Karnataka Cement Corridor

[engineer.akash]

Cabinet approves Rajashree Cement expansion proposal

Gives consent for six accelerated irrigation schemes worth Rs 52 cr

Bangalore, Sept.8:

The Karnataka Cabinet has cleared Rajashree Cement's request to acquire 24 acres of land for its expansion in Gulbarga district.
The company, in its application to the Government, had requested additional land for expansion of its cement manufacturing unit from 4.20 mtpa to 8.45 mtpa.

The Cabinet, while clearing the proposal, has told the company to buy the land at the market rate and that the Government would not interfere in land acquisition.

The State Government has decided to extend by one year the one time settlement for the repayment of loan by waiving interest and compound interest on the loans availed by the small scale industry entrepreneurs from the State-owned Karnataka State Finance Corporation (KSFC). The scheme had expired in March this year.

The said move is likely to benefit the Small Scale Industries (SSIs) entrepreneurs who had availed loan up to Rs 10 lakh from the KSFC. Many SSI accounts were under NPA due to claims, counter-claims and litigations. The State Government, on the advice of President of India, is to include Wakfs lands in the proposed ordinance to prevent land encroachment.

The Cabinet gave its approval and is likely to be sent to Governor for his approval to include Wakfs lands and also impose stiff penalty and criminal procedures against land grabbers. The Cabinet also gave its consent for Rs 52 crore six accelerated irrigation schemes to be funded by the Central Government.

The Hindu

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Dalmia Cement is set to start work soon on its proposed cement plants in Karnataka and Meghalaya.

Dalmia Cement to kick off expansion initiatives soon

Dalmia Cement is set to start work soon on its proposed cement plants in Karnataka and Meghalaya.

Mr T. Venkatesan, who recently took over as Deputy Managing Director, Dalmia Cement (Bharat) Ltd, said the company's expansion plans, which had been going slow till recently, are set to pick up pace.

Mr Venkatesan said the company will set up two plants in Belgaum and Gulbarga. Typically, Dalmia Cement envisages an initial capacity of about 2.5 million tonnes year for cement plants.The plants will be operational “two years from today,” he said.

[engineer.akash]

Bharathi Cement to double turnover by 2013

MUMBAI:Bharathi Cement, the fully-owned domestic unit of the French cement firm Vicat Group, today said it is eyeing to double the turnover to Rs 2,000 crore by 2013 when its plant at Gulbarga in Karnataka will go on stream and double the capacity by 2016 to 10.5 million tonne.

"Our turnover from the existing two plants at Kadapa in Andhra Pradesh in 2011 is expected to be over Rs 1,000 crore. We are targeting Rs 2,000 crore turnover after the completion of our Rs 1,400-crore plant at Gulbarga in Karnataka," Bharathi Cement Marketing Director M Ravinder Reddy told reporters here.

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DC inspects land for cement firm in Padubidri

Padubidri, Feb 3,2012, DHNS:
The district administration under the leadership of Deputy Commissioner Dr M T Reju inspected areas in Padebettu and Ellur for the proposed ACC cement factory.

The factory will come up in 126 acre land in the land identified for NTPC housing colony, government land and private land in Padebettu and Ellur. About 57 acres government land, 41 acres NTPC land and 28 acres private land including 26 houses will be acquired for the purpose.

In the recently held grievance meeting, the villagers had urged the DC to visit the spot. Accordingly, Deputy Commissioner, Tahsildar Prasanna Kumar, KIADB officer Krishnamurthy and others visited the spot.

Speaking to reporters, the DC said that ACC Cement Company will commence the work within 18 months in Padebettu and Ellur. The company will use the fly ash from UPCL. The ACC will open its mixing and packing unit in the region. “As cement is in demand, the factory is essential. The unit will not create any environmental problems. The company will use sophisticated technology,” he said. In the meantime, the villagers who opposed the setting up of cement company, said “we are already suffering from the UPCL. If the cement factory is set up in the region, it would aggravate the problems.”

Few women said that they are ready to hand over their land for a suitable compensation.
For giving wrong information to the DC on Vishwakarma Samaja Mandira in Padebettu, the locals took the KIADB officials to task.

DHNS

[s.yogendra]

VRL Logistics To Sell Power And Cement Biz

Limited is planning to sell its wind power and cement business to strengthen its focus on core business.

In 2006, VRL Logistics commenced wind power business by setting up a wind farm of 42.5 MW at Kappatgudda, Gadag district in the State of Karnataka . The wind farm consists of 34 Wind Turbine Generators (WTGs) having individual capacity of 1.25 MW.


The company has entered into a power purchase agreement with Hescom and sells power at R3.50 per unit. According to Sankeshwar - Chairman, VRL Logistics, the company has an outstanding payment of R78Cr from the Hubli Electricity Supply Company (Hescom) and an overdue interest payment is to the order of R3Cr.

In 2010, VRL Logistics formed VRL Cements Ltd to foray into Cement business. The company had signed a MoU with Karnataka government during the global investors' meet in June 2010 to set up a 2MTPA cement plant at an investment of R954Cr.

The company is now dropping the plan of entering the cement business as it requires huge investment.

Founded by Vijay and Anand Sankeshwar, VRL Logistics is in the business of providing goods and passenger transportation services. Currently, promoters of the company hold the entire 100% stake in the company.

VRL filed for an IPO in 2010 but the plans were deferred due to unfavorable market conditions. It was also talking to New Silk Route for a R150Cr investment for acquisitions but there is development on the deal.

VRL Logistics has a total fleet strength of 2,829 vehicles and has 12,000 employees and operations spread across 911 branches covering 2,629 locations in the country. It has in total 56 branches and 515 franchisees for passenger transportation business.

http://www.dealcurry.com/2012026-VRL...Cement-Biz.htm

[engineer.akash]

Chettinad Cement to enter Karnataka this year

Gulbarga unit marks start of its expansion across South

CHENNAI, FEB. 6:
Chettinad Cement will commission a 2.5 million tonnes a year (mtpa) cement plant in North Karnataka in the current year and has finalised plans to expand into Andhra Pradesh.

The Karnataka unit will mark Chettinad Cement's geographical expansion outside Tamil Nadu and will give it market reach into Maharashtra, where it plans to put up a grinding unit of about 1.5 million tonnes a year, according to Mr M.A.M.R. Muthiah, Chettinad Group's Managing Director.

EXPANSION

The company has firm plans to expand its 11.50 mtpa production capacity by about 15 million tonnes with 7.5 mtpa each in Karnataka and in Andhra Pradesh, where it plans to launch its operations with an acquisition of a 1.5 mtpa unit, apart from a Greenfield cement plant.

These expansions will happen by 2015, says Mr Muthiah.

In Andhra Pradesh, it has substantial limestone reserves following the merger of Allied Minerals and Metals, a private unlisted company in 2010. It has acquired 650 acres in Guntur District where it plans to set up an integrated cement unit with an annual production capacity of 3.5 mtpa and a 100-MW captive plant. A 2 mtpa grinding unit will be established in Visakhapatnam.

AP, KARNATAKA PLANS

It has entered into an agreement with the Andhra Pradesh Government, which is to facilitate the projects in which the company will invest over Rs 1,500 crore.

In Karnataka, the Rs 900-crore unit at Gulbarga, will take its total production capacity to about 14 million tonnes in the current year. This unit will also feed a one million tonne a year grinding unit planned at Solapur, Maharashtra, which will expand the company's market reach.

As of now Chettinad Cement has three units in Tamil Nadu in Karur, Dindigul and Ariyalur which are supported with captive thermal power capacity of 105 MW. An additional 30 MW is also coming up at the Dindigul plant, he said.

[s.yogendra]

Chettinad Cement to enter Karnataka this year

Gulbarga unit marks start of its expansion across South

Chettinad Cement will commission a 2.5 million tonnes a year (mtpa) cement plant in North Karnataka in the current year and has finalised plans to expand into Andhra Pradesh.

The Karnataka unit will mark Chettinad Cement's geographical expansion outside Tamil Nadu and will give it market reach into Maharashtra, where it plans to put up a grinding unit of about 1.5 million tonnes a year, according to Mr M.A.M.R. Muthiah, Chettinad Group's Managing Director.
Expansion

The company has firm plans to expand its 11.50 mtpa production capacity by about 15 million tonnes with 7.5 mtpa each in Karnataka and in Andhra Pradesh, where it plans to launch its operations with an acquisition of a 1.5 mtpa unit, apart from a Greenfield cement plant.

These expansions will happen by 2015, says Mr Muthiah.

In Andhra Pradesh, it has substantial limestone reserves following the merger of Allied Minerals and Metals, a private unlisted company in 2010. It has acquired 650 acres in Guntur District where it plans to set up an integrated cement unit with an annual production capacity of 3.5 mtpa and a 100-MW captive plant. A 2 mtpa grinding unit will be established in Visakhapatnam.
AP, Karnataka planS

It has entered into an agreement with the Andhra Pradesh Government, which is to facilitate the projects in which the company will invest over Rs 1,500 crore.

In Karnataka, the Rs 900-crore unit at Gulbarga, will take its total production capacity to about 14 million tonnes in the current year. This unit will also feed a one million tonne a year grinding unit planned at Solapur, Maharashtra, which will expand the company's market reach.

As of now Chettinad Cement has three units in Tamil Nadu in Karur, Dindigul and Ariyalur which are supported with captive thermal power capacity of 105 MW. An additional 30 MW is also coming up at the Dindigul plant, he said.

http://www.thehindubusinessline.com/...cle2866393.ece

[engineer.akash]

Chettinad Cement

It is set to start production at a 2.5-mt plant at Gulbarga, Karnataka, where it has invested Rs 1,500 crore.

That was very quick

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Ultratech Cement plant expansion

On its capex plans, UltraTech Cement said its initiative towards setting up of additional clinkerisation plants at Chhattisgarh and Karnataka together with grinding units, bulk packaging terminals and ready mix concrete plants is progressing on schedule and are expected to be operational from early fiscal year 2014. Consequently, the company's cement capacity will be enhanced by 10.2 metric tonne per annum.

Ultratech cement has its plant in Gulbarga

[s.yogendra]

Chettinad Cement commissions Karnataka plant

Chettinad Cement's expansion plans are on track with the company commissioning a 2.5-million-tonne a year factory in Karnataka, said a senior executive in the company.

This plant, which was commissioned in the fourth quarter of 2011-12, paves the way for its entry into the western markets – North Karnataka and Maharashtra. The next phase of expansion will be in in Dachepalle, Guntur District, Andhra Pradesh, where a 3.5-million-tonne greenfield plant will come up.

Land acquisition is on and the approvals are under process. The company has entered into an agreement with the State Government for the project, the official said.

Speaking in the context of the company's proposed delisting from the stock exchanges, the official said the move will not in any way impact its expansion plans. The company has opted for internal accruals and bank debt to fund the projects.

The company, with an annual cement production capacity of over 11.5 million tonnes (mt) across three units in Tamil Nadu, has announced plans to add nearly 15 mt over the next three years.

In Maharashtra, the company plans to set up a 2-mt a year cement grinding unit to facilitate market reach. It is also planning a grinding unit of a similar size in Visakhapatnam.

The company is also planning to add to its captive power generation with a 30-MW coal-based plant to add to its existing 105 MW. This will make it fully self-sufficient in power. The addition will be in place by March next year, the official said.

On the buyback of shares from the public as a prelude to the delisting, the official said the company estimates that this would cost over Rs 250 crore. The public shareholding at over 11 per cent is about 44 lakh shares. The exact pricing will be done through a reverse book building process, the official said.

http://www.thehindubusinessline.com/...cle3433163.ece

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J K Cements (Western) Ltd. to establish a cement factory at Chittapur

The D V Sadananda Gowda ministry has given the green signal for 31 industrial project proposals worth Rs. 1,46,656 crore generate capable of generating employment opportunity to over 3 lac persons ahead of next month’s Global Investors’ Meet (GIM-2012) in Bangalore.

The State High Level Committee (SHLC) meeting chaired by Chief Minister D V Sadananda Gowda in Bangalore on Wednesday cleared investment proposals of various industries that would be implemented in different parts of the State.



Karnataka’s Large and Medium Industries Minister Murugesh R Nirani, Chief Secretary S V Ranganath and Principal Industries and Commerce Department Secretary Jyothiramalingam were present at the meeting.


Cement factory

According to Industry Department officials, the SHLC has cleared a proposal of J K Cements (Western) Ltd. to establish a cement factory at Chittapur Taluk in Gulbarga District.

The company would invest Rs 2,326.65 crore and provide employment to 350 people.

Shivashankar Minerals Ltd’s proposal to establish a 3.5 million tonne per annum (MTPA) cement plant in Chincholi Taluk, Gulbarga District, with an investment of Rs 2,250 crore was also cleared.

BMM Ispat Ltd would establish 3 MTPA gas based integrated steel plant in Dhanapura village in Mariiyammanahalli Hobli, Hospet Taluk, Bellary district, with an investment of Rs 16, 229.68 crore.

[s.yogendra]

Karnataka Cabinet allows JK Cements to buy more land

Karnataka Cabinet has cleared JK Cements' proposal to buy an additional 278 acres of land in Bagalkot.

Briefing reporters after the State Cabinet meet today, the Minister for Law and Municipal Administration, Mr S Suresh Kumar, said that the cabinet has cleared JK Cement's proposal to buy land for their own industrial use at Mudepura in Bagalkot district where the company is already investing in a cement plant.

read more:- http://www.thehindubusinessline.com/...ue&ref=wl_home

[Krishnamoorthy K]

June 08, 2012

The Aditya Birla Group will invest Rs 2,000 crore in a 4 million tonne cement plant at Malkhed (in Gulbarga district), said the group's chairman, Kumar Mangalam Birla, at the Global Investors Meet in Bangalore on Thursday.

The Group also plans to expand its aluminium plant in Belgaum from 2,000 tonnes to 3,000 tonnes at Rs 700 crore.

realty PLUS

[Krishnamoorthy K]

GIM-2012 Cement MOUs

Originally Posted by avinash2060

image hosted on flickr

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JSW Cement to expand capacity and enter new areas

He added the group plans to set up more cement units in Rajasthan, West Bengal and also one near Gulbarga in Karnataka.

Source

[sunil.kulkarni]

The joint venture cement plant of Sagar Cements Ltd and Vicat Group of France will commence production in October. “The clinkerisation is expected to be completed by September end,’’ Mr Srikanth Reddy, Executive Director, Sagar Cements, told Business Line here. The plant, coming up at Chatrasal in Gulbarga district of Karnataka, would be fully operational with cement production beginning in October, he added. The Rs 2,500-crore joint venture comprises two phases. The first phase, which is almost ready now, had a Rs 1,650-crore investment with a cement production capacity of 2.5 million tonnes. The total capacity, including second phase, would be at 5.5 million tonnes by 2014, Mr Reddy added.

[Krishnamoorthy K]

GIM-2012 MOUs/RoIs/EoIs





Taken from Karnataka Udyoga Mitra & Advantage Karnataka.

GIM = Global Investors Meet
MOU = Memorandum Of Understanding
RoI = Registration of Interest
EoI = Expression of Interest

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