DCM Shriram Board Approves Investment Proposals
DCM Shriram Limited has informed that the board of directors of the company at its meeting approved the following investment proposals:
a) DSCL Sugar - Hariawan (a unit of the Company) - Investment estimating to Rs. 500 Crores for the following expansion:
S.No. | Section | UoM | Existing Capacity | Proposed Addition | Total |
1 | Sugar * | TCD | 8000 | 5000 | 13000 |
2 | Power Co-generation (Exportable)* | MW | 14 | 22.5 | 36.5 |
3 | Distillery - Ethanol ** | KLD | 150# | 100 | 250 |
* likely to be comm1ss1oned by October 2018;
**likely to be comm1ss1oned by October 2019
# to be commissioned in December 2017
With the above capacity addition, the total Sugar business capacity will increase from 33,000 TCD to 38,000 TCD.
The existing plant(s) are running at their full capacity (except routine maintenance shutdown) and the rationale for this capacity addition is increase in cane availability in our area.
b) Chlor Alkali business at Bharuch(Gujarat) and Kota (Rajasthan) - Investment estimating to Rs. 97.9 Crores for increase in existing capacity from 1425 TPD(including 80 TPD under implementation, to be commissioned by September 2018) to 1655 TPD. The project is likely to be commissioned by September 2019. The existing plants are running at their full capacity (except routine maintenance shutdown) and the rationale for this capacity addition is to meet growing demand. This expansion will help in maintaining market and deriving economies of scale.
c) Power Plant at Kota (Rajasthan) - Investment estimating to Rs. 240 Crores to install a new 66 MW power plant to replace existing old/inefficient 50 MW plants and provide additional 16 MW captive power for caustic soda expansion. Accordingly, the existing capacity shall increase from 133 MW to 149 MW The project is likely to be commissioned by September'2019 The existing plants are running at their full capacity (except routine maintenance shutdown). The capacity addition is required because the existing plants are very old and outlived life. All the above projects are to be financed through internal generations and debts.