French cement company Vicat plans to invest Rs 1,735 cr to boost capacity

French cement maker Vicat Group, which entered India a decade ago, is seeking to raise its capacity by more than 50% in three years, but would not chase volumes to enhance its shelf-space presence in the world’s second-biggest market for the building material.

The Indian arm of the 2.5-billion euros Vicat Group has outlined an investment of €223 million (Rs 1,735 crore) over the next four years to strengthen its presence in the south and west.