Industries
ABG Cement, Sanghi Industries, Andhra Cements; all assets of Shree Renuka Sugars; distilleries, refineries and co-generation plants.
Sector overview
Cement assignments include ABG Cement’s 3.3 million TPA clinker unit at Kutch and 5.8 million TPA grinding unit at Surat, Sanghi Industries’ 4.1 million TPA plant, two Andhra Cements plants in Telangana valued for Edelweiss ARC (₹1,077 crore), a 2 million TPA plant valued for ARCIL and a loss assessment for Shree Digvijay Cement.
In sugar the firm valued all Indian assets of Shree Renuka Sugars, including integrated complexes at Munoli (8,000 TCD, 34 MW co-generation, 120 KLPD distillery), Athani (10,000 TCD, 68 MW, 300 KLPD) and Havalga (7,500 TCD, 32 MW, 180 KLPD), Gokak Sugars (₹157 crore), and delivered enterprise valuations for Bajaj Hindusthan Sugar and Simbhaoli Sugar. TEV studies cover ethanol distilleries for Whitefield Bio-Products and Swaraj Green Power and Fuel, and agro-processing for Aelea Commodities and Natural Sugar and Allied Industries.
Industry challenges
Cement is a regional business where freight sets the market radius. We test utilisation and realisation assumptions against the plant’s own despatch history and the capacity coming up within its lead distance.
Cane availability, recovery rates and state-administered prices decide crushing days and margins; co-generation tariffs decide whether the power plant pays for itself. We model each stream on its own evidence.
Ethanol capacity added on policy expectations needs a feedstock plan and an offtake that survive a policy change. We review both before accepting the distillery’s contribution to debt service.
Plants held by asset reconstruction companies often need restart capex and a buyer who can run them. We report condition, restart cost and realisable value separately so the ARC can price a resolution.
Our solutions
Plant-by-plant valuation of kilns, mills, boilers, co-generation and distillery assets for security review, ARC transfers and IBC resolution.
Learn moreViability of grinding units, distillery additions, co-generation and food-processing capacity.
Learn moreLoss assessment for insurers and lenders, and Chartered Engineer certification of plant, cost and progress.
Learn moreTrack record
| Client | Plant | Service | Value |
|---|---|---|---|
| Andhra Cements (for Edelweiss ARC) | Two plants in Telangana, 2.6 million TPA | Valuation | ₹1,077 Cr |
| Andhra Cements (for Edelweiss ARC) | Follow-on valuation | Valuation | ₹979 Cr |
| Cement plant in Telangana (for ARCIL) | 2.0 million TPA | Valuation | ₹167 Cr |
| Gokak Sugars | 4,500 TCD sugar plant and 14 MW co-generation, Karnataka | Valuation | ₹157 Cr |
| ABG Cement | 3.3 million TPA clinker unit, Kutch, and 5.8 million TPA grinding unit, Surat | Valuation | |
| Sanghi Industries | 4.1 million TPA cement plant | Valuation | |
| Shree Renuka Sugars | All assets in India, including Munoli, Athani and Havalga complexes | Valuation | |
| Bajaj Hindusthan Sugar and Simbhaoli Sugar | Enterprise valuation |
In numbers
Cane crushing capacity in tonnes of cane per day (TCD). Athani also includes a 68 MW co-generation plant and 300 KLPD distillery.
Case study
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