Gujarat limestone supply deals to be signed, India

Gujarat limestone supply deals to be signed, India
Published: 27 June 2011

State-promoted mineral major Gujarat Mineral Development Corporation (GMDC) has cleared the way for limestone supply to some of the cement projects signed during the Vibrant Gujarat Summit.

Companies like Anil Ambani Group’s Reliance Cementation, ACC and Adani are likely to sign long-term supply agreements with GMDC soon, sources close to the development said.

GMDC has allocated close to 10Mt of limestone reserves for four cement manufacturing projects. "We had received expressions of interest (EoIs) from six or seven cement players. Of them we have short-listed around four companies and have also identified limestone from our own reserves. We are now waiting for government approval to enter into long-term supply agreements with these companies," said a GMDC official.

At least three of these companies are major players like ACC, Reliance Cementation and Adani Enterprises. GMDC has allocated 2.5Mt of limestone reserves for each at Kutch.

Anil Ambani group led Reliance Cementation has signed memorandums of understanding (MoU) with the Gujarat government to set up 5Mta plants each at Kutch, Junagadh and Porbandar.

Source: Business Standard