PTI reported that Binani Cement is looking to acquire coal blocks in Indonesia to meet its energy requirements.

Mr Vinod Juneja MD of Binani Cement said the company was eyeing coal blocks in Indonesia and would be finalized in the next few months. The coal blocks have reserves of around 6 million tonne per annum.

Besides, the company plans to commission its 1 million tonne per annum capacity cement plant in Mauritius. In India, Binani has a 6.5 million tonne per annum cement plant at Rajasthan and two overseas units in Dubai and China.

In West Bengal, Binani would market its cement brands for the first time, for which it had created a hub in Burdwan district in the state. In order to meet its energy requirements, Binani Cement is eyeing coal blocks in Indonesia and it would be finalized in the next few months.

However, the coal blocks have reserves of around 6 million tonne per annum. It also plans to commission its 1 million tonne per annum capacity cement plant in Mauritius.

In India, Binani has a 6.5 million tonne per annum cement plant at Rajasthan and two overseas units in Dubai and China. In the last fiscal, it clocked a turnover of INR 19 billion.

(Sourced from Press Trust of India)