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India Cements incorporates new subsidiary for infrastructure business

21 May 2013 Evaluate

The Cement major India Cements has incorporated a new subsidiary namely -- India Cements Infrastructure -- for infrastructure business during the fourth quarter.

After the incorporation, the first project which the company bagged was from Kerala for laying pipeline for a water drainage project. As of now, the company has orders worth Rs 120 crore.

India Cements manufactures Ready to Mix concrete (RMC)-53 grade cement. Its Coromandel King, Sankar Sakthi and Raasi Gold are 53 grade OPC (Ordinary Portland Cement), which are high strength cement used for building runways, concrete roads and bridges.

Peers
Company Name CMP
Ultratech Cement 12295.00
Ambuja Cements 388.50
ACC 1238.75
Shree Cement 25075.00
Dalmia Bharat 1482.90
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