Cement News tagged under: Sanghi Industries Ltd
Sanghi Industries sees fall in fuel cost22 November 2017, Published under Cement NewsSanghi Industries Ltd has seen a fall in fuel and power cost in the September quarter, contradicting the trend of rising fuel prices across India. Sanghi Industries has benefitted from its close position to limestone mines and the increased use of lignite for fuel and power, according to Mint. The Indian government recently reduced the Goods Sales Tax (GST) on lignite to five per cent from eight per cent. Due to this reduction the company has increased its usage and now meets 75 per cent o... |
India: Sanghi Industries INR12bn expansion09 November 2016, Published under Cement NewsSanghi Industries Ltd is planning to further develop its capacity following the 1.2Mta expansion of its plant in Kutch district. Production capacity at the Kutch plant recently rose to 4.1Mta. For the second phase of capacity augmentation, Sanghi Industries is looking to raise INR12bn (US$180.6m) to further increase capacity to 8.1Mta. The company is also seeking to establish a 15MW WHR system, expected to come online in two years. “Around [INR12bn] investment has been envisaged for the e... |
India: Piramal invests US$38m in Gujarat cement company22 April 2016, Published under Cement NewsPiramal enterprises has invested US$38.4m in Sanghi Industries, a Kutch-based cement company with 4.1Mta capacity and plans to add a further 4Mta. Earlier in the month, Sanghi exited its corporate debt restructuring mechanism, having repaid US$40m. The firm’s capital expansion plans require a total of around US$165m. According to reports in the Hindu, the capacity addition will cost less than US$50/t. The expansion will take place at one of Sanghi's existing sites. The company has huge... |
Sanghi inaugurates Kutch grinding plant, India13 July 2015, Published under Cement NewsSanghi Industries' new 1.2Mta grinding plant was inaugurated on Friday by Gujarat Chief Minister, Anandiben Patel, in the western Indian state's Kutch district. The new unit lifts Sanghi's cement production capacity from 2.9Mta to 4.1Mta. Ravi Sanghi, chairman and managing director, said during the ceremony: “Inauguration of the grinding unit by the Gujarat Chief Minister is a testimony to the fact that Sanghi Industries Ltd is considered as one of the leading corporate which has contribut... |
Sanghi Industries invests in energy, port development21 January 2015, Published under Cement NewsSanghi Industries is to invest in a 15MW waste heat recovery (WHR) system at its cement plant in Kutch, Gujarat, as part of the company’s drive to enhance efficiency and reduce its carbon footprint. Explaining the company’s strategy, Alok Sanghi, Director of Sanghi Industries Ltd said: “Our focus is on increasing efficiencies at our manufacturing facilities as well as reducing our carbon footprint by cutting down on pollutants that affect the environment.” Sanghi has signed a contract for... |
Sanghi Industries invests in capacity expansion, shipping and distribution capabilities31 March 2014, Published under Cement NewsSanghi Industries Ltd (SIL) is to expand its production by 30 per cent, and is set to acquire ships and establish terminals to improve logistics. The company is to raise cement capacity from 2.6Mta to 3.5Mta by the end of 2015 at its Abdasa plant in the Kutch district of Gujarat. “Currently, clinker production is higher than cement production at our plant. To correct the mismatch, we are investing INR100 crore in increasing the grinding capacity,” Alok Sanghi, director of Sanghi Industries... |
Sanghi Industries to invest in logistic improvements, debottlenecking, India01 July 2013, Published under Cement NewsSanghi Industries plans to invest in the upgrading of its logistics and removing bottlenecks at its Kutch plant to drive down debt. Company director Alok Sanghi said the company will invest INR150 crore to acquire ships and setting up new terminals. Meanwhile, INR125 crore will be spent on removing bottlenecks, according to reports by Business Line India. Mr Sanghi added that the company would focus on fuel cost reductions, improved logistics and debt reduction. The company is currently... |
Sanghi Industries' 3Q benefits from extended sales reach14 May 2013, Published under Cement NewsSanghi Industries Ltd has posted a 234 per cent jump in net profit as the Gujarat-based producer increases its geographical sales spread and implements a number of cost-saving measures. Net profit for the third quarter ended 31 March 2013 reached INR419m compared to INR125m for the same quarter in previous financial year. Net sales in the 3QFY12-13 were INR2981m, almost on a par with the INR2971m recording in the 3Q of the previous year. For the nine months of current financial year, pro... |
Sanghi Industries 2QFY13 sales up 26%22 February 2013, Published under Cement NewsSanghi Industries reported a 26 per cent rise in turnover for the second quarter of the year ended 31 December to INR286.3 crore. According to reports in the Business Standard of India, Sanghi Cement's net profit rose to INR21.6 crore in the second quarter as against a net profit of INR3 crore in the corresponding quarter of the previous fiscal. For the first half of the year, net profit stood at INR 39.8 crore against a net loss of INR 34.3 crore in the first half of the last year. Comme... |
Sanghi Industries swings to full year profit, India30 August 2012, Published under Cement NewsIndia-based cement producer Sanghi Industries Ltd reported a net profit in fiscal year 2011-12 compared to a loss in the previous year as margins and sales improve in the fourth quarter. The company reported a net profit of INR81.87 crore for the fiscal year ended 30 June 2012 compared to a loss of INR29.55 crore in the previous fiscal. Net sales rose 8.3 per cent to INR974.07 crore in FY11-12 compared to INR899.48 crore a year earlier. Commenting on the financial performance of the c... |
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