Gujarat based Sanghi Industries, a subsidiary of the Sanghi Group, plans to
raise about Rs 660 crore in debt for part-financing its Rs 1,100 crore expansion
programme. Of this, about Rs 440 crore is expected to come through equity
The company, which currently operates a 2.6 million tonne cement plant at
Motiber in Kachchh district of Gujarat plans to raise its cement capacity to
eight million tonne. The company will therefore add 5.4 million tonne capacity
at the plant.
Sanghi sells its cement products mainly in Kachchh and south Gujarat and is
planning to enter newer markets such as Karnataka, Kerala and Maharashtra.