Business Standard

JSW Cement to double production by March

The co also has a 0.70 mtpa grinding facility at Vijayanagar in Bellary district of Karnataka, adjacent to JSW Steel Plant.

Itishree Samal  |  Hyderabad 

JSW Cement Limited, the cement arm of and a new entrant in the Indian cement industry, is looking at doubling its cement capacity to 400,000 tone per month by 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 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 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 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.

RECOMMENDED FOR YOU

JSW Cement to double production by March

The co also has a 0.70 mtpa grinding facility at Vijayanagar in Bellary district of Karnataka, adjacent to JSW Steel Plant.

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.

JSW Cement Limited, the cement arm of and a new entrant in the Indian cement industry, is looking at doubling its cement capacity to 400,000 tone per month by 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 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 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 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.

image
Business Standard
177 22

JSW Cement to double production by March

The co also has a 0.70 mtpa grinding facility at Vijayanagar in Bellary district of Karnataka, adjacent to JSW Steel Plant.

JSW Cement Limited, the cement arm of and a new entrant in the Indian cement industry, is looking at doubling its cement capacity to 400,000 tone per month by 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 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 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 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.

image
Business Standard
177 22

Upgrade To Premium Services

Welcome User

Business Standard is happy to inform you of the launch of "Business Standard Premium Services"

As a premium subscriber you get an across device unfettered access to a range of services which include:

  • Access Exclusive content - articles, features & opinion pieces
  • Weekly Industry/Genre specific newsletters - Choose multiple industries/genres
  • Access to 17 plus years of content archives
  • Set Stock price alerts for your portfolio and watch list and get them delivered to your e-mail box
  • End of day news alerts on 5 companies (via email)
  • NEW: Get seamless access to WSJ.com at a great price. No additional sign-up required.
 

Premium Services

In Partnership with

 

Dear Guest,

 

Welcome to the premium services of Business Standard brought to you courtesy FIS.
Kindly visit the Manage my subscription page to discover the benefits of this programme.

Enjoy Reading!
Team Business Standard