• Investment World
• eWorld
• Brand Line
• Mentor
• Life
• Brand Quest
• The New Manager
• BL Club
• Smartbuy
• Books

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Cross Currency

• Rates
  
  

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources
• In Focus
• In Depth
• Events 2007

Group Sites

• The Hindu
• The Hindu ePaper
• Business Line
• Business Line ePaper
• Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

Our Bureau

Kolkata, May 10 Birla Corporation has planned further capacity additions, including enhancement of power generation capacity, and acquisition of a new mining lease.

According to a company release, the company is setting up a 1.2 million tonnes per annum (mtpa) plant at Chanderia in Rajasthan, along with a waste heat recovery system and 30-MW captive power unit. These are in addition to the ongoing expansion project, which would be completed in March 2010.

It has also announced increasing the cement grinding capacity at its Durgapur plant in West Bengal by six lakh tonnes per annum (tpa). Further, it has planned to install a coal washery and a 30-MW thermal power plant at Satna in Madhya Pradesh and replacement of the old cement mill with a new one at the same site at Satna. It is slated to increase the total grinding capacity at Satna to 2.25 mtpa.

The note said the projects would be completed in two years, but did not mention the investment figure.

The company also plans to set up a cement plant with an annual capacity of up to three mtpa at Satna with an investment of Rs 1,200 crore. However, the project has hit a legal roadblock, the release said.

Some parties in the High Court and Tribunal have challenged the Madhya Pradesh Government’s recommendation to the Union Ministry of Mines for allotment of mining lease for 2,130 hectares in Satna district to Talavadi Cements Ltd, a subsidiary of the company.

The company said that the expansion plan taken up earlier at the Chanderia cement plant was completed in April 2009 and clinker capacity there has gone up from 3,450 tonnes per day (tpd) to 4,050 tpd.

The second phase of ongoing expansion at the Satna plant is likely to be completed by March 2010, which would take the plant’s total clinker production capacity up by 2,200 tpd to 9,600 tpd, the release said. The total cement capacity of the company after the completion of the second phase would go up to 7.5 mtpa.

The company has recommended a dividend of Rs 4.5 per share or 45 per cent for 2008-09. In the fourth quarter of 2008, it recorded a turnover of Rs 630.16 crore (Rs 563.14 crore) and net profit of Rs 90.61 crore (Rs 86.56 crore).

More Stories on : New Projects | Cement

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Copyright © 2009, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line