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Adhunik Cement continuing to expand

World Cement,

Adhunik Cement Ltd, a joint venture between the Adhunik Group and the MSP Group, both Kolkata-based companies, is reported to be on an expansion mode to augment its production to 10 million tpa over the next few years. News has come through that, close on the heels of setting up a plant in Meghalaya, the company is now ready to invest Rs 250 crore in establishing another plant of 1.6 million tpa capacity near Guwahati.

The company has plans to add further units namely in Assam, West Bengal, Madhya Pradesh and Chhattisgarh in its aim of reaching 10 million t. The proposal to set up these plants is just a preliminary idea at this stage.

The Adhunik Group Chairman, GD Agarwal, told India’s Business Standard that for the proposed Assam plant, the company had already signed a memorandum of understanding with the Assam government and had purchased land at Sonapur in the Kamrup district. The company is ready to start very soon, but it depends on the government and state clearances.

The company claims that its Meghalaya-based plant will be “by far the largest integrated cement producing unit in the eastern region”. The company has invested Rs 700 crore in setting up this 1.5 million tpa plant. It had also established a 25MW coal-based captive power plant for uninterrupted power supply to the cement plant.

According to Mahesh Agarwal, Managing Director of Adhunik Cement, the erratic demand - supply gap of the north-east market will no longer exist with the incorporation of Adhunik MSP Cement into the league as the plant’s capacity will be about 30% of the requirement of that market.

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