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Indian Cement Companies to Invest $2 Billion in Captive Power Generation
DELHI--July 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)
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Industry Segment: Power
Word Count: 472 Words
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