Sanghi Industries plans to double turnover this FY

Sanghi Industries Ltd, manufacturers of Sanghi cements and part of the Rs 2,000 crore Sanghi Group, is planning to double its turnover from Rs 300 crore at the end of last financial year to Rs 600 crore by the end of the current financial year.

"We are planning to utilise our production capacity to the fullest. Last year we utilised around two million tonnes of our capacity and this year we will be utilising our installed capacity of over 3.5 million metric tonnes. Full utilisation of our capacity will help us double our turnover to Rs 600 crore," Hemant Pandey, senior president, Sanghi Industries Ltd, said.

Over 40 per cent of the turnover of Sanghi Industries comes from exports.

Sanghi Industries has exported cement worth Rs 120 crore to countries such as UAE, Bangladesh, Sri Lanka, Spain, Guyana, Iraq, Kuwait, Qatar, Oman and Iran in the last financial year.

With the increase in demand in the international cement market, the company is planning to up it exports to Rs 200 crore in the current financial year.

"Sanghi cement is sold at premium of Rs 2 to Rs 15 over the other leading brands in the country. We aim to capture a bigger market than any of the other players in the cement industry. We have adopted an innovative approach in the market place, which includes setting up of Sanghi consumer care centres across various places. The advantage of these centres is that consumers can avail of all relevant information relating to housing and construction under one roof. We provide mobile van service, whereby any consumer can call for the van for an on-the-spot compressive strength test to help him choose the best quality cement," Pandey said.

"Sanghi cements has very high chemical properties, which reduce cost of construction. Low heat of hydration and low alkali value help resist corrosion and cracks. These chemical properties in the our cement helps us sell our cement at a premium over our competitors," Pandey said.

The company is targetting a growth of over 30 per cent every year for the next 10 years compared with the industry's growth of around 10 per cent a year.

The company was established on March 20, 2003, with an investment of around Rs 1,500 crore. It has a modern manufacturing plant at Kutch.

The company's plant at Kutch is considered as the world's largest and most modern cement manufacturing plant with ad installed manufacturing capacity of over 3.5 million metric tonnes a year.