KCP Cement in expansion mode
In addition to this, the company also plans to form internal railway siding by investing Rs 50 crore to facilitate movement of finished product to faraway destinations. The company´s Joint MD VL Indira Dutt participated in the "bhumi puja" performed for launch of the new unit at Ramakrishnapuram. The project will raise the company´s cement production capacity. This expansion is part of the ongoing modernisation and cost optimisation programme, said a statement issued by the Ramakrishnapuram unit. The project aims to reduce cost and enhance production capacity with a view to ensuring that KCP remains competitive in the cement industry. The increase in installed capacity would enable the company to maintain its current market share and expand into new markets.
The new unit will be one the country´s most modern cement plants using state-of-the-art technology. It will be energy efficient, fully automated and equipped with the latest instrumentation and control system.
KCP is currently focused on efforts to increase its market share by creating a distinctive position for itself. Some of the recent government initiatives such as construction of the new capital for AP, development of Smart Cities, "Housing for All" by 2022 and post-monsoon commencement of several infrastructure projects are expected to provide a major boost to the cement sector in Andhra Pradesh.The company also plans to invest Rs 400 crore to double the current capacity to about 3.52 MTPA.
Source: Business Line