Sand Plast (India) Ltd - Stock Valuation and Financial Performance

Sand Plast (India) is a public limited company incorporated under the Companies Act, 1956. It is a pioneer in the field of fly ash utilization and has recently set up a large plant on Ring Road, opposite Indraprastha Park, near Nizamuddin Over bridge with an indigenously developed technology with a capacity to produce 3 lakh bricks per day employing 30 persons at a time using up to 90% ash with daily utilization of 800-1000 MT of ash. The company's technology is widely applauded by the Technology Mission, Ministry of Science & Technology, Building Materials & Technology Promotion Council, Ministry of Urban Development, UNIDO, ESCAP, NTPC, HUDCO, etc and various parties from India and abroad have approached to procure turnkey plants.

The Supreme Court of India has permitted the use of fly ash bricks with in within the NCT and has banned operation of traditional brick kilns using mother soil within NCT. The Government of India's notification issued, in keeping with court orders, has banned traditional brick kilns within specified areas of operating thermal power plants all over. The users within the specified area have been asked to use fly-ash bricks within the specified area and also all thermal power plants have been asked to utilize 100% of ash generated by them within eight years.

The total ash generation is around 100 million tones annually all over India. Delhi alone requires 11 plants with no other technology available for quality products and mass utilization of ash other than Sand Plast. The utilizable capacity of 180 million piece is guaranteed with Delhi's annual requirement of over 5000 million pieces and the country's requirement of 1,00,000 million.

The company's products are of high quality standards conforming to BIS far above traditional bricks. The bricks by fly-ash sand lime process are eligible for exemption of excise duty and sales tax in many states. The brick manufacturing process involves mixing lime with ash, reacting it, pressing it by a robotic and software fed press followed by steam curing before being taken for loading on the stacking platform and/or loading on trucks through hydraulic grabs with a total process cycle being of four hours or so. The process at Delhi stipulates steam curing using natural gas.

Products:

Sand Plast Mechanised Autoclaved Fly Ash Lime Bricks

Clients:

• Emaar MGF • IJM (MCD Civic Center Minto Road) • Globe Civil Projects Pvt. Ltd.• Ajay Enterprises Pvt. Ltd. (Eros Group) • Mahindra Lifespace Developers • Jyoti Swarup Mittal • R.S Sharma Construction Company • Makhijani Constructions • Parnika Commercials • Nice Projects Era constructions • JMC Constructions • Nagarjuna Constructions Company • Indiabulls • Brahmaputra Infrastructure • Simplex Infrastructures • Bebanco Northern Contracts • Winner Constructions • B E Billimoria & Co • Unity Infra Projects.