India: HeidelbergCement India is targeting expansion options to increase its production capacity to 20Mt/yr from 12.5Mt/yr. Managing director Jamshed Cooper said that the company is looking at companies in the range of 5 – 10Mt/yr in order to avoid the National Company Law Tribunal (NCLT) process, according to the Indo-Asian News Service. The cement producer is also planning to build a 22MW waste heat recovery unit at its Zuari plant in Yerraguntla, Andhra Pradesh at a cost of US$28m. Debottlenecking initiatives are also being conducted at a cost of US$7m to increase overall production capacity by 0.5Mt/yr when completed in 2021.
The group operates two subsidiaries locally: HeidelbergCement India and Zuari Cement. HeidelbergCement India serves the central markets and Zuari Cement, a former Italcementi subsidiary, focuses on the south of the country.