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News Kanodia Cement to launch IPO

Kanodia Cement to launch IPO

Written by Global Cement staff 31 October 2024
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India: Kanodia Cement plans to launch an initial public offering to raise approximately US$95m, with a draft red herring prospectus expected to be filed with market regulator SEBI by the end of December 2024. The company currently has a production capacity of 5Mt/yr, with plants in Uttar Pradesh and Bihar. CEO Gautam Kanodia said that the company has plans to expand its cement capacity to 10Mt/yr.

Last modified on 13 November 2024
Published in Global Cement News
Tagged under
  • India
  • Kanodia Cement
  • IPO
  • Expansion
  • GCW684
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