Sanghi Industries, a subsidiary of the Sanghi Group, is looking to raise approximately RS660 crore to contribute towards an expansion programme that should triple the company’s capacity. Sanghi Industries, already operating a 2.6 million t plant in Gujarat, estimates that the investment will cost RS1100 crore.
Expanding with the recovery
Alok Sanghi, director of Sanghi Industries, said, 'we are revisiting our earlier plans that had been suspended due to the recession. Seeing recovery in the economy, we have decided to go ahead with the expansion.'
This expansion is part of Sanghi Industries’ plans to increase its overall cement capacity to 8 million t, as the Indian market is set to grow 12 - 13% annually in line with the construction of new roads and infrastructure.
Read the article online at: https://www.worldcement.com/asia-pacific-rim/15032010/sanghi_industries_seeks_capital_expansion_programme/