Binani Industries Press and Media
Press Releases

Binani Cement Registers 42% Growth in net sales; registers PBT growth of 307%

Mumbai, October 23, 2009 : Binani Cement Limited, the flagship company of Braj Binani Group, announced its results for the second quarter ended 30 September, 2009 of FY 10.

Highlights Q2 FY10:

Half Year FY10 Vs. Half Year FY09

Note On Q2 FY10 Result:

The Second phase of the 2 x 22.3 MW power plants has started generation of power from July, 09. The installation of one additional cement grinding and packing plant at Binanigram is expected to be completed by the end of 2009. Consequently, the Company will have flexibility for optimising its product mix and increasing the existing cement capacity from 6 MTPA to 6.25 MTPA .The company has decided to invest in a wholly owned overseas subsidiary to ensure long term availability of coal. Approval for mines for the proposed greenfield project in Gujarat having 2.5 Million Tonne Clinker/Cement production capacity is awaited from the Government of Gujarat. The expansion of the capacity of the grinding unit of Binani Cement Factory LLC, UAE, a Subsidiary of BCL, from 1.2 Million MT to 2.0 Million MT is expected to commence from November 2009. Shandong Binani Rong’An Cement Co. Ltd., China, a Subsidiary of BCL, has undertaken expansion of its Cement manufacturing capacity from 0.50 Million MT to 3.00 Million MT at an estimated project cost of Rs.600 Crores. The land acquisition and project design and engineering works are in progress. The plant is expected to go into production by mid 2011.

Commenting on the Company’s performance in second quarter of financial year 2009 and business outlook, Mr. Vinod Juneja, Managing Director, Braj Binani Group said,“Binani Cement is fastest growing single integrated plant in India and also first to launch 2 million tonne capacity in China. The company will achieve all its target in production, profitability, etc. This year will be a historic year for the company”

Key Developments:

About Binani Cement:

The flagship subsidiary of BIL, the Braj Binani Group is Binani Cement Ltd with gross asset value of Rs 2598 crores and gross income of Rs 1348 crores as of September 30th , 2009 and cement manufacturing capacity of 8.5MTPA, with subsidiaries in Dubai and China. The company’s product portfolio includes Ordinary Portland Cement, Pozzolona Portland Cement and Ground Granulated Blast furnace Slag (GGBFS in Dubai). The products are marketed under the premium “Binani Cement” brand name and enjoy significant market share in Rajasthan and other regions in northern and western India, sharing top-notch status with many of the nation’s leading cement brands.

The company is certified as ISO 9001, ISO 14001 and OHSAS 18001 compliant within a short span of commencement, an achievement that clearly illustrates the management’s commitment to quality, efficiency, and the environment.