Economy & Market
Lanco to invest 125 cr
The Andhra Pradesh-based Lanco Industries plans to invest Rs 125 crore in a cement plant project and has surged nearly 9 per cent for the same.
The management of the company has approved the project of mini cement plant of 3, 00,000 tonne per annum with rotary kiln at an estimated capital outlay of Rs 125 crore in place of existing vertical shaft kiln.
Due to better demand, Lanco Industries' production and sale of cement during financial year 2011-12 has seen a substantial rise, by about 47 per cent, the company said.
Contact: Lanco Industries.
Tel: 08578-2866 5055.