ACC is eyeing to set up 15 lakh tonne cement factory at Kharagpur, West Midnapore district in state of West Bengal entailing an investment of Rs 600 crore. The proposed factory would begin production within the next three years. The company has already initiated talks with the West Bengal government for the same.
The company has reported 38% fall in its net profit at Rs 259.09 crore for second quarter ended June 30, 2013 as compared to Rs 417.93 crore for the same quarter in the previous year. Total income of the company has decreased by 0.26% at Rs 2886 crore for quarter under review as compared to Rs 2893.54 crore for the quarter ended June 30, 2012.