Displaying items by tag: Odisha

India: JSW Cement plans to invest over US$275m towards meeting its target production capacity of 20Mt/yr by 2020. Following this achievement it intends to launch an initial public officer (IPO), according to the Economic Times newspaper. The company aims to reach its capacity target through expansions and upgrades at its existing plants.

At present the cement producer has a capacity of 12.6Mt/yr. It will add 1.8Mt/yr at Dolvi, 1.8Mt/yr at Vijayanagar, 1.2Mt/yr at Jajpur in Odisha and 1.2Mt/yr in Salboni. Following the IPO it will build new capacity in Rajasthan and Chhattisgarh.

India: JK Lakshmi improved its fuel consumption to 702kCal/kg of clinker in the October – December 2018 quarter from 705kCal/kg of clinker in the same period in 2017. Its revenue rose by 3.5% year-on-year to US$380m in the nine months to 31 December 2018 from US$368m in the same period in 2017. Its earnings before interest, taxation, depreciation and amortisation (EBITDA) fell by 8% to US$45.4m from US$49.4m. The company said that it had been ‘facing pressure’ from increased petcoke and diesel prices. It also said that a 20MW thermal power plant and its Orissa grinding plant project were on schedule and are expected to be commissioned by March 2019.

India: Chandrababu Naidu, the chief minister of Andhra Pradesh, has laid the foundation stone for Ramco Cements’ new 3.15Mt/yr integrated plant at Kalavatala, Kolimigundla Mandal in Kurnool District. The project has an investment of nearly US$210m. The plant will include a waste heat recovery (WHR) unit and a captive power plant. A 25km railway line from Samjamala has also been proposed to support the plant. Once the required statuary clearances are obtained the plant is expected to take 15 months to build.

Other new projects the cement producer has scheduled include an upgrade at its Jayanthipuram plant in Krishna District to 4.6Mt/yr from 3.1Mt/yr with a 27MW WHR unit. The project has a cost of just over US$100m and it is expected to be commissioned in March 2020. The company is also upgrading the grinding capacity of its Vizag plant to 2Mt/yr from 0.9Mt/yr. This project has an investment of around US$25m and is also expected to be commissioned in March 2020. Once these three projects are completed Ramco Cements says that it will become the largest producer in Andhra Pradesh with a production capacity of nearly 10Mt/yr.

In the east of the country Ramco Cements us building a new 0.9Mt/yr grinding plant in Odisha with a railway terminal for around US$70. This is expected to be commissioned by September 2019. In West Bengal the company is upgrading the grinding capacity at its Kolaghat plant in East Midnapore district to 2Mt/yr from 0.9Mt/yr for around US$60m. This project also includes a railway terminal and it is scheduled for commissioning in April 2019. Altogether the company plans to reach a cement production capacity of 20Mt/yr by 2020 across the country.

India: The board of directors of Sagar Cements has approved investments in new cement plants in Madhya Pradesh and Odisha. It plans to invest US$21m in Satguru Cement towards building a new 1Mt/yr plant at Indore in Madhya Pradesh. The project will also include a waste heat recovery unit. The total cost of the project is US$60m. Sagar Cements will hold a 65% equity share in Satguru Cement upon completion.

In Odisha the company has approved an investment of US$15m in Jajpur Cements in Jajpur. This project will build a new 1.5Mt/yr cement plant. The project has a total budget of US$43m. It is subject to approval by the Government of Odisha and other regulatory authorities as required.

India: Shree Cement plans to invest around US$140m towards building two grinding plants at Jharkhand and Odisha respectively. Both units will be supported by the company’s integrated plant at Chhattisgarh, according to the Press Trust of India. Each grinding plant will have a production capacity of around 2Mt/yr but this will vary depending on the type of cement produced.

The cement producer also started a new plant in Karnataka in late November 2018. It expects the site to take three years to ramp up production.

India: Jindal Steel & Power (JSP) plans to build a 2Mt/yr slag cement plant at Angul in Odisha. The US$68m unit will use ground granulated blast furnace slag sourced from a nearby steel plant operated by JSP, according to the Business Standard newspaper. A recent expansion at the steel plant to 6Mt/yr has allowed it to support a cement plant of this size. Land for the project has been acquired and the company hopes to obtain it from the state government by early 2019.

India: A joint-venture project involving the Steel Authority of India (SAIL) to build a new cement plant at Sundargarh in Odisha has stalled. Following support by local politicians for the plans in February 2017 no further action has been taken, according to the New Indian Express newspaper. SAIL originally made plans in 2006 to use blast furnace slag from the Rourkela Steel Plant and fly ash of NTPC-SAIL Power Company for the unit. It also intended pick up the lease for a limestone mine at Purunapani. However, it later ran into troubles securing state agreement to use the mine.

India: JSW Cement has started building a 1.2Mt/yr cement grinding plant at Kalinganagar Industrial Complex in the Jajpur district of Odisha. The unit will be used to produce Ordinary Portland Cement and ground granulated blast furnace slag (GGBS), according to Projects Today. The project had been on hold since 2016 due to issues with the land. The unit is expected to be operational by September 2020.

India: OCL India has held a stone-laying ceremony for its third integrated cement plant at its Rajgangpur site in Odisha. Naveen Patnaik, chief minister of Odisha state, attended the event along with the management of OCL India and its owners, Dalmia Cement (Bharat). The new unit will be known as Dalmia DSP.

The new plant will have a 2.25Mt/yr cement and 3Mt/yr clinker production capacity. Once it becomes operational it will increase production at the Rajgangpur site to 6.25Mt/yr of cement and 5.9Mt/yr of clinker.

The project has an investment of US$356m and it is expected to be commissioned by early 2020. As part of the project the cement producer also plans to build a 2.5Mt/yr cement plant with an investment of US$57m at Biswali near Cuttack.

India: Emami Group is considering an initial public offering (IPO) for its cement subsidiary, Emami Cement. The IPO is intended to generate funds for expansion, according to sources quoted by the Hindu newspaper. The company has appointed a consultant to explore public issue prospects and preliminary discussions have started with merchant bankers. The cement producer has invested over US$575m to double its production capacity to 8Mt/yr from 4.4Mt/yr in the current financial year with plants in Chhattisgarh, West Bengal, Bihar and Odisha.