Product development

Anjani Portland Cement to invest Rs 300 cr in Bijapur plant

Published

on

Shares

Hyderabad-based Anjani Portland Cement will invest approximately Rs 300 crore in a greenfield cement plant in Bijapur district of Karnataka. With this unit the total capacity will be over 2 million tonne per annum from the present 1.16 million tonne per annum. It will be the first cement unit in Bijapur. The company has obtaining mining licence for limestone. "We plan to raise the funds through a combination of debt, equity and internal accruals. Work is expected to begin in second half of 2010 and production in 2014," said K V Vishnu Raju, chairman and managing director, Anjani Portland Cement. With this plant the company hopes to reach the markets in Maharashtra, Goa and Karnataka. To increase its market base the company has recently shipped a load of cement to Andaman. The company has also set up a Cement Studio in Hyderabad, which gives an audio-visual and graphic representation of the story of cement from mines to structures.

Leave a Reply

Your email address will not be published. Required fields are marked *

Trending News

© COPYRIGHT 2024 ASAPP Info Global Services Pvt. Ltd. All Right Reserved.