Kesoram Industries FY11 capex at Rs 11.25 bn

KOLKATA: Kesoram Industries Ltd plans to invest 11.25 billion rupees on capex in FY11, its chairman said on Thursday.

"Considering the expected growth in demand for cement, we have decided to further expand the clinker production capacity by 1.7 million tonnes per annum," B.K. Birla, chairman, Kesoram Industries Ltd, told shareholders during the companys' annual general meeting.

The firm also plans to set up a new 2.5-million-tonne per annum cement grinding plant in Maharashtra, he added.