India Cements seeks mine lease

India Cements seeks mine lease
Published: 10 May 2010

India Cement is seeking mining leases in Madhya Pradesh, Chattisgarh and Rajasthan to meet coal requirements as it looks to expand beyond the south.

The company expects to raise capacity to over 20Mt in the next four years from its present capacity of 13.4Mt, according to TS Ragupathy, executive president. “As our next five year plan, we are looking at increasing capacity in line with the industry expansion. We are possibly looking at more than 20Mt in the next 3-4 years.”

Installed capacity will increase to 14Mt once its Chilamkur plant in Andhra Pradesh’s Cudapah district achieves full capacity. The 1.5Mt plant in Rajasthan, which is being established through its Indo Zinc subsidiary, is also expected to go on-stream in July.

Source: DNA – Daily News Analysis