ACC has lined up Rs 3,600 crore investment to augment capacity to 32 million tonne (MT) by 2010 from the present capacity of 22 MT per annum.
Sumit Banerjee, managing director, ACC, said: "We would take our capacity to 32 MT per annum by 2010 entailing an investment of Rs 3,600 crore. All the investment would be done through internal accruals."
The capacity expansion of the Mumbai-based firm would be carried out at its existing plants. About Rs 1,400 crore would be invested in the expansion of its Chanda unit from one MT per annum to four MT per annum. It will also include a captive power plant of 25 Mw.
The expansion of the new Wadi plant to four MT per annum from the current one MT per annum would account for an investment of around Rs 1,500 crore.
The expansion of the company's Bargarh plant by 1.18 MT per annum would entail an investment of Rs 523 crore. The capacity augmentation of ACC's grinding units at Madukkarai and New Wadi would together require about Rs 110 crore.
Banerjee ruled out the possibility of an association with or acquisition of any cement manufacturer overseas. "There is tremendous opportunity within the country. We first want to exploit that," Banerjee said.
The company is also in the process of setting up a bulk cement terminal in Pune with a capacity of 700,000 tonne per annum. It would be later increased to one MT per annum.
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Saturday, March 8, 2008
ACC plans Rs 3,600cr expansion
Sunday, February 3, 2008
Holcim plans Rs 10,000cr capacity expansion
Aiming to exploit the burgeoning infrastructure sector, Swiss cement maker Holcim will invest around Rs 10,000 crore in the next five years to set up plants and raise capacity by 25 million tonne in the country.
The company is present in India through ACC and Ambuja Cements in which it had acquired controlling stakes.
"We aim to grow at 8-10% annually and for that, we will add 4-5 million tonne of capacity each year at an investment of $400-500 million a year. In the next five years, we will add up to 25 million tonne," Amit Kothari, Holcim Asia Pacific told PTI.
As on December 31, 2007, the company had a production capacity of 45 million tonnes through the two firms, he said.
Kothari said the company was currently working on capacity expansion at four plants - two each of ACC and Ambuja.
The company is not planning to do any acquisitions in the country. "No acquisition at the moment. If there is an opportunity, we will definitely look at it. But right now, we are hands full with ACC and Ambuja," Kothari said.
The company is not planning to bring the Holcim brand to India.
Holcim had a global sale worth around $20 billion and to which India contributed around $2-2.5 billion, Kothari said.
The company has 24 plants in the country and enjoys a market share of about 23-25%. Holcim has manufacturing facilities in 70 countries with a capacity of over 200 million tonne.
Thursday, January 31, 2008
Results Update - 31/01/2008 - Part 2
IOC Q3 net up 17% to Rs 2,091cr
Indian Oil Corporation today announced a 16.70% rise in net profit at Rs 2,090.69 crore for the quarter ended December 31, 2007 when compared with Rs 1,791.37 crore in Q3FY07.
According to a release issued to the Bombay Stock Exchange, total income increased to Rs 65,404.84 crore for the quarter ended December 31, 2007 from Rs 56,438.16 crore for the quarter ended December 31, 2006.
Unitech Q3 net up 39% at Rs 526cr
Real estate firm Unitech today reported a 39% increase in consolidated net profit at Rs 525.78 crore for the third quarter ended December 31, 2007 when compared with Rs 377.84 crore in Q3FY07.
Total income of the group during the quarter under review was Rs 1,165.11 crore, up 19% from the corresponding period last fiscal, the company said in a release today.
ACC FY07 net up 15% at Rs 1,427cr
ACC today announced a 15.14% increase in net profit at Rs 1,427.34 crore for the year ended December 31, 2007 when compared with Rs 1,239.60 crore for the year ended December 31, 2006.
According to a release issued to the BSE, total income increased to Rs 7,189.43 crore in FY07 from Rs 5,984.56 crore in FY06.
The company, on a standalone basis, reported a net profit of Rs 1,438.59 crore in FY07 as against Rs 1,231.84 crore in FY06. Total income increased to Rs 7,135.97 crore from Rs 5,945.13 crore in FY06.
The board today approved a final dividend of Rs 10 per share for FY07.
Along with the interim dividend of Rs 10 per share paid earlier, the total dividend for FY07 is Rs 20, the release added.
Uttam Galva Steels Q3 net up 29%
Uttam Galva Steels has recorded a net profit of Rs 29.15 crore in the quarter ended December 31, 2007, an increase of 29% over the same period last year.
Net sales for the quarter touched Rs 582.69 crore, up 12%.
For the nine months (April-December 2007), net profit stood at Rs 93.39 crore, up 14%.
Ankit Miglani, director (commercial), Uttam Galva Steels, said focus on value-addition combined with operational efficiencies contributed to a healthy bottomline.
“With the completion of our expansion plans in their final stages, we will be better equipped not only to fulfill diverse customer needs in the domestic market but also further consolidate our presence in the global markets in the quarters ahead,” he said.
The company has crossed exports of two million tonne of value added steel. In the last one year, Uttam Galva has increased its exposure to the export markets from 120-135 countries. The company has entered into an agreement with Ispat Industries to buy five lakh tonne of hot rolled (HR) coils per annum making it the sole domestic supplier of HR coils to Uttam.
