SOURCE: Industrial Info Resources

Industrial Info Resources

July 05, 2012 06:15 ET

Indian Cement Companies to Invest $2 Billion in Captive Power Generation, an Industrial Info News Alert

DELHI, INDIA--(Marketwire - Jul 5, 2012) - Researched by Industrial Info Resources India (Delhi, India) -- In a bid to reduce dependence on the supply of power from power utilities, cement companies in India have proposed investments of about $2 billion to ramp up their captive power generation base, a move which is expected to reduce their expenses on power up to 30% and ensure a reliable power-supply. Currently, the Indian cement industry has about 4,000 megawatts (MW) of installed captive generation capacity. With a host of greenfield and brownfield expansion projects in the pipeline, another 2,000 MW captive capacity addition is expected in the next three to four years in the sector.

Other companies featured: ACC Limited (BSE:300410), Ambuja Cements Limited (BSE:500425), Ultratech Limited (BSE:532538), Madras Cements (BSE:300260)

For details, view the entire article by subscribing to Industrial Info's Premium Industry News at http://www.industrialinfo.com/showAbstract.jsp?newsitemID=225250&refer=mw, or browse other breaking industrial news stories at www.industrialinfo.com.

Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, and eight offices outside of North America, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle™, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. To contact an office in your area, visit the www.industrialinfo.com "Contact Us" page.

Contact Information

  • Contact:
    Joe Govreau
    713-783-5147