The Hindu Business Line : ACC sells surplus assets for Rs 205 cr

“The company has disposed of certain surplus assets including land at Surajpur, Haryana, for a consideration of Rs 205.11 crore. These proceeds would be utilised towards the ongoing capital expenditure schemes,” the company announced on the BSE.

Investment plan

ACC has drawn up an investment plan of Rs 4,000 crore for increasing capacity, upgrading facilities at its existing plants and enhancing captive power generation.

The company will raise capacity at Wadi plant in Karnataka from 4.5 million tonne per annum (mtpa) to 8 mtpa. Projects for augmentation of grinding capacities at Sindri and Wadi are also in progress. Expansion of capacity at Bargarh by 1.18 mtpa along with a 30 MW captive power plant is moving as scheduled.

Expanding capacity

The company has also announced projects for expanding capacity at Lakheri by 0.90 mtpa to 1.50 mtpa along with a new 25 MW captive power plant.

ACC successfully commissioned its first wind energy farm in Udayathoor in Tirunelveli district, Tamil Nadu. This initiative is part of the company’s efforts to adopt clean and green technologies to reduce dependence on conventional fossil fuel-based energy sources.

The wind power plant, comprising six modern wind turbines of capacity 1.5 MW each at Udayathoor in Kanyakumari, has been commissioned.

Wind power generated at the Udayathoor Wind Farm will be wheeled to ACC’s Madukkarai cement plant in Coimbatore through a suitable arrangement with the State grid. Excess power not utilised by Madukkarai plant will be offered to the grid, Mr Sumit Banerjee, Managing Director, had said.

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