Madras Cements Mulls Rs 105cr Kolaghat Unit

Kolkata: Madras Cements Limited (MCL) of the Ramco group targets at capturing 7-8 per cent of the market in West Bengal with its upcoming grinding mill at Kolaghat in Midnapore next year. The current installed capacity in the state was nearly 4 million ton per annum (mtpa), and the market size was pegged at 7mtpa.The state market was hoped to increase with implementation of several announced infrastructure sector projects as well as a host of manufacturing projects in the coming years. The plant will have an initial capacity of 9.5 lakh ton per annum, that will be scaled up in the coming 3 years to 2mtpa. The first phase investment in the project was around Rs 105 crore. Work will begin by the end of this year and scheduled commissioning date was August 2008.