Kesoram Industries to invest Rs.1,125 crore
July 1st, 2010 - 5:36 pm ICT by IANSKolkata, July 1 (IANS) Kesoram Industries, the flagship company of B.K. Birla Group, would invest Rs.1,125 crore to raise its cement production capacity and set up a captive power plant, Chairman B.K. Birla said here Thursday.
The board of the company approved proposals to increase its Karnataka cement plant’s clinker capacity by 1.7 million tonne per annum and set up a 18 MW captive power plant at the Vasavadatta Cement section in the state and a 2.50 million tonne cement grinding plant in Sholapur, Maharashtra, at a cost of Rs.925 crore.
To save on energy cost, the board also approved waste heat recovery plant to generate power at a cost of Rs.200 crore at all the units of Vasavadatta Cement.
“The commercial production of clinker, cement and generation of power by waste heat recovery are expected to commence by September 2012,” Birla said, addressing shareholders at the annual general meeting.
The company, which is also present in tyre and chemicals sectors, has an installed cement capacity of 7.25 million tonne taking together its Karnataka and Andhra Pradesh plants.
The board has also approved further expansion of capacity to produce truck/bus radial tyres by 85 tonne a day at Haridwar and passenger car radial tyres by 80 tonne per day at Balasore, Orissa, involving capital outlay of Rs.350 crore and Rs.450 crore respectively.
The commercial productions in both the projects are likely to commence by March 2011.
“Total capacity would reach 988 tonnes a day after the completion of the projects following which we will be able to cater to all segments of the tyre industry,” Birla said.
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- Kesoram plans to invest Rs.2,000 crore in 15 months (Lead) - Jun 26, 2009
- Birla Corp Q1 net profit down at Rs.118.28 crore - Jul 21, 2010
- 'Kumar Mangalam will take charge of Kesoram when required' - Jul 05, 2011
- Daimler India's Bharat Benz trucks to roll on JK Tyres - Feb 06, 2012
- Birla Corp posts Rs.137.50 crore net profit in Q4 - Apr 22, 2010
- Birla Corp eyes 3 percent rise in cement sales - Oct 24, 2011
- Karunanidhi to inaugurate Tamil Nadu Newsprint's new projects - Jan 18, 2011
- Birla Corporation posts Rs.68.97 crore Q2 net profit - Oct 26, 2010
- Tamil Nadu Newsprint's expansion goes on stream - Jan 19, 2011
- Birla Corp to spend Rs.2,400 cr on expansion - Jun 23, 2010
- Michelin to roll out radial truck tyres in 2012 - Jul 06, 2011
- JK Group to invest Rs.1,300 crore in power sector foray - Apr 19, 2011
- Birla Corp to set up cement plant in Assam - Jan 13, 2011
- Birla expects 10 mn tonnes cement capacity in two years - May 07, 2009
Tags: annual general meeting, balasore, birla group, capital outlay, captive power plant, cement plant, cement production, clinker, crore, energy cost, flagship company, haridwar, kesoram industries, passenger car, radial tyres, rs 200, truck bus, tyre industry, vasavadatta cement, waste heat recovery