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Kesoram to invest Rs. 350 cr. on expansion

KOLKATA, JUNE 30. The B. K. Birla flagship Kesoram Industries Ltd today announced over Rs. 350 crore programme for expansion of its production capacity either in cement or tyres. "We are looking for expansion of capacity either in cement or tyres. We are examining the issue and it will be decided during the next 4-5 months," Kesoram Chairman, B. K. Birla, told reporters on the sidelines of company's annual general meeting here. He said the company was examining the matter at board level and has not appointed any consultant for it. "We would like to expand our cement production capacity by one million tonnes from three million tonnes at present and this would require an investment of around Rs. 350 crores," he said. — PTI

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