India Cements is reportedly planning to revamp and expand capacity of its cement plant in Salem in Tamil Nadu with an investment of Rs 80 crore.
The old cement plant is being replaced with new equipment and in the process the output will increase to about 17 lakh tonnes from the present six lakh tonnes. In this regard, the company is seeking environmental clearance and once these are in place the project will be take off.
This will optimise the existing kiln and add a new line. The total power requirement for the expanded capacity will be about 28 MW, including about 13 MW for the new line.
India Cements is largest manufacturer of cement in South India. India Cements owns 28% of the market share and is leader in south India. The cement manufacturer aims 35% market share. It has distribution network of 10,000 stockists.