Emami Ltd plans to invest nearly Rs 1,000 crore for setting up a cement plant and a 450-bed hospital over the next two to three years.
“We are working on a plan to set up a cement plant in West Bengal with an estimated investment of Rs 500 crore. This will be basically a grinding plant,” Aditya V Agarwal, Non-Executive Director, Emami Ltd, told reporters here on Wednesday on the sidelines of the company’s 30th annual general meeting.
The Kolkata-headquartered personal and healthcare major is in the advanced stages of identifying the location for the cement plant.
“Two places have been identified – Mejia in Bankura district and another place in Purulia district. We will shortly finalise the location,” a company official said.
Emami Ltd has reported a Q1FY14 PAT growth of 30.2 per cent at Rs 61 crore (Rs 47 crore). EBITDA at Rs 59 crore improved 27.9 per cent. The company said that early monsoon affected summer brands’ sales. Its total income from operations during the quarter was at Rs 384 crore (Rs 339 crore).