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My Home Industries plans to increase cement output in 4 years
Cement manufacturer My Home Industries of the Rs 4,000 cr Hyderabad-based My Home Group has planned to increase capacity of cement factories to 15 million tonnes over the next four years, a top official said here.
The company currently has manufacturing facilities in Nalgonda in Telangana, Kurnool and Visakhapatnam in Andhra Pradesh and Thoothukudi in Tamil Nadu with a capacity of 10 million tonnes per year.
“The cement business in the group is about Rs 2,800 crore. Our total capacity in the existing factories is 10 million tonnes (per year). The plan is to increase to 15 million tonnes in the next four years,” president (marketing) of My Home Industries, Vijay Vardhan Rao told reporters. Rao and senior company executives were here to unveil the blended cement, Maha DH Cement Plus retailed at Rs 40 premium per bag than the existing cement.
Stating that the board meeting of the company was scheduled to be held in next two days, Rao declined to reveal the investment figures on the proposed expansion plan. Referring to the blended cement for the southern market, Rao said it was ‘environment-friendly’ and the company had sold 4.50 lakh tonnes the eastern region last year. “The new cement is manufactured in our Kurnool and Visakhapatnam units. It offers high durability and designability”, he claimed. “The blending material used enhances the durability and it can be used in construction of high-rise buildings, dams, individual houses.”, he said.
The company besides serving the domestic market also exports cement to Sri Lanka and clinkers (bricks with a vitrified surface) to Bangladesh. The company had set up its first cement plant in in Nalgonda in Telangana which now has an annual production capacity of 3.2 million tonnes. In 2009, the company set up a cement grinding unit in Visakhapatnam district of Andhra Pradesh, with an annual capacity of 2 million tonnes. In 2013, Sree Jayajothi Cements was added as a 100% subsidiary of MHIPL. With the commencement of fourth cement unit in Thoothukudi, the installed capacity of My Home Industries (P) Ltd has gone up to 10 million tonnes per annum, making it one of the largest cement producers in South India.
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