J K Lakshmi will pump Rs 1,200 crore in new facility

J K Lakshmi will pump Rs 1,200 crore in new facilityJ K Lakshmi Cement has decided to pump in Rs 1,200 crore for establishing a greenfield facility at Durg (Chhattisgarh) that will step-up total production capacity of the company by over 50%. In a proclamation, the company said that its upcoming facility will have a capacity of 2.7 million tonnes per annum and is expected to be operational by fiscal 2012-13.

Presently, company's facility at Sirohi (Rajasthan) and the grinding unit at Ahmedabad possess a total capacity of 5 million tonnes. Cement Major JK Lakshmi Cement is active in manufacturing and selling of cement. The company operates through its trading arm namely Hansdeep Industries & Trading Co Ltd.