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    My Home Industries to open Rs250 crore cement grinding plant in Tuticorin

    cement grinding plant
    Image caption: The Major Equipment of Cement Grinding Plant Image source: Fote Machinery(FTM) Fote Machinery(FTM)

    Diversified business group, My Home Industries plans to open new 1.5-million tonne cement grinding plant at Tuticorin, Tamil Nadu in January 2017. The cement producer has a production capacity of 8.4Mt/yr and the new unit will increase the total to 10Mt/yr. The port-based Tuticorin plant will see an investment of ₹250 crore. Once it starts production, the company’s access to both the southern and eastern markets will considerably increase.  At present, it supplies cement to 12 States. My Home also has plans to set up a couple of plants including a greenfield unit in Guntur, Andhra Pradesh, after achieving reasonable capacity utilization in its existing plants.  As against industry average of 50 per cent, its capacity utilization is in the range of 65-70 per cent as of now.  The privately held ₹5,000 crore group has two integrated cement plants — at Mellacheruvu in Nalgonda district of Telangana and Yanakandla village in Kurnool district. In addition, it operates a grinding unit at Mulakalapalli village in Visakhapatnam district of Andhra Pradesh.  Out of total ₹5,000 crore turnover of the group, cements contributes ₹3,000 crore.

    Source: globalcement.com


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