Binani Cement is foraying into commercial real estate development in order to
cash in on its idle land bank.
The company is expected to develop an IT park jointly with a partner on 56
acre it has in Thane near Mumbai. The construction work is likely to commence in
a few months and the project is expected to be completed by 2011.
Also See:
Binani
Cement eyes overseas acquisition (28-Oct-09)