India cements to invest Rs 500 cr

Chennai-based cement maker, India Cements Limited, is expected to make an investment of around Rs 500 crore during the next two years, mainly in its power plant and coal project in Indonesia.

“The investment in the current financial year is likely to be around Rs 450 crore,” company officials said in a conference call with analysts. The company’s power plant in Andhra Pradesh, involving an investment of Rs 250 crore, would be completed by March 2013, they said.