Emami Group to invest Rs 8,500 cr in cement arm – Feedback

Shortly after venturing into the cement space, the Emami Group is aiming at capacity of 15-20 million tonnes (mt) in the next three to five years, from the existing 2.4 mt, investing Rs 8,500 crore to do so.

The cement arm of the diversified group will invest Rs 3,500 crore to build a 5.5 mt per annum (mtpa) clinker unit in Chhattisgarh and two grinding units of 1.5 and 2 mtpa each in Odisha and West Bengal. “A part of the limestone will be used up in the Chattisgarh plant and the rest will be sent to the grinding units in Odisha and West Bengal,” Aditya V Agarwal, director of the Emami Group of Companies said. The Chhattisgarh unit is expected to achieve full capacity utilisation in 2018. In the same year, the Odisha grinding unit is to commence production. The West Bengal unit will start in January next year.

http://www.business-standard.com/article/companies/emami-group-to-invest-rs-8-500-cr-in-cement-arm-116102400838_1.html

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