UltraTech cement deal with RIICO for railway project

UltraTech cement deal with RIICO for railway project
Published: 02 June 2011

UltraTech Cement, an Aditya Birla Group company, signed an MoU with Rajasthan State Industrial Development & Investment Corporation Limited (RIICO) signed an memorandum of understanding (MOU) for commissioning of a railway project in Sikar and Jhunjhunu districts.

The MoU was signed by RIICO’s Managing Director Rajendra Bhanawat and Ultratech Cement Ltd Asstt. Vice President Rakesh Misra. As per the agreement, RIICO will acquire 67.812 hectares of land in Sikar and Jhunjhunu districts for the project.

"The company will lay a 6km railway siding from villages Kolida and Beri in Sikar district to the plant site in village Turkani in Jhunjhunu district. The company is setting up a 3Mt cement project with an estimated investment of INR2500 crores," he said.