Sanghi Industries Limited (SIL), an integral part of the Sanghi Group is scouting for the development of three more captive jetties in India and two in Middle East as part of its expansion plan in next one year.
The expansion of captive jetties is in lines with the company’s plan to set up new 4.5Mt cement plant at Sanghipuram.
Vice-president (corporate & manufacturing) of the company Aditaya Sanghi said the company already has three jetties in Gujarat at Sanghipuram, Navalakhi and Dahej but the company is looking for suitable locations near Mumbai and Mangalore to cater to western and south Indian markets.
“For the overseas jetties, the company is exploring possibilities in Ras al-Khaimas in UAE, Iraq and Sri Lanka.
For the logistic support, SIL may also tie-up with local companies of the respective nations," said Sanghi.
At present SIL is exporting in 13 countries - Somalia, Spain, Saudi Arabia, Portugal, Oman, Madagascar, Jordan, Italy, Iraq, Iran, France, Ethiopia and Djibouti.
According to Alok Sanghi, director (marketing), the company is exploring greater opportunities in Italy and Spain.
The company’s turnover during the last fiscal year, 2006-07, was Rs 850 crore and exports was around worth Rs 350 crore.
Meanwhile, on Friday Chief Minister Naredra Modi laid the foundation stone for the 4.5Mta cement plant and 120MW thermal power plants at Sanghipuram.
The company would invest Rs 1,000 crore for new cement plant. The new cement plant will commence production by 2009 and SIL’s cement manufacturing capacity will enhance up to 8.3Mta.
During the function, company’s managing director Ravi Sanghi said, “By 2015, SIL plans to produce more than 20Mta of cement.
To fulfil this dream, the company is poised to expand its capabilities that will help in serving Indian, Gulf and African markets.
The first phase of the vision entails increasing the production capacity expansion at its Gujarat plants.”