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News Sanghi Industries to raise US$180m for expansion

Sanghi Industries to raise US$180m for expansion

Written by Global Cement staff 10 November 2016
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India: Sanghi Industries plans to raise US$180m towards increasing its production capacity. It has recently increased the production capacity at its Kutch cement plant by 1.2Mt/yr to 4.1Mt/yr, according to the Times of India. Following this the cement producer intends to increase its capacity to 8.1Mt/yr in the next three to four years. It plans to raise funds through a mix of internal accruals, debt and equity. The company is also building a 15MW waste heat recovery system that is likely to be commissioned by the end of 2018.

Last modified on 16 November 2016
Published in Global Cement News
Tagged under
  • India
  • Sanghi Industries
  • Upgrade
  • Gujarat
  • Investment
  • GCW277

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