20-21 Oct, 2015 - Bali, INDONESIA
The Westin Resort Nusa Dua, Bali
The Westin Resort Nusa Dua, Bali
State-run steelmaker Rashtriya Ispat Nigam (RINL) plans to foray into the cement market. The steelmaker aims to start a cement plant with a capacity of 6 million tonne per annum (mtpa) in Vizag, at an approximate cost of Rs. 3,000 crore.
RINL plans a joint venture for the cement plant and is expected to float a global tender inviting expression of interests (EoIs) from the cement industry. RINL will hold a minority stake in the joint venture and plans to award the majority stake to a company that has the required experience and exposure to run a cement plant.
RINL produces by-products such as fly ash and slag from its 2.9 mtpa steel plant. Currently, the company sells as much as 1.2 mtpa of slag produced in the plant to local cement manufactures; while fly ash goes into earth-filling.
With the joint venture, RINL plans to use it directly in the cement plant. In fact the company is also increasing the capacity of the plant to 6.3 mtpa, scheduled to be completed in 2016, which means RINL will produce more slag and fly ash.
The company is confident it will generate enough fly ash and slag to fuel a 6 mtpa cement plant.
As demand for cement grows in Andhra Pradesh where the plant will be located, RINL expects to tap the market.
Major cement makers are already present in the Andhra Pradesh market in India. Realtors had recently said that due to a shortage in the supply of building material and its high price in the state, they are planning to import cement from China.
17th Asia CemenTrade Summit on 20-21 October, 2015 in Bali, will spotlight on the current trends and expansion of cement industry in regional markets.
Contact Ms. Grace at grace@cmtsp.com.sg or call +65 6346 9147 for more details.
