J&K Cements Limited, a state-owned profit-earning enterprise, is all set to adopt the most modern Pet Coke technology to make its production cost effective.
The total technology upgradation system involving a cost of Rs 5.30 crore including Rs 3.67 crore as equipment cost would be put in place within 3 months. The technology shall help the enterprise to reduce heavy input costs on coal raw material.
Announcing this while reviewing the performance of J&K Cements Limited here today, Minister for Industries and Commerce, S S Salathia asked the company to devise a realistic working schedule to achieve the production targets.
“The company should tap all the resources vis-à-vis modernizations and modifications to exploit the full plant capacity,” Salathia said adding that all the possibilities needs to be explored to put in place some kind of power back-up system at the Cement Factory to overcome periodic plant closures due to power shut downs and tripping.
Managing Director, J&K Cements Ltd., Mushtaq Ahmad, Secretary, Sheikh Ghulam Nabi, Deputy General Manager Works, Ghulam Hassan Sofi, Financial Advisor, Kaiser Ahmad and concerned Officers from the Administrative Department were present in the meeting.
The Minister asked the management of the company to adopt all the available modern technology to enhance market acceptability of its product as has been done by some private players in the field including Tramboo Cement Industries (TCI) and TCI Max.
He asked the management to explore possibility for installing a mega diesel generator at the cement plant as a standby arrangement to run its factory without any interruption.
He also directed for completing renovation of the old Rotary Kiln within a shortest minimum period but not more than a month to enhance cement production.
The old Rotary Kiln is in the final stage of renovation at a cost of Rs. 1.50 crore. The company should revisit its financial management and business plan in tendem with the present day requirement, Salathia added.
Managing Director of the company, Mushtaq Ahmad informed that the company has fixed an ambitious sale target of 1.97 lakh MT during the current financial year and eyes on fetching a net profit of about Rs 11 crore.
He said the target for clinker production has been fixed at 1.80 lakh Mts. The company has sold about 1.37 lakh MT cement during last fiscal, generating a revenue of Rs 81.87 crore, he added.
He said all the related section of the cement Factory have been brought under Pollution Control by installing the electro-Static Precipitators (EPSs), Gas Conditioning Towers (GCTs) and Reveres Pulse Jet (RPJ) system of anti pollution devices adding that these systems have reduced the emission level below 50 mg/Nmz which is below the permissible level.
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