Valley Cements Ltd (BVCL), a North-East based cement company, is looking to raise Rs 40-50 crore from its IPO to fund a slew of expansion initiatives.
The company, promoted by three North-East based entrepreneurs, plans to raise current capacity of cement production from 460tpd to 600tpd.
It is also in the process of putting up a biomass-based power station of 6 MW capacity close to the plant site. |
BVCL, which manufactures ordinary Portland cement and Pozzolona Portland cement, is planning to establish a clinker-grinding unit with a capacity of 300tpd.
The company’s production facilities in Badarpurghat, near Silchar, include laboratory facilities and employees around 400 people. Besides this, it also has a limestone crushing plant in Meghalaya.