JK Lakshmi Cement today said it will invest INR1200 crore for setting up a greenfield plant at Durg (Chhattisgarh) that will increase the company’s total production capacity by over 50 per cent.
The plant will have a capacity of 2.7Mta and is likely to go on stream by 2012-13.
"We are looking at a new plant in Durg with an investment of Rs 1,200 crore. The plant will have a capacity of 2.7Mta and it is likely to be operational by 2012-13," J K Lakshmi Cement Managing Director Vinita Singhania told reporters on the sidelines of the International Seminar on Cement and Building Materials here.
She, however, did not provide details regarding the sourcing of money for the investment.
Singhania said that with the operationalisation of the plant at Durg, the company’s annual capacity will go up by over 50 per cent.
"We have a total capacity of five million tonne currently in our plant at Sirohi (Rajasthan) and the grinding unit at Ahmedabad. With the addition of 2.7Mt our total annual capacity will increase by over 50 per cent," she added.