Singhania sees substantial uptick in cement demand in upcoming years
Udaipur Cement Works Limited (UCWL), a subsidiary of well-known cement major JK Lakshmi Cement Ltd, has taken a significant step for increasing its cement production with the expansion of its Clinker facility, following commissioning of Clinkerisation Unit of 1.50 million tonnes per annum (MTPA) at Udaipur.
With this expansion, the company said it has doubled its Clinker capacity to an impressive 3 MTPA in line with the long-term objectives to meet the evolving cement consumption patterns in its operational regions.
The capacity expansion has been funded through a Mix of Debt and Equity. The company has recently completed its Rights Issue of Rs.450 crores.
This growth is facilitated by the availability of adequate land and the necessary limestone reserves at the company’s existing mines, UCWL said on 20 Oct 2023.
UCWL said it is expecting a noticeable surge for the demand of cement in the coming years and this expansion will assist the company in supplying cement to a larger customer base.
“We foresee a substantial uptick in the cement demand in the upcoming years, and this expansion project is our response to ensure a smooth and resilient supply chain that can effectively cater to this escalating demand.
“With this clinker capacity expansion, we are well-prepared to serve our customers and partners efficiently. I am delighted to share that our commitment to expansion remains unwavering, and by the end of FY 23-24, our total cement capacity will more than double to 4.7 MTPA from the existing 2.2 MTPA.”
UCWL has two brands in its portfolio, “Platinum Heavy Duty Cement” and “Platinum Supremo Cement”, catering to a wide spectrum of construction needs, and a premium offering tailored for roofing solutions, ensuring structural strength and durability.
Both brands have garnered a strong presence and earned respect in the markets of Central, West and North India.
UCWL is known for its dedication to renewable energy and environmental sustainability. It is the only one in the entire Indian cement industry to have a Floating Solar Power Plant of 1 MWp at its Mines.
The Company now meets almost 50% of its Power Requirement from Renewable Sources making it a leader in eco-friendly manufacturing practices. Fiinews.com
