ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Expansion Plans Make Headway

Expansion Plans Make Headway Hansavivek ASSOCIATED CEMENT COMPANIES is going ahead with its programme for installing additional capacity of over two million tonnes. New capacity of 4,60 lakh tonnes, making use of the imported precalcinator technology, is expected to become operative by the end of 1979 or early 1980. Orders for ail the major units required for Wadi works phase II expansion by a further 10 lakh tonnes capacity and setting up a new cement plant of 5.60 lakh tonnes capacity at Gagal in HP have been placed. These projects are expected to be commissioned towards the end of 1981 and in the first quarter of 1982, respectively. The company has been sanctioned soft loans of Rs 22 crores by a consortium comprising of IDBI, IFCI and ICICI for financing its modernisation-cum-expansion programme. It has applied for a term loan of Rs 75 crores for raising part of the funds required for financing the Wadi work phase II expansion and the new project at Gagal. The question of proceeding with the issue of 'rights' debentures would be considered when the detailed scheme of financing of the company's programme is finalised in consultation with the financial institutions.

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