Vasavadatta capex plans, India
Vasavadatta Cement, part of Kesoram Industries which is the flagship company of BK Birla group of companies, is planning an investment of INR1000 crore over a period of time for setting up new plants and capacity expansion at its existing facilities.
The company has decided on its next phase of expansion in Gulbarga district in Karnataka and is awaiting the Karnataka government’s support for land allotment containing the environmental clearances as well. The proposed expansion would take the total capacity to over 8Mt from the present 6Mt. In an interaction with the media, KC Jain, wholetime director of Kesoram Industries, said that the company’s proposed expansion is going slow due to land allotment issue. Published under Cement News
