Coal news and updates

Cement maker Burnpur Cement plans to invest Rs.500 crore for expansion of its production capacity to 3 million tonnes per annum (mtpa) in the next 3¬4 years, a company official said on Wednesday.

 

"Presently, our installed capacity stands at 0.6 mtpa and we are planning to enhance the capacity to 3 mtpa (million tonne per annum) in the coming 3¬4 years," the company's vice chairman and managing director Ashok Gutgutia said. He said the investment for capacity expansion would be around Rs.500 crores which will be spent in the next 3¬4 years. 

 

The cement producer has two plants, one in Asansol in West Bengal and the other in Patratu district in Jharkhand. Each plant has 0.3 mtpa installed capacity. The company also aims to increase its sales revenue to Rs.250 crore in the next year from Rs.100 crore in the last fiscal. The cement producer plans to build a 2 mtpa greenfield plant in West Bengal. "For which, we are in a process of procuring 100 acres of land. The location for the greenfield project is not yet finalised, it may be in Bankura or Purulia district," he said. The company has already bagged two limestone mines through auction mode. "In addition, we plan to bag 5¬6 limestone mines. We are planning to increase the capacity of our Jharkhand plant to 1 mtpa having raw materials reserve for minimum 50 years," he said.

Source: Economic Times