India Cements Ltd, which has reported a profit for the second straight year plans to have a pan-India footprint. Apart from signing up for a two million tonnes a year cement plant in Himachal Pradesh the company is scouting for mining leases in Rajasthan and Madhya Pradesh for setting up plants in these States.
It hopes to finalise the plans for its Himachal Pradesh plant, for which it has signed an agreement with a State Government undertaking, in the next month or so. The company expects to complete this project in the next three to four years.
With its plans to enter Rajasthan and Madhya Pradesh, India Cements wants to be present in all the major markets, according to Mr N. Srinivasan, Vice Chairman and Managing Director, India Cements.