# India Cements plans ₹1,600 crore refurbishment of cement plants

India Cements plans to invest ₹1,500-1,600 crore to refurbish its vintage cement factories to improve efficiency. The company has engaged FLSmidth and Krupp Polysius for the project, which may take 15-18 months.

- Type: Investment
- Announced: 2023-02-03
- Where: multiple locations in Tamil Nadu, Andhra Pradesh, Telangana, Rajasthan, India
- Value: $195.0M (16.0B INR)
- Status: announced
- Products: cement
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [India Cements](https://endata.com/companies/35089.md)
- [FLSmidth](https://endata.com/companies/4673.md) (partner)
- [Krupp Polysius](https://endata.com/companies/68338.md) (partner)

## Sources

- [thehindubusinessline.com](https://www.thehindubusinessline.com/companies/india-cements-plans-1600-cr-spend-to-boost-the-efficiency-of-its-vintage-factories/article66466820.ece), 2023-02-03: "Demand is fine, but costs are out of control."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.