Bhavyaa Global Announces INR 150-200 Crores CAPEX Plans
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Bhavyaa Global Announces INR 150-200 Crores CAPEX Plans

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Bhavyaa Global Announces INR 150-200 Crores CAPEX Plans PR Newswire KOLKATA, June 8, 2012 KOLKATA, June 8, 2012 /PRNewswire/ -- Bhavyaa Global Ltd - one of the fastest growing companies from North East India with operations in coal mining and logistics - is

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Bhavyaa Global Announces INR 150-200
Crores CAPEX Plans
PR Newswire
KOLKATA, June 8, 2012
KOLKATA
,
June 8, 2012
/PRNewswire/ --
Bhavyaa Global Ltd - one of the fastest growing companies from North East
India with operations in coal mining and logistics - is looking at expansion with
an investment of upto INR
150-200 crores
. The funds, once procured, will be
utilized on additional equipments, qualified engineers and supplementary
acquisition of neighboring mines in FY 2013.
According to Mr Ravi Modi, Chairman, Bhavyaa Group, "In India the demand of
coal is increasing day by day and even if we look at other renewable resources
of energy, thermal energy will still stay for many years to come."
The CAPEX plan will look at increasing machinery for coal mining and logistics.
As of today, the company has leased 34 sq km from the Meghalaya
government and has a current production capacity of 1000 tons a day of
coal by utilizing only 3 sq km of the total 34 sq km coal mines awarded.
The capacity expansion will help the company to reach at least 5000 tons a day
from the designated 15 sq km area over the next one year. Bhavyaa Global
currently owns 450 trucks in their logistics company - Dev Roadlines Pvt. Ltd.
The turnover of the group (Bhavyaa Global Ltd. and Dev Roadlines Pvt. Ltd. &
Bhavyaa Dev Roadlines Pvt. Ltd) for the FY 2011-12 was INR
450 crores
with a
PAT of approximately 10% which is expected to increase to INR 900-
1200 crores per annum.
Bhavyaa Global is also looking at venturing into travel and tourism in this fiscal
year. From the logistics side of the business, the company is looking to open
warehouses and cold storages at key tier II cities across
India
.
About Bhavyaa Global
Bhavyaa Global Limited (BGL) is a new, young and dynamic company which has
in a short span of time carved a niche for itself in the mining sector of
India
,
particularly in the remote North East. As a new entrant in the highly competitive
private sector mining space, BGL has made promising progress in this vastly
lucrative sector.
Incorporated in end 2008, the company has had phenomenal growth. Steered
by the young and self-motivated Mr. Ravi Modi, BGL has emerged as the
flagship company of the Rs.
700-crore
diversified Dwarka Das Modi Group of
Industries. Started by a young group of dedicated professionals, BGL has taken
the lead in the private mining sector in the North East.
For more information please visit: http://bhavyaaglobal.com/
Primary Media Contact : Yugbodh Singh, yugbodh@gmail.com , +91-22-
40070100
Secondary Media Contact : Stuti Dubey, stuti@bhayvaaglobal.com , +91-
7666829997