Madras Cements to invest Rs 360 cr on Vizag unit

To set up a new grinding unit in Andhra Pradesh, Madras Cements plans to invest Rs 360 crore and another Rs 55 crore to increase its power generation capacity. The new unit will come up at Visakhapatnam and is expected to be commissioned in the second quarter of 2014-15, according to the company's annual report 2012-13. It was further stated that the necessary clinker for this plant would be transported from its Jayanthipuram plant.

The output from this plant would be marketed in coastal Andhra Pradesh, particularly Vizag district and in Odisha and Chattisgarh. The company, in the recent past, had established three grinding units near the fly ash availability areas and the major cement consumption areas.