Business Daily from THE HINDU group of publications
Saturday, Sep 02, 2006
Business Daily from THE HINDU group of publications Saturday, Sep 02, 2006 |
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Corporate
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Outlook DCW plans Rs 525-cr capex Our Bureau
Mumbai , Sept. 1 DCW Ltd is planning to make a capital investment of Rs 525 crore including a foreign currency convertible bond issue of Rs 150 crore. The remaining expenditure will be met by internal accruals and term loans from a consortium of banks led by the State Bank of India, said a company official. The Rs 700-crore company making soda ash, caustic soda and PVC, is expanding capacities to use by-products to augment its bottomline. The expansion will be in phases beginning September 2007 and ending by March 2008, said a company press release. The press release also quoted Dr S.C. Jain, Chairman and Managing Director, DCW, as saying that the company plans to increase its synthetic rutile production from 30,000 tonnes to 60,000 tonnes. To cut power and steam costs by about Rs 35-40 crore, the company is constructing a new captive thermal plant of 50 MW capacity and 70 tonnes of extra steam. To gainfully utilise its effluent, DCW is in the process of putting up an Rs 125-crore iron oxide plant to produce yellow, red and black grades through either a joint venture with a foreign company or in-house. The plant is likely to be operational by the end of 2007. The company has decided to double its soda ash capacity from 1-2 lakh tonne per annum at an investment of Rs 200 crore.
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