JK Cement to invest Rs 7.50 billion on 4th plant
The company hopes to commission the 3-million-tonne per annum, grey cement plant by September or October 2008.india Updated: Aug 03, 2006 11:42 IST
JK Cement Ltd will invest more than Rs 7.5 billion ($161 million) to set up its fourth plant in Karnataka to increase marketshare in the region, a senior official said on Thursday.
The company hopes to commission the 3-million-tonne per annum, grey cement plant by September or October 2008, AK Saraogi, JK Cement's president for corporate affairs and chief financial officer, said in Kanpur.
The Kanpur-based firm has two grey cement plants and a white cement plant in Rajasthan. It hopes to leverage its existing white cement distribution network in southern India to start selling grey cement from the new plant.