Sanghi Industries, a manufacturer and marketer of cement and cement products in domestic and international markets, will invest approximately Rs 12 billion to Rs 15 billion over next two to three years to expand the capacity of its cement grinding mill from 4.1 million metric tonne per annum  (MMTPA) to 8.2 MMTPA.

Earlier, Chief Minister of Gujarat, Anandiben Patel had inaugurated the cement grinding mill having capacity of 1.2 MMTPA taking the total capacity to 4.1 MMTPA.

With the investments of approximately Rs 12 billion to 15 billion, the company will double its cement grinding capacity.

Shares of the company gained Rs 2.85, or 4.84%, to trade at Rs 61.75. The total volume of shares traded was 90,126 at the BSE (12.37 p.m., Monday).