ADA Group company Infrastructure (RInfra) is currently setting up cement plants in Madhya Pradesh and Maharashtra and plans to expand its business to other parts of India.
We plan to expand our cement business by setting up more manufacturing units in Uttar Pradesh, Rajasthan, Andhra Pradesh and Chhattisgarh," RInfra Chairman Anil Ambani told the shareholders at the company’s 82nd annual general meeting in Mumbai.
Currently, RInfra is establishing two 5Mta cement plants in Mukutban in Maharashtra and Maihar in Madhya Pradesh.
The company aims to build a capacity of 50Mta and Mr Ambani said the company is developing 27 infrastructure projects with an investment of INR450bn (US$9bn). "Today we have an impressive portfolio of 27 projects and 20 of our projects will be revenue generating by FY 12," he said. "The company is playing a pivotal role in development of the country’s infrastructure. The impetus from government for infrastructure sector opens huge opportunities for us. Of the envisaged US$1tn investment allocated in 12th Plan for infrastructure, 60% will be from private infrastructure players," Ambani said.