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.
With an aim to boost development of roads and highways, the government has invited lowest bids for raw materials. The tender will be open to both private and public sector companies. A total of six companies have submitted their quotes of Rs 160 per bag of 50 kg - the price of which is half the market price of Rs 300-350.
Owing to the large presence of limestone, Gulbarga is looking forward to a boost in the cement sector. With an upcoming investment of Rs 39,820.73 crore, 16 companies are expected to set up 32 units. The cement demand is expected to reach 20 million tonne in 2015-16 in Karnataka.
Tamil Nadu Newsprint and Papers Ltd (TNPL) is planning to expand its cement production capacity from the present 600 mn tonne to 900 mn tonne per day with a capital outlay of Rs 30 crore. The project is expected to be completed by December 2015.
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.
Zuari Cement has recently launched ´Prazna´- a skill development and self-employment drive for the youth - as a part of its CSR initiative. Prazna will promote skill enhancement activities among rural youth in order to make financially independent. Phase-I of the initiative will train 40 youths from villages adjacent to the Zuari Cement Sitapuram unit.
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
With an aim to expand its Tehsil Nimbahera cement works, Wonder Cement has ordered raw meal and coal mills from Gebr Pfeiffer. A total of 8,500 tpd kiln line will be supplied to the company-Æs plant at Chittorgarh in Rajasthan. The MPS 5600 B along with a capacity of 650 tph of raw meal and 1.5 per cent fineness of the residue will be equipped with a drive of 5,600 KW.
Eyeing the growing cement market in Bihar, Reliance Cement Company (RCC) has launched Reliance Cement in the state. The company will be the first player in the cement industry to have a unique QR code printed on its cement bags. Smart phone users will be able to scan this code to get more information on the product features and quality assurance.