J K Lakshmi to double production capacity in three-four years: report

24 Sep 2010 , 09:24 AM

J K Lakshmi Cement reportedly plans to invest Rs18bn over the next three-four years to double its production capacity to 10mn tons. The company is setting up a 2.7-mt greenfield cement plant in Chhattisgarh at an investment of Rs12bn.

According to reports, the Chhattisgarh cement plant will be operational by October 2012 and this would take the total capacity to nearly eight mt. The company will invest Rs5-6bn on setting up a grinding unit in Haryana and capacity addition through brownfield route. The money will be raised through internal accruals and debts, adds report.