JK Lakshmi Cement is reportedly planning to invest Rs 2,000 crore over the next three years to take its capacity to 9 million tonnes (mt ) from 5.3 mt. The company is planning to start work on a 2.7-mt greenfield project at Durg in Chhattisgarh and will need an investment of Rs 1,250 crore for the same. The plant is expected to be commissioned by October 2013.
The company will fund this investment through debt of Rs 850 crore, which has already been tied up, while the rest will be through internal accruals. It will restart production at Udaipur plant which has remained shut for the last 10 years. This will add capacity of 1.3 mt.