Emami, the Kolkata based FMCG company, is entering the cement sector and
plans to invest Rs 1,750 crore to set up production units in the next three
years. The funds are to be amassed through a mix of internal accruals and debt.
The three projects are likely to have a 2.5:1 debt-equity ratio and the
group's contribution will be Rs 500 crore.
Emami Cement will set up a fully integrated cement plant in Chhattisgarh with
an installed capacity to produce 3.1 million tpa. The company has already
acquired 400 acre in the state for starting an integrated plant.
The company is also expected to set up two grinding units, one in Orissa with
an annual capacity of 0.6 million tpa and another in West Bengal with 1.5
million tpa capacity, simultaneously.
Also See:
Emami
Group chalks out major investment blueprint (13-Aug-09)