JK Lakshmi Cement plans to set up a greenfield plant in Gujarat worth Rs 1,000 crore, over the next three to four years. The proposed two million tonne (mt) unit will boost its existing operations, which includes a cement plant in Sirohi (Rajasthan), besides a grinding unit near Ahmedabad, with total annual cement manufacturing capacity of 4.7 mt.

The company is awaiting a mining lease for limestone in the region for the Gujarat project. The proposed unit will be funded through internal accruals and debt. The company is also setting up a second 0.6 mt cement grinding unit in Haryana and a 2.7 mt cement unit in Chhattisgarh by October 2012, which would take its annual producing cap

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