The investment will raise the capacity of the Kalaburagi plant from 2.75 million tpy to 5 million tpy. The new Vizianagaram grinding will have a capacity 1.75 million tpy.
“We have already acquired 200 acres in Vizianagaram for a grinding plant, which will be wholly-owned by Vicat and will our own brand,” Anoop Kumar Saxena, CEO of Vicat India, told the Times of India.
Vicat Group has been involved in the Indian cement market since 2008, when is established Kalburgi Cement Private Ltd, a wholly-owned subsidiary. The company also owns a 51% stake in Bharathi Cement.
