Hindalco Industries is the largest producer of cement in South India.
Coal power projects
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."
93, Santhome High Road,
Karpagam Avenue, R.A.Puram,
Phone: 044 28521526
Resources and articles
Related SourceWatch articles
- India Cements, "Company Profile", India Cements website, accessed November 2011.
- T E Narasimhan, "Trinetra to allot Rs 615 cr shares to India Cements", Business Standard, November 11, 2011.
- "India Cements captive mine to be ready by Jan", Business Standard, November 16, 2011.