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Madras Cements to invest Rs 300 cr in this fiscal

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For the current fiscal, Madras Cements has lined up investments to the tune of Rs 300 crore. Of the sum, Rs 225 crore will be utilised for setting up a thermal power project.According to the company’s 2011-12 annual report, its Ramasamy Raja Nagar plant is in the process of installing a roll press for increasing the cement-grinding capacity from the present level of 210 tonne per hour (TPH) to 260 TPH.The cost of the project, including installation of kankar crusher and fly ash-handling system, is Rs 110 crore. The project is expected to be commissioned in March 2013.At its Salem grinding unit, the company is in the process of installing a roll press for increasing the cement-grinding capacity from the present level of 90 TPH to 230 TPH at a cost of Rs 60 crore. The project is expected to be commissioned in 2012-13.

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