Saturday, October 13, 2018

Double Bull Cement

 Emami Cement


The latest venture of the Emami Group is Emami Cement Limited (ECL). ECL has recently launched Emami Double Bull cement in the markets of Chhattisgarh, West Bengal, Odisha and Jharkhand. ECL has an installed capacity of 4.4 million tonnes of cement built at an estimated cost of over Rs.2650 Crores.
The 4.4 million tonne of capacity comes from the state-of-the-art integrated cement plant at Risda, Baloda Bazaar, situated 70 km away from Raipur, the capital of Chhattisgarh. The integrated plant has a capacity of 2.4 million tonnes each of clinker and cement which is being upgraded to 3.2 million tonnes of clinker.
A state-of-the-art grinding unit has now being commissioned at Panagarh, 150 km away from Kolkata with an installed capacity of 2 million tonnes of cement. The Panagarh unit is one of the biggest greenfield project in West Bengal which took a record 13 months to start production.
The company is now in an advanced stage of commencing construction for yet another ultra-modern grinding plant at Jajpur near Cuttack in Odisha. This plant would be commissioned in the first quarter of 2018 so as to build a total capacity of 6.2 million tonnes of cement for the company.

Emami Cement has filed draft red herring prospectus (DRHP) with the Securities and Exchange Board of India for an IPO worth ₹1,000 crore.
The IPO will comprise a fresh issue of shares of up to ₹500 crore and an offer-for-sale by existing shareholders for up to ₹500 crore, according to the DRHP.
The company proposes to utilise the net proceeds raised through the issue for repayment and/or prepayment of debt, which is close to ₹400 crore, and for general corporate purposes.
Emami Cement currently operates three manufacturing plants and is in the process of setting up another plant, subject to necessary approvals.
This would result in an aggregate installed capacity of 9.3 million tonnes per annum (mtpa) of cement and 3.2 mtpa of clinker by April 2019.

Emami Cements markets its cement ubder the brand name Double Bull.
Emami Double Bull PPC
Emami Double Bull PPC PROCEM
Emami Double Bull PSC
Emami Double Bull OPC-53
Emami Double Bull OPC-43
Emami Master Premium Cement
are the individual brand manes and types of cement Emami Cement markets.

Flipkart [CPS] IN

No comments:

Post a Comment