AV Birla group's three brown- field projects all set to take off
03 October 2003
The commissioning of these projects is expected to make the Birla group Asia's leading player in the copper and carbon black segments. Currently, leading engineering and construction firm Aker Kvaerner is executing all these projects in Dahej, Chennai as well as in Thailand.
Says Kvaerner Powergas India deputy managing director Pothen Paul: "All these projects are under different stages of implementation. We expect these projects to be completed in the first half of the next year."
The total cost of these projects — Hindalco's Rs 1,500-crore copper smelting project in Dahej, Indian Rayon's Rs 150-crore carbon black project in Chennai and Thai Acrylic Fibre's Rs 250-crore Acrylic Fibre project in Thailand — is estimated at about Rs 2,000 crore.
Say sources: "Hindalco has undertaken a study to evaluate further expansion plans to increase copper smelting and refining beyond 2,50,000 tonnes per year along with a captive power plant during the next two or three years at Birla Copper Dahej."
The group will source ore for the project from its recent mining acquisitions in Australia. Hindalco had recently acquired Mount Gordon mines at a cost of Rs 60 crore. The capacity addition will further consolidate the group's position as a leader in the non-ferrous segment following the merger of Birla copper with its aluminium business last year.
Hindalco is now the market leader in copper capacity leaving its rivals Sterlite Industries and the state-owned Hindustan Copper far behind in terms of smelting capacity while in the aluminium business, it is neck-to-neck with Nalco.