Financial Daily from THE HINDU group of publications
Tuesday, Aug 10, 2004
Financial Daily from THE HINDU group of publications Tuesday, Aug 10, 2004 |
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Corporate
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Outlook Gujarat Ambuja to set up 1.2 mt facility at Dadri Our Bureau
Mumbai , Aug. 9 GUJARAT Ambuja Cements is putting up a 1.2 million tonne cement manufacturing facility in the vicinity of National Thermal Power Corporation's facility at Dadri in Uttar Pradesh at a cost of Rs. 100 crore. This would bring Gujarat Ambuja's total capacity to 15.7 million tonnes annually. Gujarat Ambuja has announced a tie-up with NTPC for utilisation of 3.5 lakh tonnes of fly ash produced by the latter in Dadri and is already scouting for land in the area, said a new release from the company. The project may be started in October, creating 0.6 million tonnes of capacity that will consume 1.8 lakh tonnes of fly ash. By the end of the second phase, scheduled for two years later, in December 2006, 3.5 lakh tonnes of fly ash will be utilised to produce 1.2 million tonnes of cement."We hope to service the additional demand in western Uttar Pradesh through this augmented capacity," said Mr Suresh Neotia, Chairman, Gujarat Ambuja Cements.
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