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

153.50 -2.15 (-1.38%) Nov 24, 18:57
1 Year Price Chart
Peers
Company Name CMP
Ultratech Cement 4871.45
ACC 1696.70
Shree Cement 24237.70
Ambuja Cement 255.15
Dalmia Bharat 1069.65
View more..
Sensex vs India Cements
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

Callback