KCP shares climbed over 6 percent intraday Friday after the Chennai-based company decided to expand production capacity of cement unit.
"has decided to expand the production capacity of its cement unit located at Andhra Pradesh with an expected outlay of Rs 400 crores (approximately)," the cement and industrial machinery manufacturer said in its filing.
After this expansion, the capacity of Mukthyala cement plant will increase from 1.8 million tonne per annum (MTPA) to 3.5 MTPA. It has two cement plants - Macherla & Mukthyala - in Andhra Pradesh.
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"has decided to expand the production capacity of its cement unit located at Andhra Pradesh with an expected outlay of Rs 400 crores (approximately)," the cement and industrial machinery manufacturer said in its filing. 
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