JK Lakshmi Cement is considering plans to set up a new plant in Gujarat with an investment of Rs 1,000 crore over the next 3-4 years to meet rising cement demand from the infrastructure sector. The proposed two million tonne unit will boost its existing operations, which includes a cement plant in Sirohi (Rajasthan), besides a grinding unit near Ahmedabad, with total annual cement making capacity of 4.7 million tonne.
The company is also in the process of setting up a second 0.6-million tonne cement grinding unit in Haryana. In addition, JK Lakshmi Cement had previously announced plans to set up a 2.7-million tonne cement unit in Chhattisgarh by October 2012, which would take its annual cement-producing capacity to 8 million tonne.
Cement demand in India has revived after a sluggish quarter ended December 2009, backed by accelerating construction activity. The industry sold 18.19 million tonne cement in January, a growth of 12.77% over the year-ago period. India’s current cement manufacturing capacity is around 240 million tonne annually and is likely to go up to 276 million tonne by the end of this fiscal.
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