According to the reports, Chettinad Cement's expansion plans are on track with the company commissioning a 2.5-million-tonne a year factory in Karnataka. This plant, which was commissioned in the fourth quarter of 2011-12, paves the way for its entry into the western markets – North Karnataka and
Maharashtra.
The next phase of expansion will be in Dachepalle, Guntur District, Andhra Pradesh, where a 3.5-million-tonne greenfield plant will come up. Land acquisition is on and the approvals are under process. The company has entered into an agreement with the State Government for the project. The company's proposed delisting will not impact its expansion plans. The company has opted for internal accruals and bank debt to fund the projects.
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Maharashtra.
The next phase of expansion will be in Dachepalle, Guntur District, Andhra Pradesh, where a 3.5-million-tonne greenfield plant will come up. Land acquisition is on and the approvals are under process. The company has entered into an agreement with the State Government for the project. The company's proposed delisting will not impact its expansion plans. The company has opted for internal accruals and bank debt to fund the projects.
....more info