Financial Daily from THE HINDU group of publications
Thursday, Jun 23, 2005
Financial Daily from THE HINDU group of publications Thursday, Jun 23, 2005 |
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Corporate
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Announcements L&T plans 100 more RMC plants Our Correspondent
Madurai , June 22 LARSEN & Toubro (L&T) has plans to set up 100 more ready mix concrete (RMC) plants as the business would grow manifold in the coming years, L&T Senior Vice-President (Operations) and Member of the Board, Mr K.V. Rangaswami, has said. Addressing presspersons after inaugurating a fully automated RMC plant, set up at a cost of Rs 3.50 crore at Gundur near Tiruchi recently, he said that L&T has been manufacturing and supplying two million cubic metres of L&T concrete annually and the same would increase to five million cubic metres in the years to come as the demand would grow manifold in future. The move to set up more plants in the next five years is to enable the company penetrate deeper into the existing market and meet the ever-increasing construction needs and customer specific applications, he said. Referring to Tamil Nadu, he mentioned that L&T has already established seven RMC plants — three at Chennai, two in Coimbatore and one each at Madurai and Tirupur respectively. The new facility at Tiruchi, eigth in the State and 40th overall, has a per hour capacity of 30 cubic metres and will cater to an area within a radius of 50 km from the plant.
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