Somani bags US$7.4m export order to Iran

Somani bags US$7.4m export order to Iran
Published: 03 March 2005

Somani Cement Company Ltd said it had bagged an export order to Iraq worth Rs332m (US$7.4m).  The order is for a leading company based in Iraq and it would be executed within fiscal 2005-06, the company said.

The company added it also planned to set up a new cement plant at Mahuva in Gujarat with a capacity of 2500tpd. The plant would involve an investment of Rs20 crore, it added.  In view of satisfactory business developments, the company is confident of improving the results shown so far during the next half year also, it added.