Lanco Industries has withdrawn its proposal for setting up Mini Cement Plant of 300,000 TPA with Rotary Kiln at an estimated capital outlay of Rs 125 crore. The company has taken this step by considering the present market scenario of cement in Andhra Pradesh. The board at its meeting held on November 10, 2012 has approved for the same.
Lanco Industries is engaged in the manufacturing of DI pipes, foundry and SG-grade pig iron and portland slag cement with DI pipes being the main product.