The 5-year analysis of Sanghi Industries Ltd's performance infers:
We analysed the performance of Sanghi Industries Ltd share prices over the last 10 years. Here is what we found out:
Sanghi Industries Limited, formerly known as Sanghi Leathers Pvt. Ltd, a Sanghi group company was formed in the year 1985. The company was initially established with the aim of manufacturing PVC foam leather cloth. Thereafter, it had extended its production process to items like PVC self adhesive tapes, tarpaulins, and cements. Now it is Indiaâ€™s largest single steam cement plant.
The product line of the company comprises BOPP self adhesive tapes & PVC insulation
The product line of the company comprises BOPP self adhesive tapes & PVC insulation tapes, hard leather, tarpaulins, stock labels and rigid PVC sheeting. Its product line includes chlorides, sulphuric anhydride and magnesia It also offers clinker and cement products.
The Sanghi Group is promoted by Shri Anand Prakash Sanghi and his brothers Shri Sudhir Sanghi, Shri Ravi Sanghi, Shri Girish Sanghi. The Group started its operations with its core competency in textiles and textile related activities and later diversified into Publications (Telugu & Hindi Daily Paper) plastics and leather, manufacturing wide range of leather and plastic products. Further, expanding its horizon the group entered into cement production with its plant located in Kutch of Gujarat.
Sanghi Industries Limited has setup a 3.3 MTPA cement plant with the most modern and state-of-the-art technology from Fuller International, USA at Village Motiber, Taluka, Abdasa in Kutch District, of Gujarat in India, having captive mines of raw materials which are equipped and operated with the best available state of art, safe and eco-friendly technology.
The company is well known for its concern to control the generation and liberation of fugitive dust at various sources in the mines and cement plant for the protection of environment by adoption of scientific measures. The adoption of surface miner for limestone mining, bag filters at all potential dust emission points and reverse air bag filter for raw mill and kiln gases, ESPâ€™s are example of consciousness and commitment of the company towards the implementation of best available technological means. We are producing high quality clinker to manufacture superior quality of 53 grade portland cement from the very first date of commissioning the plant. We are maintaining high C3S in clinker with values exceeding 55%.
A choice to use lignite as 100% fuel was made due to economic reasons and process capabilities of Sanghi Industries Ltd though the plant supplier recommended the usage of lignite partly along with coal. The company is the first in India to use 100% lignite as fuel. High surface moisture content in lignite as run of mines was countered by sun-drying of lignite up to a level of 20% total moisture. Inertisation system in the process of grinding and storage of lignite was used to avoid fire hazards. Also strictly maintain 9% oxygen level in lignite mill circuit. The generation of carbon monoxide is strictly controlled through effective control of pyro section as gases for lignite mill operation is being taken through preheater. Various auto purging points identified for the purging of inert gas the system whenever any abnormality observed. It is in practice to purge raw mix powder into the mill at the time of starting and stopping of lignite mill.
Highlights of plant