India’s growth potential boosts cement outlook

India’s growth potential boosts cement outlook
Published: 25 November 2010

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.