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Vicat Sagar to set up 5.5 mtpa cement unit in Karnataka

Vicat Sagar, the French cement major is planning to set up a greenfield cement plant in Karjikhed & Burugupalli Village, Chincholi village in Gulbarga district in Karnataka. It will add two clinker production lines with dry process with a capacity of 5.5 mtpa and the first production line is expected to get ready by 2012. The first phase will entail an investment of 17,500 million. The International Finance Corp, a member of World Bank group is expected to invest Rs.4500 million in the project.

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