Penna Cement plans packaging unit, India

Penna Cement plans packaging unit, India
Published: 02 March 2011

Penna Cement Industries Ltd (PCIL), the cement manufacturer with a strong presence in South and North India, has now entered the western region with the launch of its cement products in Maharashtra. The company is planning to set up a packaging unit at Panvel in Maharashtra.

"We are planning to set up a packaging unit for our cement products at Panvel in Maharashtra. We are investing around INR100 crore in this unit, which is expected to be operational in the next 12 months," said Sridhar Reddy, who was in Nashik for the launch of company’s cement products.