Chemicals sector projects by Hi-Bond Cement (India) Pvt. Ltd. in
Project Information
5863
Hi-Bond Cement (India) Pvt. Ltd.
Rajkot-based Hi-Bond Cement plans to set up a new plant in Rajasthan with at estimated investment of Rs 1,300 crore. For this the company would raise fund from equity market.
"We are planning to set up a cement plant in Rajasthan. We have approached the Rajasthan government with a proposal. Their response was positive. Our team has identified seven locations in the state and we are hopeful to start this project as soon as possible," said managing director of Hi-Bond Cement RajanVadalia.
The company plans to complete the project in three years time. The plant will be set up at an initial production capacity of 3 million tonnes per annum.
Vadalia said, "We will invest about Rs 1,300 crore in Rajasthan to set up the cement plant. We will manage around 60 percent of amount ourselves and the remaining will be raised from the market."
Project Value
INR 1300 Crore /-
Conceptual Stage
Rajasthan
India
Chemicals
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