Vicat Group pumps Rs 300 crore to expand cement capacities in India

French cement giant Vicat Group today said it has invested Rs 300 crore this year to expand cement capacities to meet growing demand in south and eastern parts of the country and launched its Vicat brand in India. "To meet the overall 5 per cent growth in cement industry, we have major expansion plans in India. We have chalked out Rs 1,700 crore investment plans by 2021 to increase our cement manufacturing capacity to 13 million tonnes (mt), Vicat India CEO Anoop Kumar Saxena told reporters here. "We have already invested Rs 300 crore this year. Our expansion plan includes setting up of 1.2 mt of bulk cement terminal at Kalamboli in Mumbai and second line of 2.75 mtpa capacity in existing Kalburgi cement plant and establish a grinding unit of 1.7 mtpa capacity at Vizag in Andhra Pradesh to expand our footprint, Saxena said. The company has an integrated cement plant consisting 2 lines in Kadapa district of Andhra Pradesh. The total capacity of group in India is 7.75 mtpa.