India Cements sets its sights on pan-Indian presence

India Cements sets its sights on pan-Indian presence
16 January 2012

Southern Indian cement producer, India Cements, is aiming to achieve a pan-Indian presence to benefit from development across the region by acquiring new mining leases and improving performance.

The company, which enjoys a 28 per cent market share in the southern Indian market, has set up a 1Mta  grinding unit in Maharashtra in the western part of India and moved into Rajasthan, in the northwest where it has set up a 1.5Mta composite cement plant.

"Wherever we have got mining leases, we are trying to acquire land so that whenever the demand starts going up we can start looking at expansion. We would like to be a pan-India player to get the benefit of growth and development across regions," V Mohan, joint president for corporate finance, told INS news.

Published under Cement News