Vasavadatta Cement to set up new plants
Vasavadatta Cement, part of Kesoram Industries the flagship company of BK Birla group of companies, is planning an investment of Rs 1,000 crore over a period of time for setting up new plants and capacity expansion at its existing facilities.
The company has decided on its next phase of expansion in Gulbarga district in Karnataka and is awaiting the Karnataka government's support for land allotment containing the environmental clearances as well. The proposed expansion would take the total capacity to over 8 million tonne from the present 6 million tonne. "The company's proposed expansion is going slow due to land allotment issue. After getting clearances the company would initiate our work on new plants which may cost about Rs 1,000 crore. The total capacity would then touch 8 million tonne in the next two years," stated KC Jain, wholetime director of Kesoram Industries.