global magzine :- cement, steel, power, mining · kilimigundla in kurnool district, andhra pradesh...

Page 4Page 3 Page 5

GLOBAL MAGZINE :- CEMENT, STEEL, POWER, MINING

Website- www.industrialangles.comEmail Id- [email protected]

17th News Letter

2014

www.industrialangles.com

CEMENT INDUSTRY UPDATESCEMENT INDUSTRY UPDATES

Shiva Cement gets approval for Capacity Expansion:-India: Shiva Cement has received approval for an Interim Business Plan for a 200,000Mt/yr capacity expansion as proposed by the Project Management Committee (PMC). The Board of directors has also approved the project. Besides, the PMC has been authorised to take decisions for leasing, sale, disposal, or to deal with the idle fixed assets in the best interest of the Shiva Cement.

Reliance Cement plans to open New Cement Plants:-India: Reliance Cement plans to set up a cement plant and raw material quarry in Sedam Taluk, Gulbarga District, as well as a 3Mt/yr cement grinding plant in Gowribidanur Taluk. As per the pre-feasibility Report for the Sedam project, submitted to the Union Ministry of Environment and Forests (MoEF), Reliance has said that it will be setting up an integrated 5.5 Mtpa cement plant with a 3.6 Mtpa clinker production capacity and 75 MW power plant. It is also setting up a 5 Mtpa limestone mine in Tilkur and Hebal Villages located in the same vicinity. The project is expected to be completed in 24 months, once approved by the Karnataka government. The company is awaiting the Terms of Reference (TOR) from the MoEF, for which it had applied on April 7.

Shree Cement will acquire Jaiprakash Associates Cement:-Mumbai: Shree Cement Ltd has agreed to buy the 1.5 million tonnes (mt) cement grinding unit of Jaiprakash Associates Ltd, at Panipat, Haryana, for Rs.360 crore.The cost of acquisition is subject to adjustment for any indebtedness and net working capital taken over as of the closing date, Shree Cement said in a statement to the stock exchanges on Monday. The acquisition is also subject to satisfactory completion of due diligence and obtaining necessary approval and consent.

Ramco Cements plans to establish a New Cement Plant:-Ramco Cement has announced that it intends to construct a cement factory at Kilimigundla in Kurnool District, Andhra Pradesh at a cost of US$250m. The total investment in the cement plant and related infrastructure could go up to US$500m, as the development will require a 20km rail line to facilitate transport.Ramco has requested that the State Chief Minister provide necessary land to develop the plant and also facilitate necessary clearances to develop the rail line, which Ramco claims would also be useful for other projects in the area.Meanwhile, Ramco has indicated that its new plant near Visakhapatnam will also be ready for commissioning by 15 October 2014.




Dalmia Bharat, OCL India in talks for a merger:-India: According to industry sources Dalmia Group is looking at a merger of its listed cement companies Dalmia Bharat and OCL India. As part of the restructuring plan, Dalmia Bharat will also merge its unlisted arm, Dalmia Bharat Enterprises, with itself. Global private equity firm KKR owns a 14.5% stake in Dalmia. Bharat Enterprises will eventually own a minority stake in the merged listed entity.Dalmia Bharat and OCL India have revived plans of the merger after a failed attempt in 2008. Dalmia Bharat owns 48% stake in OCL India and both companies together have a cement capacity of close to 20Mt/yr. The new entity would be the fourth largest cement producer in the Indian cement industry.

Gazakh Cement strategy to makes first Clinker Production:-Azerbaijan: LLC Gazakh Cement Plant has started clinker production. It stated that the company will increase its rate of production to 70% by mid-September 2014 before ramping up to 100% of its 2500t/day (~0.8Mt/yr) clinker capacity in October 2014.There are plans for the Sinoma-built plant to undergo capacity expansion in the coming years, with an increase to a capacity of 3Mt/yr of cement in 2017.

Mexico's Cemex plans to build a New Cement Plant:-Colombia: Cemex has announced that it will begin construction of a US$340m cement plant in Colombia. The first phase of the project includes construction of a new grinding mill that will begin to produce cement in the second quarter of 2015. The rest of the plant will be completed in the second half of 2016. The plant will be built in the north-western Colombian province of Antioquia, a region with high economic-growth levels. It is expected to create 1000 direct jobs in the construction phase and around 300 jobs once operations begin.

Sephaku Cement plans to launch a New Clinker Production:-South Africa: Sephaku Cement, an associate of Sephaku Holdings, has completed the commissioning of the clinker production facility at Aganang in Lichtenburg, North West Province and is ready to commence production. The first consignment of clinker will be delivered to the Sephaku's Delmas grinding plant by the end of the month. The Aganang plant also has a cement production capacity of 1.1Mt/yr.

KAM appointed a New Chairman:-Pradeep Paunrana, CEO of ARM Cement Ltd, has been elected as the new Chairman of Kenya Association of Manufacturers (KAM). He was previously served as Vice Chairman of KAM, will take over the position from Polycarp Igathe, who has held the position for the last two years.

PCA appointed a New Manager of Codes and Standards:-The Portland Cement Association (PCA) has announced that William “Jay” Hall will return to the association as Manager of Codes and Standards. He will work from Keysville, Virginia, and will represent the cement-based products sector in the development process for codes and standards for organisations such as the International Code Council and the National Fire Protection Association. Hall worked for the PCA as a code specialist for regional code services in 2007. Before returning to the PCA, he was a Virginia state fire marshal, assistant building official and commercial plan review supervisor.

STEEL INDUSTRY UPDATESSTEEL INDUSTRY UPDATES




JSW Steel plans to purchase Welspun Maxsteel:-JSW Steel is likely to sign an INR 1,000 crore deal to acquire Welspun Maxsteel today. Welspun Maxsteel is situated in the Raigad district of Maharashtra. Welspun Corporation holds 99.85% in Welspun Maxsteel. With this deal; JSW Steel will acquire the entire shareholding in the company. This deal will also see the takeover Welspun Maxsteel's debt amounting to INR 1030 crore by JSW Steel and the company will refinance it.JSW Steel, however, said that it does not comment on market speculations and rumours. This deal will help JSW Steel's Dolvi plant which is situated in the district and scale up the company's steel capacity.

SAIL chairman strategy for 35 million tonnes by 2020 and 50 by 2025:-Indian steel giant Steel Authority of India Ltd will embark on the biggest expansion drive in its history to more than double its capacity to 50 million tonnes by 2025, a move that is likely to involve an an investment of INR 135,000 crore.As per report “The expansion will be executed in two phases and will see the company's steel making capacity go from the projected 23.5 million tonnes per annum in 2015-16 to 35 million tonnes per annum by 2020 at the end of the first phase and then to 50 million tonnes per annum by 2025-26.”Mr CS Verma chairman of SAIL told HT that "I do not think there would be a requirement for the company to divest its shares to raise the capital. For the current modernisation plan, we raised nearly two thirds from internal accruals. We can easily generate cash for at least 50% of the capital required internally. We have an outstanding debt of INR 24,168 crore but our debt equity ratio is very healthy. There will be no shortage of lenders for SAIL.”

India set to become 2nd largest steel producer, ArcelorMittal:-New Delhi: India's economic prospects have improved and is likely to see major reforms as the coalition era has ended with the new government's majority in the Lok Sabha, steel giant ArcelorMittal has said.It further said India is poised to become the second largest global steel producer, and mergers and acquisitions in in country's steel sector are likely to "remain active".It may be noted that ArcelorMittal's proposed Rs 50,000- crore project in Jharkhand is stuck for over eight years now for want of regulatory clearances and land acquisition.It had scrapped Rs 50,000-crore project in Odisha last year on account of problems in land acquisition and securing ore linkages.The company had recently said that it continued to pursue greenfield projects in Jharkhand and Karnataka.

Gerdau Steel India appointed a New MD:-Gerdau Steel India Ltd recently appointed Mr. Sridhar Krishnamoorthy as the Managing Director. Mark Anthony Marcucci, executive director. Gerdau Special Steel said that Mr Krishnamoorthy would be leading all aspects of Gerdau's strategic business in India. “As Gerdau ramps up our operations in India to supply the Indian market, we are confident that Sridhar will effectively lead the company forward.

Tata Steel attempt tie-up for sourcing iron ore from NMDC:-Mumbai: Tata Steel Ltd has bought 100,000 tonnes of iron ore from NMDC Ltd in the last two months and also sought a long-term supply tie-up with the state-run miner in the backdrop of its captive mine in Odisha remaining shut owing to regulatory and legal action and the commissioning deadline of end-fiscal year 2015 (FY15) for its new plant drawing near.“Tata Steel has started sourcing small quantities of iron ore from NMDC from June 2014 by participating in the e-auctions being conducted by NMDC from time to time,” said Narendra Kothari, chairman-cum-managing director of NMDC.

POWER INDUSTRY UPDATESPOWER INDUSTRY UPDATES




Atrum Coal NL appointed a New Non-Executive Director:-Atrum Coal NL announced that the appointment of Mr Steven Boulton to the Board as a non-executive director. Mr Steven Boulton, MTM, BBus, FAICD, FAIM, CAHRI has in excess of 35 years' operational and investment experience in major infrastructure projects, including ports, rail, roads, airports and utilities. He is one of Australia's leading infrastructure executives and currently serves as Global Head of Infrastructure at CP2.

India plans to build a New Solar Power Project:-India plans to develop a 2,000MW solar power plant in the northern state of Punjab in order to boost the state's power generation capacity. The Union Minister for Power, Coal and New & Renewable Energy Piyush Goyal said that this decision was taken following a request from the state government. Punjab Chief Minister Parkash Singh Badal had requested the central government to allocate a mega solar power plant. Badal informed Goyal that against a total demand of nearly 8,600 MW, the installed capacity was 6,200 MW resulting in a shortfall of 2,500 MW. He said three coal-based power projects at Rajpura, Talwandi Sabo and Goindwal Sahib would take the state's total generation capacity to 13,600 MW. The CM informed Goyal that around Rs. 9,200 crore was spent on strengthening the transmission and distribution system which reduced the transmission and distribution losses in Punjab to lowest in the country.

Tata Power Solar commissions a New Solar Plant:-CHENNAI: Tata Power Solar, a solar EPC (Engineering Procurement and Construction) services provider in India, has commissioned a 2 megawatt (MW) rooftop solar plant for Murugan Textiles, the largest power loom producer in India, at Palladam in the Tirupur district of Tamil Nadu. The solar plant is part of the company's green initiatives and is the largest rooftop solar plant in South India. The plant, situated across three buildings, with 800 KWp on a single building, would help displace approximately 2,500 tonnes of carbon dioxide per annum. It is designed for captive consumption and to avail REC benefits, connected to gridthrough a dedicated feeder at 11KV. The first phase of the plant would be 3MW and work on the second phase of 1 MW would begin early next year.

Enrich Energy plans to setup a New Solar Power Unit:-Enrich Energy Private Limited, the Pune-based Renewable Energy Company, has secured approval for setting up a 60 MW Solar Power Project under 'Solar Park Concept' in Telangana. The solar park will be set up under open offer to supply power to meet the state's renewable power obligations. The State Transmission Corporation has issued a `Letter of Intent' for setting up a 60 MW capacity Solar Park to Enrich Energy under the power purchase agreement at preferential tariff of Rs. 6.49 per kWh as per the Open Offer. Enrich Energy has developed and commissioned the first turnkey private solar park of India in Maharashtra at a single location with an installed capacity of 40 MW. The company has two ongoing projects of 25 MW and 50 MW in Maharashtra and Gujarat. The company also provides innovative solutions for small retail investors for setting up private projects with the smallest 1 MW capacity.

Adani Group plans to build a New Power Plant:-NEW DELHI: Adani Group strategy to invest Rs 12,500 crore for setting up a thermal power project in Odisha, Adani Power will set up a 2,500 MW thermal power plant in Odisha from "coal reject", or residues after washing the fuel, from its two mines in the state. This plant is also part of Adani Group's plan to have a power generation capacity of 20,000 MW by 2020. The proposed Rs 12,500 crore plant will be set up by a subsidiary of Adani Power.

PICTURE OF THE WEEKPICTURE OF THE WEEK

QUOTE OF THE WEEKQUOTE OF THE WEEK




“Immense scope for Cooperation”Mr Modi is traveling with a large delegation studded with some of India's biggest industrialists including Reliance's

Mukesh Ambani and software giant Wipro's Azim Premji. The PM will seek Japanese support in infrastructural developments. India is hoping to win Japanese backing for a nuclear energy pact and lure investment into its $85

billion market while addressing Japan's concern about nuclear proliferation.

I admire people who are very successful. But if that success has been achieved through too much ruthlessness, then I may admire that person, but I can't respect him. Ratan Tata

INDIA JAPAN

global magzine :- cement, steel, power, mining · kilimigundla in kurnool district, andhra pradesh...

Documents