Cement manufacturer NCL Industries is planning to invest Rs 150 crore for setting up a 30-MW captive power plant at its Mattapalli cement manufacturing unit in Nalgonda district of Andhra Pradesh. It aims to guarantee a regular power supply for cement manufacturing activity as power supply had become very uncertain in the State.
In addition, the Hyderabad-based company hopes to sell the surplus power that will add to its revenue. Its total power-requirement is around 23 MW. About Rs 100 crore would be mobilised through debt and balance from internal accruals.
The company sells cement under ‘Nagarjuna’ brand in Andhra Pradesh, Karnataka, Tamil Nadu, Kerala, Maharashtra and Orissa.