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Chettinad Cement to commission Karnataka unit
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PM News Bureau
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Thursday, February 09, 2012, 11:30 Hrs [IST]
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Chettinad Cement plans to commission a 2.5 mtpa cement plant in North Karnataka in the current fiscal and also expand its operations in Andhra Pradesh. The company is also mulling a 1.5 mtpa grinding unit in Maharashtra.
As part of its expansion, the company decided to expand its 11.50 mtpa production capacity by nearly 15 million tonnes with 7.5 mtpa each in Karnataka and in Andhra Pradesh. Apart from a greenfield cement plant, the company also has other plans for Andhra and is looking to launch its operations with an acquisition of a 1.5 mtpa unit. The expansion will be completed by 2015. Besides, the company has acquired 650 acres in Guntur district for a 3.5 mtpa integrated cement unit with a 100-MW captive plant. It will also develop a 2 mtpa grinding unit in Visakhapatnam.
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