25-Jul-11
  Profile: ACB (India)

ACB (India) Limited (ACBIL), the flagship company of Aryan Group, was incorporated in March 1997 as Aryan Coal Beneficiations Private Limited. It started its operations of washing coal from Korba Coalfields of South Eastern Coalfields Limited in Chhattisgarh in the year 1999. ACB (India) made foray into the thermal power generation sector by undertaking a 30 MW Pilot Power Project in 2007, using coal washery rejects as fuel. The plant is located adjacent to its Coal Beneficiation Plant at Chakabura in Korba District of Chhattisgarh.

The company started its operations in 1999 by setting up a coal washery at Dipka area in the Korba Coalfields of SECL in Chhattisgarh. The initial capacity of the plant was 1 MTPA (Million tons per annum), which has gradually been upgraded to capacity of 12 MTPA. The company established its 15 MW Wind Power Plant in 2005 in Maharashtra and 30 MW coal rejects based power plant in Chhattisgarh in 2007. First unit of company's 270MW thermal power plant is scheduled to commission in June 2011 and second unit, by September 2011.

The company has an aggregate designed coal beneficiation capacity of 36.71 MTPA in Chhattisgarh, a state that has significant coal reserves according to the Ministry of Coal. The company has established a Quality Management System to ensure its products meet ever-increasing customer standards and requirements. The company has been registered under the ISO-9000 series quality standard.

Today ACBIL, along with its subsidiaries and associate, is largest and most efficient coal washery operators in the private sector with an aggregate designed beneficiation capacity, on a proportional basis, of 57.86 MTPA. Aryan Group's beneficiation operations are spread over 15 locations in India in the major coal bearing states of Chhattisgarh, Orissa, Maharashtra and Andhra Pradesh and include the largest coal beneficiation plant in India in Dipka (Chhattisgarh), with a designed capacity of 12.00 MTPA. The company’s core business is coal beneficiation and power generation. Aryan Group has its corporate office in Gurgaon, with offices at various locations in India.

Strengths

57.86 MTPA of Coal Washery capacity

Operating in the Coal Washery business for more than a decade

ACBIL’s competitive advantage is identifying the optimal location for the Washery plants after considering the:

  • Quality of coal produced in the nearby mines
  • Customer profile/requirement for washed coal
  • Logistical support available for cost - effective transportation.

Innovative technology to suit different parameters

Experienced and reputed hands-on promoters

Top management with vast experience in the coal industry

In-house washing equipment manufacturing unit 

Company’s major customers

The company’s primary customers are state utilities engaged in power generation.  The company also service customers in private  sector engaged in power generation and production of aluminium, cement, sponge iron etc. The list of major customers is as under:

  • Gujarat State Electricity Corporation Limited
  • Rajasthan Rajya Vidyut Utpadan Nigam Limited
  • Maharashtra State Power Generation Company Limited
  • Punjab State Power Corporation Limited
  • Haryana Power Generation Corporation Limited
  • Chhattisgarh State Power Trading Private Limited
  • Maharashtra State Power Generation Company Limited
  • Reliance Natural Resource Limited
  • Bharat Aluminium Company Limited
  • Hindalco Industries Limited
  • Lafarge India Private Limited
  • Tata Sponge Iron Limited

Company’s subsidiaries

Spectrum Coal and Power Limited - Spectrum Coal and Power Limited is wholly owned subsidiary of ACB (India) Limited. The company was incorporated on January 1, 1996 as ST-BSES Coal Washeries Limited with Registrar of Companies, Maharashtra, Mumbai, as a public limited company. Subsequently, its name was changed to ‘ST-CLI Coal Washeries Limited’. The name of the company was again changed to Spectrum Coal and Power Limited. In May 2007, registered office of Spectrum was also changed from the State of Maharashtra to Andhra Pradesh. The registered office is located at MCH No. 6-3-1089/1/1, Flat No. 203, Pavni Avenue, Rajbhawan Road Samajiguda, Hyderabad 500082.

Spectrum Coal and Power is currently engaged in the business of coal beneficiations and setting up of thermal power generation plants. The company has set up two coal beneficiation plants at:

  1. Ratija ( in the State of Chhattisgarh) and  2. Kalinga (in the State of Orissa)

Kartikay Coal Washeries Private Limited - Kartikay Coal Washeries Private Limited is subsidiary of ACB (India) Limited which holds 64.88 percent equity stake in Kartikay Coal Washeries Private Limited. Kartikay Coal Washeries Private Limited was incorporated on April 30, 2002 with the Registrar of Companies as a private limited company. The registered office of the company is located at 18 Vasant Enclave, Rao Tula Ram Marg, New Delhi, 110 057.

Kartikay Coal Washeries is currently engaged in the business of coal beneficiation. The company has set up a coal beneficiation plant at Wani (in the State of Maharashtra). The installed capacity of Wani Plant is 2.50 MTPA of raw coal.

Aryan Energy Private Limited - Aryan Energy Private Limited is subsidiary of ACB (India) Limited which holds 77.38 percent equity stake in the company. Aryan Energy Private Limited was incorporated on February 23, 2001 with the Registrar of Companies, West Bengal, as a private limited company. The company has changed its registered office from the State of West Bengal to NCT of Delhi and Haryana on February 17, 2005. The registered office of the company is presently located at 43, Vasant Enclave, Rao Tula Ram Marg, New Delhi-110 057.

The company is in the business of coal beneficiations and has set up three coal beneficiation plants at:

  1. Balanda (in the State of Orissa),  2. Indaram (in the State of Andhra Pradesh) and  3. Gauri (in the State of Maharashtra)

Aryan Clean Coal Technologies Private Limited - Aryan Clean Coal Technologies Private Limited was incorporated on September 10, 2003 with the RoC as a private limited company. The registered office of the company is located at 18 Vasant Enclave, Rao Tula Ram Marg, New Delhi, 110057. Aryan Clean Coal Technologies Private Limited is wholly owned subsidiary of ACB (India) Limited.

The company is currently engaged in the business of manufacturing coal washing equipments including barrel washers, drum washers, conveying equipments, thickners, rotary breakers, vibrating feeders, mobile screens etc. The equipment manufactured by Aryan Clean Coal Technologies Private Limited are used to be meet the captive requirements of ACB (India) Limited or its group companies. The manufacturing plant of the company is located at 86 Km. Stone, NH-8, Village Salawas, District Rewari, Haryana.

Connoisseur Resources Limited BVI - Connoisseur Resources Limited BVI was incorporated on November 20, 2006 in the territory of British Virgin Islands as a BVI Business Company under the International Business Companies Act (Cap 291) with the Registrar of Corporate Affairs, BVI to carry on the business of investment in other companies. The registered office is located at Nerine Chambers, P.O Box 905, Road Town, Tortola, British Virgin Islands. The company is wholly owned subsidiary of ACB (India) Limited.

ACB (India) Power Limited - ACB (India) Power Limited was incorporated on July 20, 2010 with the RoC. ACBIPL is currently engaged in the business of investment in the power sector. The registered office is located at C-102, L.G.F., Surya Enclave, New Multan Nagar, New Delhi-110056. ACB (India) Power Limited is wholly owned subsidiary of ACB (India) Limited and has following three step down subsidiaries:

  1. Aryan MP Power Generation Private Limited  2. Aryan Chhattisgarh Power Generation Private Limited  3. TRN Energy Private Limited

ACB (India) Power Limited holds 100% equity stake both in Aryan MP Power Generation Private Limited & Aryan Chhattisgarh Power Generation Private Limited and holds 51% equity stake in TRN Energy Private Limited.

Aryan MP Power Generation Private Limited - Aryan MP Power Generation Private Limited (wholly owned subsidiary) was formed as a Special Purpose Vehicle (SPV) on May 9, 2008   with the objective of setting up 1200MW thermal power plant in the State of Madhya Pradesh.

Aryan Chhattisgarh Power Generation Private Limited - Aryan Chhattisgarh Power Generation Private Limited (wholly owned subsidiary) was formed as a Special Purpose Vehicle (SPV) on May 9, 2008 with the objective of setting up 1200MW Thermal Power Plant in the State of Chhattisgarh.

TRN Energy Private Limited - RN Energy Private Limited is a subsidiary of ACB (India) Power Limited. The company was formed on November 17, 2006. On May 19, 2009 ACB (India) Limited had acquired 51 percent in the company.

Milestones

  • 1997 - Incorporated as a private limited company.
  • 1999 - Commissioned our first coal washery at Dipka, Korba, Chhattisgarh with an installed capacity of 1 MTPA.
  • 2001 - Received the first major work order from Punjab State Electricity Board to supply washed coal.
  • 2003 - Set up another coal beneficiation plant at Pandarpauni (Maharashtra) with capacity of 1.62 MTPA.
  • 2003 - Aryan Clean Coal Technologies Private Limited (wholly owned subsidiary) sets up its manufacturing plant for washery equipment at Rewari, Haryana.
  • 2004 - Chakabura Coal Washery commissioned with an installed capacity of 2 MTPA.
  • 2005 - Set up a 15MW wind power plant at Sangli, Maharashtra.
  • 2006 - Pineridge Investment Limited (a Warburg Pincus Group Company) invests approximately Rs. 2,000 million for a 15.38% stake in our Company.
  • 2007 - Set up a pilot power project of 30 MW based on reprocessed washery rejects at Chakabura.
  • 2007 - Signed an implementation agreement with the Government of Chhattisgarh and CSEB with regard to establishment of a 250 ± 20% MW thermal power project in Chhattisgarh.
  • 2007 - Entered into a PPA with GUVNL for sale of 200 MW of power to GUVNL from its 270 MW thermal power project in Chhattisgarh.
  • 2008 - Signed MoU with the Government of Chhattisgarh with regard to the establishment of 1,100 MW coal fired thermal power project in Chhattisgarh.
  • 2008 - AMPPGPL (our subsidiary) signed an implementation agreement with the Government of Madhya Pradesh with regard to establishment of 1,200 MW coal fired thermal power project in Madhya Pradesh.
  • 2008 - Received second tranche investment of Rs.1,000 million from Pineridge.
  • 2008 - Acquired 100% equity stake in Spectrum, which plans a 50 MW power plant at Chhattisgarh
  • 2009 - Construction of the 270MW power plant started.
  • 2009 - Acquired 51% stake in TRN Energy, which plans to set up a 600 MW thermal power plant in Chhattisgarh.
  • 2009 - Aryan MP Power Generation Private Limited formed to set up 1200MW power plant at Sidhi, Madhya Pradesh.
  • 2009 - Aryan Chhattisgarh Power Generation Private Limited formed to set up 1200MW power plant at Chhattisgarh.
  • 2010 - Construction of Himgir washery started.
  • 2010 - Construction of 50MW power plant at Spectrum (our wholly owned subsidiary) started.
  • 2011 - Acquired land for 1,200 MW power plant of AMPPGPL.
  • 2011 - Entered into Power Purchase Agreement for sale of 35% power to Govt. of Chhattisgarh for 270 MW, 30MW power plants.
  • 2011 - Spectrum Coal and Power Limited entered into Power Purchase Agreement for sale of 35% power to Govt. of Chhattisgarh from 50 MW power plant.
  • 2011 - ACPGPL entered into Power Purchase Agreement for sale of 35% power to Govt. of Chhattisgarh from 1,200 MW power plant.

Future Plans

The Aryan Group plans to add, on a proportional basis, 24.54 MTPA of designed coal beneficiation capacity by fiscal 2015. The Aryan Group has two power projects with an expected aggregate designed capacity of 320 MW in the construction phase. Furthermore, the company is implementing/developing five additional projects with an expected aggregate designed capacity, on a proportional basis, of 2,786 MW by fiscal 2016.

 

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