ACC in coal venture as input costs rise
ACC Ltd is developing coal blocks in joint ventures with state governments to secure raw materials for its plants, a senior executive said Wednesday.
"There has been a lot of burden on the Indian cement industry due to the rise of coal prices, [as the fuel] comprises almost 25%-30% of the cost of production," the chief executive of the Indian unit of Holcim told reporters on the sidelines of an event.
Kuldip Kaura added that while coal will remain the dominant fuel to run its plants, the company is also focused on developing alternative sources of energy, such as biological and industrial waste to supplement energy from its coal-based power plants.
A recent supply crunch with India’s largest coal producer, Coal India Ltd, had affected production of steel and cement factories, along with power plants.
Published under Cement News
