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Article: India : My Home plans 10 million tonne cement capacity.
- Article from:
- TendersInfo
- Article date:
- November 12, 2009
CopyrightCOPYRIGHT 2009 Al Bawaba (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: shiv03
Hyderabad-based My Home Industries plans to increase its cement manufacturing capacity to 10 million tonnes in the next five years at an investment of Rs 3,000 crore. The company has about 3.5 million tonnes cement capacity at Nalgonda in Andhra Pradesh.
My Home, a closely held company with interests in construction and building materials, recently sold a 50% stake to Irish cement maker CRH for Rs 1,840 crore.
"We are working on a strategy to acquire some existing units and set up greenfield units as well. It will be finalised shortly," My Home chairman and managing director J Rameshwar Rao said. "We are yet to decide on the mode ...