Chettinad Cement Corporation Ltd - Stock Valuation and Financial Performance

Chettinad Cement Corporation Limited was incorporated in 1962 by Dr Rajah Sir Muthiah Chettiar to cater to growing demands of cement in the country. The Chettinad Group company is engaged in production of cement, fused silca, silica and purity quartz grits.

The manufacturing unit of the company is located at Puliyur, Karur an Industrially backward area in Tamil Nadu that commenced production in April 1968. Further, a greenfiled plant at Karikkali, Dindigul District was commissioned in October 2001. From a modest beginning of 2 lakh tonnes capacity per annum, it was gradually increased to 2.2 million tonnes in the year 2001.

Presently both the plants employ the modern dry process technology. It has most advanced, sophisticated, computer controlled state-of-the-art LOESCHE MILL for Grinding Raw Meal, LOESCHE lignite mill (First of its kind in India), a five stage pre-heater Kiln & Electronic packing plant. Equipped with centralised control room for process control, the advanced instrumentation with Expert system (Link Man) and elaborate display screen give up-to-the minute information on the production process so that any deviation can be promptly corrected.

Limestone is sourced from our mines at Palayam which is located 40 km from the factory. The mined limestone is then crushed through primary and secondary crusher. The crushed limestone is then transported to the factory on its own metre gauge track. The company added another feather to its cap by installing and commissioning a giant, sophisticated, high-tech and power efficient O & K cement mill resulting in a quantum leap in production to touch One Million Tonne mark.

Product range Cement

• Pavithram - An unique cement manufactured at Puliyur works having very high quality for special concrete applications
• Chettinad Royal Grade 53 - Superior finely ground cement, suitable for plastering works, giving a silky finished look. For RCC applications Laser controlled manufacturing would yield best results.
• Chettinad Grade 43 - Multipurpose cement, suitable for plastering and binding.
• Chettinad PPC - A finely blended cement, providing very fine result for plastering work, devoid of hair line cracks and giving excellent appearance to the building.
• Sulphur Resistant Cement - Finds applications in the construction activity in the coastal areas to save from corrosiveness due to salty environment.

Chettinad Quartz Products Pvt. Ltd., is a 100% Export Oriented Unit. Its a leading Quartz Mine Owner, Manufacturer and Exporter of vide range of Fused Silica Products. It manufacture Fused Silica with In-house research and dedicated state of the art technology. The company has vast quartz resources to its credit, which can cater to the manufacturing needs for another twenty years.

In addition, it manufacture various sizes of cullets, grains of any size fraction and High Purity Fused Silica for specialised area of applications.

The fused silica products possess a unique characteristic combination of excellent thermal, optical and mechanical properties along with best chemical stability, high thermal shock and insulation resistance used mainly for demanding applications. The high purity s with minimum contamination levels add to the glory of the product.

Chettinad MB-F Hi Silica Limited -- A Joint Venture company with Morimura Brothers, Japan and Fukushima Yoghyo also of Japan, was established in 1991, started its manufacturing activity in 1993. The plant is located 25 km from Chennai, India. It is a 100% Export Oriented Unit, equipped with dedicated manufacturing lines having the latest Japanese Technology to produce High Purity Silica Powder exceptionally for the Electronic Industry.

The company belongs to Chettinad Group of Companies. The business group had ventured & diversified in varying fields including Manufacturing (Cement, Silica, Quartz, Grits), Services (Construction, Transports, Steel Fabrication, Ship Management and Stevedoring, Clearing & Forwarding) Trading, Power Generation, Plantation, Farms, Logistics, Education, Sports Management, Literature, Art and Music.

Milestones achieved

• 1967 4 lakh tonnes per annum cement production capacity with wet process
• 1989 Dry process kiln of 1700 TPD commissioned with vertical roller mill for fuel & limestone grinding.
• 1990 2 Nos. of KVA Capacity WARTSILA DG set installed.
• 1994-96 66 Nos. of wind electric Generator of total capacity 17.3 Mw installed at Poolavadi Udumaplet Taluk.
• 1995 ISO – 9002 certificate received.
• 1996 Stacker & Reclaimer for Limestone.
• 1996-97 Belt Elevator for Raw mill and Kiln feed installed.
• 1997 A) Impact Crusher for lime stone crushing at mines installed.B) Bag filter for coal mill grinding system.
• 1998 Vertical roller mill for cement grinding installed.Additional ESP installed for Klin / Raw mill to handle excess process gases.
• 2000-A) CIS / CFG Cooler installed.Low pressure Cyclone installed.Latest Technology LV- Tech Classifier installed in Raw millKiln capacity increased to 2800 TPD.B) Green field Cement Plant with capacity of 1.1 Million was commissioned at Karikkali works.
• 2001 Rock breaker ( Terminator ) installed in mines. 2003 ISO 14000:1996 is under implementation . 2004 Environmnet Management Service Certificate option. 2004 Fly Ash Silo construction work 5,000MT Capacity started 2005 Fly Ash Silo construction work completed.

Awards/Achievements

• Bureau of Indian Standards has granted Environmental Management System Certification Licence (Licence no:EMSC/L-6000230) as per IS/ISO 14001 : 1996 for Chettinad Cement Corporation Limited., Puliyur Cement Factory.
• The National Productivity Council of India Awards for the best productivityperformance in cement industry in the years 1986-87 and 1995-96
• National Safety Awards for Best Improvement in Electrical Energy Performance for1995-96. Second Best Improvement in Electrical Energy performance for 95-96: NCCBM Award for Second Best Improvement in Energy performance in manufactureof Blended cements for the year 1998-99,
• NCCBM Awards for Best improvement in Energy performance in manufacture ofBlended Cements for the year 1999-2000.
• National Productivity Council awards for the second best Electrical Energy for theyear 1999-2000
• Ministry of power, Govt. of India for second best in energy conservation for the year2000-2001
•  NCCBM Awards for Best improvement thermal energy for the year 2000-2001
• NCCBM Awards for Best performance in the manufacture of Blended Cement for theyear 2000-2001
• Seethai Nagar Limestone has bagged continuously the best mine in Tamil Nadu forpast 10 years.
• The plant has bagged first prizes for minimum accidents occurred , longest accident free period, high reduction in percentage of accident occurred during 2001.

Future plan

With growing demand for cement within India and South East Asian countries, Chettinad Cement is all set for expansion. It had decided to expand its horizons by starting another green field cement plant of 0.9 million tonnes capacity per annum with an estimated cost of about Rs 350 crore.