India Cements
Hindalco Industries is the largest producer of cement in South India.[1]
Coal power projects
India Cements is currently building the Banswara Cement power station, a 20MW unit, to supply power to the Banswara Cement plant in Rajasthan.[2]
India Cements has also been reported as having bought a coal mine in Indonesia for $20 million. The mine is expected to go onstream by January 2012. "The coal mine acquisition is a strategic decision, it will reduce our exposure to the fluctuating coal price internationally," said N Srinivasan, vice chairman and managing director, India Cements told the Business Standard. Approximately half of the company's coal demand is currently imported.[3]
It was also reported that India Cements are "in the process of setting up a 50 Megawatt power plant near Tirunelveli in Tamil Nadu."[3]
Contact details
Coromandel Towers,
93, Santhome High Road,
Karpagam Avenue, R.A.Puram,
Chennai 600028.
Phone: 044 28521526
Website: http://www.indiacements.co.in/
Resources and articles
Related GEM.wiki articles
References
- ↑ India Cements, "Company Profile", India Cements website, accessed November 2011.
- ↑ T E Narasimhan, "Trinetra to allot Rs 615 cr shares to India Cements", Business Standard, November 11, 2011.
- ↑ 3.0 3.1 "India Cements captive mine to be ready by Jan", Business Standard, November 16, 2011.
