Ultra Tech Nathdwara Cement Ltd - Stock Valuation and Financial Performance

Binani Cement is the flagship subsidiary of Binani Industries (BIL), representing the Braj Binani Group. The cement business started operations in 1997, in Sirohi District, Rajasthan with a 1.65 MTPA integrated cement facility and a 25 MW captive power plant with technological support from F L Smidth, Denmark and Larsen & Toubro.

The capacity was raised to 2.25 MTPA in 2005 through advanced in-house R&D and de-bottlenecking and the Company was also certified to ISO 9001, ISO 14001 and OHSAS 18001 within a short span from commencement of operation. This is an achievement that clearly illustrates the management's commitment to quality, efficiency, environment, health and safety. In 2008, a split-grinding unit at Neem Ka Thana was commissioned, boosting the capacity in India to 6.25 MTPA.

Today, Binani Cement has established itself as one of the top companies in the industry in terms of efficiency and performance. What truly sets Binani Cement apart is its clear focus on the core attributes of quality, strength and reliability of the end product. These have paid rich dividends and seen brand 'Binani' growing in prominence and stature, poised to capture increasing market share globally. BCL has made film actor Amitabh Bachchan a brand ambassador of its product.

The Binani Cement Plant in Pindwara, District Sirohi, Rajasthan is in close proximity to the customers in the State and also caters extensively to markets in Gujarat, Haryana and North Central Region. The nearest airport is at Udaipur, which is situated at a distance of 105 km from the plant.

The company has two limestone mines in village Amli and Thandiberi located at a distance of 2 Km and 7Km respectively from the plant premises. These mines are leased to the Company by the Government of Rajasthan initially for a period of 20 years which is renewable after every 20 years. The total estimated reserves in both the mines till date is 175 million tonnes.

Recognition and awards for Indian Operations

• ITC CII Sustainability Award 2009 - for its significant contribution in the field of sustainable development encompassing environment, society and economics - the three pillars of triple bottom line. The Company received this award during 2008 as well whereby it became the first Indian Cement Company to receive this prestigious award.
• Greentech Environment Excellence Gold Award 2009 - BCL received this award consecutively in a row for 2008 & 2009 in recognition of its exemplary initiatives in Environment Management.
• National Award for Excellence in Water Management 2009 - BCL was rated as the ‘Excellent Water Efficient Unit’ to have been conferred this prestigious national award instituted by the CII Soharabji Godrej Green Business Centre, Hyderabad.
• National Award for Excellence in Energy Management 2009 - BCL was rated as the ‘Energy Efficient Unit’ on being conferred this annual award instituted by the CII Godrej Green Business Centre, Hyderabad.
• Certificate of Merit for 2007-08 for Productivity Improvements - The award which has been instituted by the Rajasthan State Productivity Council, Jaipur was conferred to BCL in recognition of the Company’s sustained initiatives towards productivity improvements.
• Certificate of Excellence - Best Employer Award Competition 2008 - This award was conferred to BCL in recognition of company’s excellence towards maintaining good Employee-Employer Relationship for the year 2008.
• Udyog Bharati Award 2009 and Indian Achievers Award for Quality Excellence - These awards have been instituted by the All India Business & Community Foundation (AIBCF) for entrepreneurship development leading to economic growth that greatly contributes to generate long term opportunities for the communities.

Recognition and awards for China Operations

• Awards won by Shandong Binani Rongan Cement Co (SBRCCL), China during the year 2008 & 2009 - Symbols of Global Recognition
• Best Enterprise of Provincial Cement Quality Competition from Shandong Cement Quality Supervision Station in March 2010.
• Best Enterprise of Provincial Cement Quality Competition from Shandong Cement Quality Supervision Station in March 2010.
• Contribution Award in the Economic Work from Dongguan Town Government and Dongguan Party committee in March 2010.
• Silver Medal of economic work & cash prize of RMB 50,000 from Ju County Party Committee and Ju People’s Government in February 2010.
• Excellent Credit Industrial Enterprise from Ju County Party committee and Ju People’s Government in January 2010.
• Model Enterprises of Safety Production from Youth League of Ju Committee and Safety Production Supervision Bureau in July 2009.
• Excellent Private Enterprise from Dongguan Town government and Dongguan Party Committee in February 2009.
• Excellent Credit Industrial Enterprise from Ju County Party committee and Ju People’s Government in January 2009.
• Bronze Medal in the Economic Work from Ju County Party Committee and Ju People’s Government in January 2009.
• Leading Enterprise for Foreign Trade Export from Ju County Party Committee and Ju People’s Government in January 2009.
• Special Contribution of Foreign Investment from Ju County Party Committee and Ju People’s Government in January 2009.
• Model Enterprise of Safety Production from the Safety Production Committee of Rizhao City in March 2008.
• Advanced Private Enterprise issued by Party Committee of Dongguan Town and People’s Government of Dongguan Town in February of 2008.
• Bronze Medal for contribution to Economic work issued by Party Committee of Ju County and People’s Government of Ju County in January of 2008.