Lafarge to invest USD one billion in India

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Mumbai, Jul 15 (UNI) French cement-maker, Lafarge plans to invest USD one billion over five years to expand its cement capacity in India to around 20 million tonnes.

Lafarge, which bought top engineering and construction firm Larsen&Toubro's concrete unit for USD 350 million in May, plans to build three plants with a capacity of 2.5 million tonnes each, the report said.

Lafarge India officials could not be immediately reached for comment.

In 1999, the French firm had bought Tata Steel's cement business and two years later it acquired the cement units of textile firm Raymond India.

It is currently expanding its three plants in India to reach an annual capacity of 12 million tonnes, the report added.

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