Somany Ceramics augments captive power generation capacity at its Kassar plant

Adds additional 3MW captive power generators

New Delhi - November 12: Somany Ceramics Ltd., one of the leading tile manufacturers in India, today announced its plans to enhance its captive power generation by 3 MW at its manufacturing unit in Kassar, Haryana, in order to ensure uninterrupted power supply. The company has entered into a long term agreement with GAIL for the required quantity of natural gas annually for running these generators.

The irregular power supply tends to affect the temperature of the kiln which has a direct relation with the quality of the products. Thus, the uninterrupted power supply will help in reducing the production loss.

The company earlier had capacity of 2MW power generation by using natural gas and with this the company's total captive power generation will increase to 5 MW. In addition to setting up the power generators, Somany Ceramics will simultaneously install equipments for full utilization of the waste heat generated from these generators.

Somany Ceramics expects improvement in its bottom line by about Rs. 600 lacs annually beginning from the next financial year on account of saving in power and fuel costs, improvement in output and the quality of the products.

The generators and heat recovery systems are scheduled for commissioning towards the end of the current financial year.

The stock closed the day at Rs.114.45, up by Rs.5.45 or 5%. The stock hit an intraday high of Rs.114.45 and low of Rs.108.

The total traded quantity was 425 compared to 2 week average of 1872.
http://www.equitybulls.com/admin/news2006/news_det.asp?id=63815

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http://www.gadgetvenue.com/ridgeblade-wind-power-generator-11064342/