Western India cement major Sanghi Cement, which has recently started selling its product in South India, is planning to invest Rs 1,200 crore-Rs 1,500 crore in coming two years, including a possible terminal south of Mumbai, to explore markets in the Deccan Plateau.
“We plan to double the capacity of our Kutch plant from 4.1 million tonnes per annum to 8.4 million tonnes per annum, and also set up one more terminal in Gujarat, and another one south of Mumbai — may be in Mangaluru or near Dharwad — depending on the finalisation of our plan,” Sanghi Cements Director Aditya Sanghi said on Thursday.
Sanghi recently entered the Kerala market for sale of its cement. “Our decision for setting our presence in South is pretty tricky as price here fluctuates as much as 30 per cent in two months. This makes it that much difficult to plan, but we are looking to explore new markets,” he added.
Aditya was speaking to reporters after inauguration of Sanghi Industries’ new grinding unit at its plant in Kutch, a new unit of 1.2 million tonnes per annum (MTPA) that increased its cement production capacity to 4.1 MTPA at a cost of Rs 125 crore.
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