Kesoram to set up cement packaging unit in AP

Kolkata : BK Birla Group outfit, Kesoram Industries, is setting up a 2,000-tonne a day packaging unit in Medak district of Andhra Pradesh at a cost of Rs 8 crore, according to a filing by the company to the stock exchanges. The proposed unit would cater to the packing needs of its cement manufacturing unit at Sedam in Karnataka. The diversified company's principal market for the cement is in the southern region.

Despite poorer performance in the quarter to December 31, 2010, the board of the company on Thursday proposed an interim dividend of Rs 2.25 a share of Rs 10 each. It reported a net loss of Rs 15.26 crore in the Q3 against a profit of Rs 36.83 crore.