Heidelberg Cement India is planning to raise Rs 370 crore by issuing non-convertible debentures (NCD) on private placement basis. The company has appointed India Ratings and Research, a Fitch group company, as the credit rating agency for the purpose of obtaining credit rating in view of the proposed issue of debentures.
Recently, the company said that it is planning to treble its capacity in India to 15 mtpa in three-four years through inorganic and organic routes involving over Rs 8,000-crore investment. It has 5.4 mtpa capacity now.
Heidelberg Cement India is one of the leading producers of building materials worldwide. The company manufactures portland slag cement and portland pozzolana cement. The company has manufacturing facilities located at Ammasandra (Karnataka), Damoh (MP) and Jhansi (UP) and has total production capacity of 5.9 million tonnes per annum.
Recently, the company said that it is planning to treble its capacity in India to 15 mtpa in three-four years through inorganic and organic routes involving over Rs 8,000-crore investment. It has 5.4 mtpa capacity now.
Heidelberg Cement India is one of the leading producers of building materials worldwide. The company manufactures portland slag cement and portland pozzolana cement. The company has manufacturing facilities located at Ammasandra (Karnataka), Damoh (MP) and Jhansi (UP) and has total production capacity of 5.9 million tonnes per annum.
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