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Wonder Cement plans to double cement capacity

Press Trust of India  |  * Jaipur 

Wonder Cement Ltd, part of the RK Marble group, today announced its plan to double its cement capacity from the current 3.25 million tonnes to 6.75 million tonnes this year.

"We currently have a capacity of 3.25 million tonnes and 50-52 per cent of the total production is supplied within the state and rest is supplied to other states. Now we plan to increase our manufacturing capacity to 6.75 million tonnes this year," a company official said here.

MD of the Wonder Cement, DP Somani said that that the company has set the target to tap the potential and opportunities in the cement industry.

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Rise Group to invest about Rs 40 cr by March 2016 * Education and training group Rise is planning to invest around Rs 40 crore by March 2016, to empower the rural youth by giving them vocational training.

The government's initiatives around skill development has been conducive for the employability sector and the drive for education and employment oriented training programmes are gaining vigorous momentum in current times.

"Our investments are driven by our impartial objectives to empower the socially and economically marginalised section of society," Rise Group CEO Ajay Chhangani said adding "by the first quarter of next year, that is, by March 2016, our investment target has been projected at around 40 crore."

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Uttam Galva Steels Q2 net down 33.25 pc to 5.

First Published: Fri, February 06 2015. 19:40 IST