India Cements has reportedly acquired a coal mine in Indonesia, which is expected to go on stream by January 2012, for $20 million.
According to reports, India Cements is also in the process of setting up a 50 Megawatt power plant near Tirunelveli in Tamil Nadu. Sluggish growth of cement, increase in fuel and power cost, higher interest rate is the concern of the company and the industry as well. While the input cost have increased 7-8%, output cost rose only 2%.
India Cements acquires coal mine in Indonesia: reports
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