India’s growth potential boosts cement outlook
Indian infrastructure is poised for huge growth in the coming decade particularly with the 12th–Five year Plan and new investments in the nation’s cement sector now includes:
Madras Cements Ltd is planning to invest US$178.4m to increase the manufacturing capacity of its Ariyalur plant in Tamil Nadu to 4.5Mt from 2.0Mt by April 2011.
Surya Group plans to invest US$873.3m in a new 5Mta cement plan to be set up in Gujarat.
My Home Industries Limited (MHI), a 50:50 joint venture (JV) between the Hyderabad-based My Home Group and Ireland’s building material major CRH, plans to scale up its cement production capacity from the existing 5Mta to 15Mta by 2016 at a cost of US$1.0bn.
Shree Cement, plans to invest US$ 97.13m this year to set up a 1.5Mta clinker and grinding unit in Rajasthan. Moreover, in June 2010, Shree Cement signed a memorandum with the regional Karnataka government to invest US$423.6m for setting up a cement unit and a power plant with an annual capacity of 3mta while the balance will be for the 100 mega watt power plant.
Jaiprakash Associates plans to invest US$640m to increase its cement capacity.
Holcim plans to invest US$1bn in setting up 2-3 greenfield manufacturing plants in the country in the next five years.
Published under Cement News
