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In a bid to meet growing demand in Gujarat and Madhya Pradesh, Cement major India Cements is looking at expanding its capacity in Rajasthan. The expansion will attract a capex of around Rs 700 crore.

At present, the Rajasthan plant’s capacity is around 1.3 million tones and company is planning to add one more line with similar capacity. The expansion would help the company to cater Gujarat and Madhya Pradesh markets.

India Cements’ current manufacturing capacity is 15.5 MT with plants in Tamil Nadu, Andhra Pradesh and Rajasthan. At present the company's capacity utilisation is around 70% in South India, which reported a flat growth, while all India demand grew by 6%.

Related The India Cements Ltd. Links:

India Cements Share Price

187.15 1.35 (0.73%) Dec 03, 18:01
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Company Name CMP
Ultratech Cement 7339.75
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