Binani Cement Ltd plans to invest over Rs 900 crore in the next three
years in setting up greenfield plants both in domestic and overseas
locations to take its overall production capacity to 15 million
tonnes by 2011-12.
While the company has firmed up about Rs 800 crore investment for
setting up a new plant in Gujarat with an installed capacity of up to
2.5 million tonnes, it also plans to set up a unit in Mauritius with
a proposed capacity of two million tonnes.
"During Vibrant Gujarat Investor Summit, we are signing an MoU with
the state government to invest about Rs 800 crore to set up a plant
with an installed capacity of up to 2.5 million tonnes," Binani
Cement Managing Director Vinod Juneja told PTI.
The plant, which will be set up at Junagarh district in Gujarat, is
expected to be operational in the third quarter of 2011, he added.
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