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Vicat Group to invest in Andhra Pradesh

A Greenfield cement grinding unit is coming up in Vizianagaram of Andhra Pradesh with an investment of 510 crore rupees.

Vicat Group-French cement major is establishing its Greenfield cement grinding unit under the name of Kalburgi Cements Pvt Ltd.

A MoU has been signed between the French company and the Andhra Pradesh Economic Development Board.

At the Indo-French Economic Partnership, the MoU has been exchanged in New Delhi on Saturday. 

The Group is prepping to invest 1735 crore in India. The French Major has started its operation in India in 2008 with an Indian Partner. 

The company at present has an operating plant of 2.75 MTPA at kalaburagi district in Karnataka. 

Kalburgi Cements CEO, Anoop Kumar Saxena said, the proposed investment will boost the growth, employment and social upliftment of surrounding villages.  

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