Cement manufacturer Vicat Group is planning to invest Rs 1,300 crore to expand its Gulbarga plant in Karnataka. The plant is a joint-venture between Vicat and Hyderabad-based Sagar Cements. The company plans to set up two identical lines at the cement plant which would take the capacity to 8.25 mntpa in the next four years. The first line had come up with an investment of Rs 1,800 crore with an equity:debt ratio of 35:65.
Contact: Vicat Group.