OCL India Limited II

completed

IFC is considering providing a loan to OCL, an existing IFC client, to part finance establishment of a 1.35 million tons per annum (mtpa) stand alone cement grinding plant at Kulapachuria village, Salboni Block, West Medinipur in the Indian State of West Bengal (the “Project”).The Project will utilize clinker from OCL’s existing cement plant at Rajgangpur, Orissa. The plant will manufacture 100% Portland Slag Cement (PSC) to suit the market needs with an option to manufacture Portland Pozzolana Cement (PPC) or Ordinary Portland Cement (OPC) at a later stage depending upon market demand. Clinker will be transported by rail from Rajgangpur while coal/slag/fly ash/gypsum will be transported by road. Cement will be dispatched both by road and rail. The Project is expected to take 27 months to construct and thus be operational by January 2014. The Project includes construction, installation, operation and maintenance of various facilities including: a vertical roller mill; coal fired hot air generator; coal crusher; cement packing machine; a cement loader; clinker silo; slag stockpile with stacker and reclaimer; covered coal storage; cement silos; fly ash silos; gypsum storage; utilities (a water treatment, wastewater and sewage treatment plant, diesel generator for backup power and fire fighting system). In addition, a1 km access road is required along with a 6.25 km transmission line for the supply of power from the grid and a proposed township with about 50 houses for employees.