India Cements

Hindalco Industries is the largest producer of cement in South India.

Coal power projects
India Cements is currently building the Banswara Cement power station, a 20MW unit, to supply power to the Banswara Cement plant in Rajasthan.

India Cements has also been reported as having bought a coal mine in Indonesia for $20 million. The mine is expected to go onstream by January 2012. "The coal mine acquisition is a strategic decision, it will reduce our exposure to the fluctuating coal price internationally," said N Srinivasan, vice chairman and managing director, India Cements told the Business Standard. Approximately half of the company's coal demand is currently imported.

It was also reported that India Cements are "in the process of setting up a 50 Megawatt power plant near Tirunelveli in Tamil Nadu."

Contact details
Coromandel Towers, 93, Santhome High Road, Karpagam Avenue, R.A.Puram, Chennai 600028. Phone: 044 28521526 Website: http://www.indiacements.co.in/

Related SourceWatch articles

 * India and coal