Wonder Cement makes Rs 450 crore investment in Maharashtra clinker grinding unit

Marking its foray into Maharashtra, Wonder Cement has invested nearly Rs 450 crore to set up a two-million tonne per annum clinker grinding unit in Dhule..

A part the of Rajasthan-headquartered RK Group, Wonder Cement has made this investment in addition to the earlier announced plan to invest Rs 2,500 crore by the end of financial year 2020.

The company’s Managing Director JC Toshniwal was quoted as saying by BusinessLine: “The Dhule plant will distribute cement mainly across Maharashtra, while a minimal quantity would be supplied to Madhya Pradesh.”
He added that the plant will supply mainly to North Maharashtra and Thane, Mumbai and Pune. The facility is located at Nardana, about 30 km from Dhule.

Image Credit : images.financialexpress.com

Research Desk

Next Post

IL&FS Transportation inks agreement with Ramky Infrastructure

Tue Aug 21 , 2018
IL&FS Transportation Networks has inked definitive agreements with Ramky Infrastructure to acquire and sell stake in two special purpose vehicles (SPVs). In a regulatory filing, IL&FS Transportation Networks said, “the company has signed definitive agreements with Ramky Infrastructure for the sale of entire equity stake of 11,67,50,000 shares. representing 50 […]
IL&FS Transportation inks agreement with Ramky Infrastructure

Categories

Blog Stats