Ramco Cement plans to set up a cement plant in the Kurnool district of Andhra Pradesh. Aiming to invest Rs 3,000 crore, the company will also invest in building a 20-km railway line to facilitate connectivity. Its new facility in Visakhapatnam will also be commissioned by October 15, 2014.
Sagar Cements has plans to buy the cement business of Bangaluru-based BMM Ispat Group.The deal, with an enterprise value of about Rs 500 crore, is likely to be sealed soon. The valuation per tonne is expected to be around $80-$85. Once the deal is closed, Sagar´s capacity will increase from 2.75 mn tonne to 3.75 mn tonne as BMM has a 1 mn tonne cement
Contract value: Rs 230 crore Particulars: Civil and electrical works OM Metals Infraprojects has received a contract in JV with SPML Infra from Sardar Sarovar Narmada Nigam. The order is for designing, engineering, manufacturing, supplying and commissioning all civil, mechanical and electrical works on the Kutchh branch canal in Gujarat.
Make no mistake; Gujarat is in the grip of an irresistible momentum, constantly buzzing with activity. From real estate and automobiles to infrastructure activities galore, the state promises to be a viable option for investors and developers in the country and abroad.