Madras Cements to invest Rs 300 cr in this fiscal

Madras Cements to invest Rs 300 cr in this fiscal

For the current fiscal, Madras Cements has lined up investments to the tune of Rs 300 crore. Of the sum, Rs 225 crore will be utilised for setting up a thermal power project.
According to the company's 2011-12 annual report, its Ramasamy Raja Nagar plant is in the process of installing a roll press for increasing the cement-grinding capacity from the present level of 210 tonne per hour (TPH) to 260 TPH.
The cost of the project, including installation of kankar crusher and fly ash-handling system, is Rs 110 crore. The project is expected to be commissioned in March 2013.
At its Salem grinding unit, the company is in the process of installing a roll press for increasing the cement-grinding capacity from the present level of 90 TPH to 230 TPH at a cost of Rs 60 crore. The project is expected to be commissioned in 2012-13.

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