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Reliance Infrastructure’s arm enters into Amravati market

15 Apr 2013 Evaluate

Anil Ambani-led Reliance Infrastructure’s business unit, Reliance Cement Company (RCC) has entered into the Amravati market in Maharashtra, in order to sell the building material produced from its Butibori plant in the state. RCC is also planning to enter into Wardha, Chandrapur and Bhandara markets of the western state in the near future.

At present, the entity is setting up two plants of five million tonnes annual capacity each in Madhya Pradesh and Maharashtra. It will be entering these markets from limited production that has already started at its Maharashtra plant. The Madhya Pradesh unit is likely to go on stream within the current fiscal. The company is investing Rs 6,000 crore in these two plants.

Peers
Company Name CMP
NTPC 333.30
Tata Power 365.00
Adani Power 209.85
Power Grid Corpn. 269.10
Adani Energy Solut. 1373.75
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