demand for cement fell by 0.68 per cent during the April-June quarter compared with the corresponding period last fiscal as political crisis in large consumer states held up infrastructure and realty projects.
A sharp fall in the government demand for cement in Andhra Pradesh over the last one year has hit the cement industry hard. The government demand, at about 4-5 lakh tonne a month, earlier was nearly 25 per cent of the total demand in the state.
The Andhra Pradesh Government plans to implement high voltage distribution system with an estimated expenditure of around Rs 1,154 crore. Implemented in five years, this system is expected to bring down energy losses from an estimated 25 per cent to 10 per cent.