Corporate News     05-Jan-18
Sanghi Industries announces Rs 1250 crore expansion plan
To increase capacity from 4.1 MMTPA to 8.1 MMTPA
Sanghi Industries has decided to expand its capacity from 4.1 MMTPA to 8.1 MMTPA as under:

a. Expansion Plan will primarily consist of

(i) brownfield expansion of 3.3 MTPA Clinker Capacity and 2 MMTPA Cement Capacity within the premises of our existing plant at Sanghipuram, Gujarat and Satellite grinding unit of 2 MMTPA cement capacity

(ii) 65 MW Thermal Power Plant unit adjacent to our existing captive thermal power plant at Sanghipuram, Gujarat.

b. The estimated cost of the expansion plan will be around Rs 1250 crore, out of which around Rs. 800 crores will be funded from borrowings. The Company has received sanctions from banks and financial institutions for the same.

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