Basis of Diversification

Basis of Diversification Hansavivek CENTURY SPINNING is further diver- sifying. For the past several years, It has been interested in sponsoring a seamless steel pipe project. It has now submitted a modified proposal, incorporating export-orientation to comply with the latest policy of the Government of India. It has also approached Government with revised proposals in respect of the paper and pulp project, and is awaiting its final decision, Meanwhile, the first unit of the cement plant at Tilda has started commercial production from January 1975. Installed capacity of this unit is expected to be achieved in a few months. The second kiln and the associated cement mills are also expected to be commissioned shortly. The start-up of the plant was evidently delayed because of late deliveries of the main plant and equipment by ACC-Vickers-Babcock. The government of Madhya Pradesh has sanctioned mining leases of lime- Stone areas for the Maihar cement project, but the company Is carrying on independent prospecting work to reassess and to reconfirm the availability of adequate quantities of limestone of suitable quality. The Indonesia project has made good progress, too, and trial production is to start soon. 'Cenray Engineering Services' has recently entered the transmission tower field, by securing, the first order from MSEB; it is also negotiating with several other state electricity boards for further orders. The company plans to carry out research in a big way to develop production techniques for high wet modulus fibre, specialised textile yarns, and improved varieties of tyre cord.