Binani Cement to set up INR 825 crore plant in Gujarat.
Projects today reported that Binani Cement has signed a MoU with the Gujarat Government to set up a Greenfield cement plant of 2.5 million tonne per annum capacity in the state.The plant entailing an investment of INR 825 crore will be set up at Lodhva Village in Sutrapada district of Junagadh(Saurastra).
However, the land requirement for proposed plant is 188 hectare and for mining is 1,532 hectare.The new facility will manufacture Ordinary Portland Cement and Pozzolona Portland cement in various grades.The project will be completed by December 2010 and the commercial production will commence from April 2011. As per report, the cement from this Binani plant will be supplied to the markets in Gujarat, Maharashtra and Middle East. Binani will also be required to the pay INR 17 crore per annum as the royalty and cess on limestone to the state.
Friday, January 16, 2009
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