JSW Cement Limited, the cement arm of JSW Group and a new entrant in the Indian cement industry, is looking at doubling its cement production capacity to 400,000 tone per month by March 2013.
The company has a grinding facility at Nandyal in Andhra Pradesh with installed capacity of 4.8 million ton per annum (mtpa), of which, only 50 per cent of the capacity is being utilised.
"Currently, we are producing only two lakh tonnes per month, and we expect to double our production by utilising our full capacity at Nandyal plant by March," RC Sodani, director and chief executive officer of JSW Cement, said addressing the media here.
In addition to the Nandyal plant, JSW Cements also has a 0.70 mtpa grinding facility at Vijayanagar in Bellary district of Karnataka, adjacent to JSW Steel Plant.
It is planning to set up another 0.70 mtpa facility in Bellary at the steel complex with an investment of Rs 350 crore and a 4.3 mtpa facility at Gulbarga with a proposed investment of Rs 1,500 crore, Sodani said.
"We are currently in advance stage of negotiation with equipment suppliers for the Bellary plant. The plant may take 18 months to come into operation once we finalise the suppliers," he said adding that the company was awaiting the approval of clearances for the Gulbarga plant.
"It may take around 1.5 years to get the approvals," he said.
Targets Rs 2,200 crore turnover for next fiscal
JSW Cements is targeting a Rs 2,200-crore turnover for the financial year 2013-14 once its total installed capacity goes on stream by March next year.
"Last year, we had recorded Rs 1,200 crore turnover. Seeing the growing demand and the rising infrastructure projects, the outlook is positive for next year," Sodani said.