JK Lakshmi to double output, India
JK Lakshmi Cement today said it would invest INR1800 crore over the next three-four years to double its cement production capacity to 10Mt.
"At present, our installed cement production capacity stands at 5Mt, which we would expand to 10Mt in the next three-four years," J K Lakshmi Cement Managing Director Vinita Singhania told reporters here.
Singhania, who is also the president of the Cement Manufacturers Assocation of India (CMA), said the company is setting up a 2.7Mt greenfield cement plant in Chhattisgarh at an investment of INR1200 crore.
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The Chhattisgarh cement plant will be operational by October 2012 and this would take the total capacity to nearly 8Mt, she added.
J K Lakshmi currently has a cement plant in Rajasthan and a grinding unit near Ahmedabad. The company sells cement in northern and western region of the country.
The company will invest INR500-600 crore on setting up a grinding unit in Haryana and capacity addition through brownfield route, company’s whole-time director Shailendra Chouksey said. Published under Cement News
