Kerosam Industries plans capex, India

Kerosam Industries plans capex, India
Published: 01 July 2010

Kesoram Industries Ltd plans to invest INR11.25bn on capex in FY11, its chairman said on Thursday.

"Considering the expected growth in demand for cement, we have decided to further expand the clinker production capacity by 1.7Mta," BK Birla, chairman, Kesoram Industries Ltd, told shareholders during the company’s annual general meeting. 

The firm also plans to set up a new 2.5Mta cement grinding plant in Maharashtra, he added.
Source: The Economic Times