Bharathi Cement to build two new plants

Hyderabad-based Bharathi Cement is aiming to strengthen its presence in western and eastern India with new plants and products, according to The Economic Times.

The Indian cement producer is planning two new cement plants in Vizag and Mumbai in the next 2-3 years. “The two plants can cater to the demand in eastern and western parts of the country,” said Ravinder Reddy, Bharathi’s marketing director.

He also said the company will next launch an environmentally-friendly composite cement that uses less limestone. He forecasts Indian cement market growth of around 7-8 per cent this year due to pre-election spending.

At present the company, in which Vicat holds a majority stake, has a strong presence in the south, Goa and Maharashtra.