Kolkata based Emami Group is entering in to Cement Sector:
Kolkata based Emami Group a fast moving consumer goods manufacturing company, is entering in to cement sector and plans to invest Rs 1,750 crore to set up production units in the next three years. The funds are to be to be arranged through a mix of internal accruals and debt.
The three projects are likely to have a 2.5:1 debt-equity ratio and the group's contribution will be Rs 500 crore.
Emami Cement will set up a fully integrated cement plant in Chhattisgarh with an installed capacity to produce 3.1 million tpa. The company has already acquired 400 acre in the state to start an integrated plant.
The company is also expected to set up two grinding units, one in Orissa with an annual capacity of 0.6 million tpa and another in West Bengal with 1.5 million.
The three projects are likely to have a 2.5:1 debt-equity ratio and the group's contribution will be Rs 500 crore.
Emami Cement will set up a fully integrated cement plant in Chhattisgarh with an installed capacity to produce 3.1 million tpa. The company has already acquired 400 acre in the state to start an integrated plant.
The company is also expected to set up two grinding units, one in Orissa with an annual capacity of 0.6 million tpa and another in West Bengal with 1.5 million.
Contact us: Project Master KPO Pvt. Ltd.,Ms. Varsha Sagar, Tel: 022-65250024/ 25, E-mail: varsha.s@projectmasterkpo.com
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