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Jindal delay forces OCL tweak

Chief minister Mamata Banerjee with Puneet Dalmiya at Godapiasal in West Midnapore on Monday. (PTI)

West Midnapore, July 14: OCL India Ltd, a flagship company of Dalmia Cement Bharat, has tweaked its plan and decided to source slag — a critical raw material used in cement manufacturing — from IISCO and Tata Steel.

Earlier, the company was betting on JSW Bengal’s 10-million-tonne (mt) steel plant for slag. However, with no clarity on when JSW can start operations, the company will now have to depend on Tata Steel’s facility in Jamshedpur and IISCO’s Burnpur plant for sourcing the raw material.

“We were hoping that JSW’s steel plant would come up at Salboni. We were looking to source slag from there and fly ash from Kolaghat and CESC’s upcoming thermal power plant at Haldia,” said OCL India director D.D. Atal soon after Bengal chief minister Mamata Banerjee commissioned the company’s 2mt per annum cement plant at Godapiasal.

He added that the company had to look at other sources for slag.

OCL’s director Puneet Yadu Dalmia said the company had already invested around Rs 500 crore in setting up the plant and was looking to put in another Rs 115 crore to develop rail sidings and allied infrastructure to source clinker from Rajgangpur near Rourkela in Odisha.

OCL has around 154 acres for its cement grinding unit in Bengal. The company, which sells around 40,000 tonnes of cement per month, plans to increase its sales in the Bengal market, which is estimated at 11 lakh tonnes per month and is growing at 6-8 per cent per annum.

Dalmiya expressed hope that the market would continue to grow that would allow OCL to consolidate its business in the region.

“We plan to scale up our presence in Bengal. Our plant is located strategically and will ensure timely and faster delivery of cement across the state,” Dalmia said.

 
 
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