VRL Group plans entry into cement business, India

VRL Group plans entry into cement business, India
Published: 30 March 2010

Transport tycoon, Vijay Sankeshwar, who operates India’s largest road transport company, VRL Logistics Ltd, is foraying into cement manufacturing business. He has formed a new company, VRL Cements Ltd, with his son Anand Sankeshwar and other family members to set up the cement unit. The company has proposed to set up a 2Mta greenfield cement plant for an investment in north Karnataka.

"We have submitted a proposal to Karnataka government which is developing a cement zone in the Gulbarga and Bagalkot region. We have sought land from the state government. Once the project is approved by the high level clearance committee and the land is allotted, we will prepare a detailed project report for the path ahead," Vijay Sankeshwar, Chairman, VRL Group told Business Standard.