Two more plants planned in cement-saturated South

South India has a huge capacity overhang with 150 mn tonnes against a total demand of 60 mn tonnes

Notwithstanding the surplus capacity in south India, two South Indian cement manufacturing companies have proposed to set up new plants in Andhra Pradesh.

Tamil Nadu-based Chettinad Cement Corporation Private Limited and KCP Limited are planning to invest Rs 1,350 crore and Rs 531 crore respectively to establish their new units in the state.

The state investment promotion board headed by Andhra Pradesh chief minister N Chandrababu Naidu has cleared six investment proposals, including these two, involving a total investment commitment of Rs 3,303 crore.

According to the government, Chettinad will set up a cement grinding unit on 75 acres and a manufacturing