Financial Daily from THE HINDU group of publications Thursday, Aug 19, 2004 |
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Corporate
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Announcements Phoenix Yule to offer 15-km conveyer belt systems Ambar Singh Roy
Kolkata , Aug. 18 HAVING bagged a project for manufacturing and installing a 34-kilometre-long conveyor belt between Meghalaya and Sylhet in Bangladesh, Phoenix Yule Ltd - a 74:26 joint venture between Phoenix CBS of Germany and Andrew Yule & Co Ltd - is exploring the possibility of offering conveyor belt-based transportation solutions for carrying bulk materials up to a distance of around 15 kilometres. According to Mr T.K. Mukherjee, Managing Director of Phoenix Yule Ltd, enquiries in this regard have already been received from cement companies. Other sectors, too, could look into the scope for replacing vehicular transportation of bulk materials with the conveyor belt mode of transportation. "We can offer solutions wherever there is bulk material handling of up to around 15 kilometres. Until now, generally beyond five kilometres, most companies use dumpers and trucks to transport bulk material. With the Meghalaya-Sylhet conveyor belt project, which is one of the longest trough conveyor belt projects in the world, we shall be able to showcase our capabilities in this regard," he said. Mr Mukherjee said that transportation of bulk materials through conveyor belts would be economical for companies. "With fuel prices going up, mechanised bulk material handling by way of conveyor belts would work out cheaper in the long run. Besides, it is pollution free and there is no fear of road accidents en route to the destination," he said. In fact, ACC is implementing a project for replacing vehicular bulk material transportation with the conveyor belt system at its plant at Kymore in Madhya Pradesh. The Meghalaya-Sylhet conveyor belt project will be executed by Phoenix Yule Ltd in association with its overseas parent, Phoenix CBS of Germany. The belt will link Surma Cement, a 1.2 million tonnes per annum capacity cement plant being set up at Sylhet in Bangladesh by Lafarge in joint venture with Cemento Milnos with the Kurmi limestone deposits of Meghalaya. Limestone from Meghalaya will be transported on the conveyor belt across the border to Sylhet. The civil and mechanical contract for the entire project has been awarded to Larsen & Toubro (L&T). The sub-contract for manufacturing and installing the conveyor belt has been bagged by Phoenix Yule. The project is scheduled to be completed by mid-2005 and will generate a revenue of Rs 18 crore for Phoenix Yule, according to Mr Mukherjee.
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