French Cement Company Plans to Invest Rs. 1,735 Cr.

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The Indian arm of the 2.5-billion euros Vicat Group has outlined an investment of €223 million (` 1,735 crore) over the next four years to strengthen its presence in the south and west. It will also seek to enter the east, chief executive of Vicat India, Anoop Kumar Saxena, said at the inauguration of a 1.2-million tonne bulk cement terminal in Mumbai. French cement maker Vicat Group, which entered India a decade ago, is seeking to raise its capacity by more than 50% in three years, but would not chase volumes to enhance its shelf-space presence in the world’s secondbiggest market for the building material.