Sanghi Industries plans to invest Rs 275 crore in the next 18 months on upgrading logistics and removing bottlenecks at its Kutch plant. The move is part of its effort to be debt-free in two to three years. Alok Sanghi, Director, said the company will invest Rs 150 crore on acquiring ships and setting up new jetties/terminals. Rs 125 crore will be spent on removing bottlenecks.
He added that the company would focus on fuel cost reduction, improved logistics and debt reduction. Sanghi Industries has a captive jetty near its plant in Abdasa and a sea terminal at Navlakhi port in Rajkot district.
It is also developing a sea terminal in Mumbai. While the company receives imported coal at Abdasa, 10 km from the plant, it uses Navlakhi to receive, package and market cement in the Saurashtra region.
Through this, it has saved around 12-14 per cent of costs compared to the road route. Once the Mumbai terminal becomes operational, it will package and market cement in Maharashtra, again saving around 12 per cent of the cost. It will invest Rs 100 crore On the Mumbai jetty in the next three years.