Cement major ACC is set to ramp up its captive power capacity to over 300mW by the second half of the current year from the present 255mW. The company is adding captive power capacities at its Lakheri and Tymore facilities.
"As part of the Rs 690 crore capital expenditure plan for the year, the company will set up a 25mW thermal captive power plant in Lakheri in Rajasthan. Moreover, a 25 mw turbine will be set up at Kymore Cement Works in Madhya Pradesh," said NH Italia, president, finance.
The expansion in Lakheri, worth Rs 400 crore, includes increasing cement production capacity by a 1Mt to 1.6Mta. The Kymore facility in Madhya Pradesh has a 1.7Mt production capacity and already has a 43mW captive power plant.
Almost 85 per cent of ACC’s power requirements are met by its captive power plants. One of its major facilities which source power from outside is the 4Mta Gagal cement plant in Himachal Pradesh.
Another cement player UltraTech Cement, an Aditya Birla group company, has also announced an investment of Rs 270 crore to increase captive thermal power capacity. The 50 mw addition at its Hirmi Cement Works in Chattisgarh, will take UltraTech’s total captive power capacity to about 200 mw in another two years.