India: Rashmi Group to invest USD24m in new plant

India: Rashmi Group to invest USD24m in new plant
Published: 06 April 2015


Rashmi Group (India) intends to invest INR1.5bn (USD24m) to increase cement capacity at its 0.2Mta Jhargram grinding plant in West Bengal.

The company is increasing its investment into steel products at Kharagpur and aims to use slag produced from the steel plant for cement production at the nearby Jhargram plant.