India Cements announces capex plans

India Cements plans to spend around INR7000m (US$84m) on capex over the next two years, primarily to improve operational efficiency, according to BusinessLine Online.

Among its improvement initiatives, the company is installing a new 8MW waste heat recovery system at its Chilamkuru plant in the Kadapa district of Andhra Pradesh. Its Sankarnagar works at Tirunelveli in Tamil Nadu will receive a crusher, while its Dalavoi facility at Ariyalur in Tamil Nadu and the Banswara plant in Rajasthan will both benefit from new coolers and burners.

The company is also installing a new vertical roller mill at its Sankari works to help lower the cost of fly ash and allow for the use of cheaper, wet fly ash.