×
Home Companies Industry Politics Money Opinion LoungeMultimedia Science Education Sports TechnologyConsumerSpecialsMint on Sunday
×

Binani Cement to raise $125 mln to boost capacity

Binani Cement to raise $125 mln to boost capacity
Comment E-mail Print Share
First Published: Mon, Jan 21 2008. 06 58 AM IST
Updated: Mon, Jan 21 2008. 03 23 PM IST
Mumbai: The board of Binani Cement Ltd has approved raising up to $125 million in foreign currency for expansion of its production capacity and for overseas acquisition.
It plans to expand its annual capacity to 6 million tonnes by the year-end from the present 4.5 million tonnes, it said in a statement released over the weekend.
It also reported a net profit of Rs539.5 million for October-December, and earned revenue of Rs6.42 billion in the first nine months of the year that began 1 April.
The comparable figures were not available as the company was hived off from its parent Binani Industries Ltd .
Comment E-mail Print Share
First Published: Mon, Jan 21 2008. 06 58 AM IST