India Cements to invest Rs 75 crore in Shankar Nagar facility in Tamil Nadu

27 Jun 2014 Evaluate

In a bid to improve product quality and energy efficiency measures, India Cements is planning to invest around Rs 75 crore in its Shankar Nagar facility in Tamil Nadu. Moreover, the company would start associated works once it receives the environment clearance and it could take 15 months to complete them.

The works include replacing old cement mills to improve the quality of cement and reduce power consumption. As against a capacity of 1.3 million tonnes per annum (mtpa) in 1989, over the last two decades it expanded its total capacity to 15.5 mtpa.

The company has seven integrated cement plants located in Tamil Nadu and Andhra Pradesh; one in Rajasthan (through its subsidiary Trinetra Cement with a capacity of 1.5 mtpa) and two grinding units each in TN and Maharashtra. Its overall plant capacity utilisation stood at around 70 per cent.

India Cements is largest manufacturer of cement in South India. India Cements owns 28% of the market share and is leader in south India. The cement manufacturer aims 35% market share. It has distribution network of 10,000 stockists.

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