Heavy engineering and manufacturing firm Promac Engineering Industries has bagged three export orders valued at more than $220 million, a top company official said here today.
Chairman and Managing Director of the city-based Promac, in which mid-market-focused private equity firm Tano Capital holds 20% stake, J Surendra Reddy said these include setting up two cement plants -- one in Fujairah, the UAE and another in Tanzania.
The third order is to build Balance of Plant (BOP) for a 125 MW thermal power plant in Senegal, he told reporters here.
He said the one million ton per annum capacity dual plant being set up for J K Cements in Fujairah on EPC (Engineering, Procurement and Construction) contract basis is capable of producing both white and grey cement in the same kiln.
"In fact, this is the first time such a unique plant producing dual type of cements is being produced in the world," he said.
Promac, which has a collaboration with Japanese cement producer Taiheiyo Engineering Corporation (TEC), is shortly commissioning a one million ton per annum capacity grey cement plant in Andhra Pradesh's Ananthpur district, set up at a cost of Rs 175 crore, Reddy said.
"To meet the growing orders, we are setting up a new manufacturing facility close to our existing set up on a 12-acre plot alloted by Karnataka Industrial Area Development Board in Harohalli Industrial Area", he said.
Promac also has technology tie-ups with Poland-based Famak SA and South Africa's Specialised Handling & Engineering (Pty) Ltd for thermal power plant equipment such as stacker-cum-reclaimer and wagon tipplers.
