Reliance Cementation, a subsidiary of Reliance Infrastructure, has reportedly
raised Rs 1,800 crore for its cement plant at Satna, Madhya Pradesh.
The debt has been raised by Reliance Cementation at an interest rate of about
11 per cent from a consortium of banks led by IDBI bank. The company plans to
set up a five million tpa plant at Satna.
A plant with similar capacity is likely to come up in Maharashtra as well.
The projects are part of the company's plan to have a capacity of 10 million
tonne over the next three-five years.
Related Links:
Project profile