Reliance Cement Company (RCC) today announced its entry in to the West Bengal market, thereby expanding its footprint in the domestic market in line with its vision to be a part of the Indian infrastructure development.
Reliance Cement already sells in the key cities of Maharashtra, Madhya Pradesh, Uttar Pradesh and Jharkhand where it has established itself to become the most favoured brand.
Commenting on the developments, Arvind Pathak, CEO Reliance Cement, said, ''West Bengal is one of the largest cement consuming states in Eastern India with total consumption of around 14 million tons per annum. With the ever increasing industrial activities, real-estate, construction and infrastructure, in addition to the onset of various Industrial Zones being developed in West Bengal the market is expected to grow at the rate of 8% over the next few years. Reliance Cement is well positioned and equipped to fulfil the gap in demand and supply.''
Shares of the company declined Rs 15.7, or 2.21%, to trade at Rs 696.25. The total volume of shares traded was 443,186 at the BSE (2.52 p.m., Wednesday).