Kesoram to Install new Grinding Unit
BK Birla Group's diversified outfit, Kesoram Industries, has earmarked Rs 250 crore for the cement grinding unit at Sholapur, Maharashtra. the company's first standalone grinding unit outside its production base in Karnataka and Andhra Pradesh. The total capacity of the unit will be 7.2 million tonne a year. The first phase of 1.5 million tonne grinding project would be completed very soon, said Arvind Kumar Singh, CEO - Business Operations.
After the rights issue, its net worth now stands at Rs 996 crore and the total debts at Rs 4,700 crore.