India: 21 new cement plants to come up in nine districts

India: 21 new cement plants to come up in nine districts
Published: 23 November 2010

Twenty one new cement plants will be set up in Madhya Pradesh. 18 Big industrial groups like Aditya Birla Group, Ambuja Cement, Dalmia Cement, Imami Cement and Essar Cements Ltd etc will invest 25,726 crore for setting up 21 new cement plants. Around 25,000 people are expected to get direct and indirect employment from these cement plants.

These cement plants will come up in nine districts - Satna, Rewa, Panna, Damoh, Sagar, Dhar, Mandsaur, Katni and Jabalpur.

The Global Investors’ Summit-II held at Khajuraho in October this year signed the maximum number of MoUs, 49 in the mining sector. Out of this 21 MoUs were signed for setting up cement plants.

The biggest agreement was signed with Ultratec Company of Aditya Birla Group. The company will invest a total 6000 crore to establish three cement plants in two districts. The company has signed agreement for setting up one cement plant in Dhar district at an investment of 1600 crore and two in Satna district. The company will invest 4400 crore for the two cement plants to be set up in Satna district.

The Jayprakash Associates will invest 1000 crore to set up one cement plant in Satna district and another cement plant in Sagar district with an investment of 200 crore.

Agreements have been signed to establish maximum nine cement plants in Satna district. The remaining six cement plants will be set up by Surya Global Cement Ltd, with an investment of 2690 crore, Essar Cements Ltd, with an investment of 2,100 crore, Dalmia Cement with an investment of 2000 crore, Imami Cement with an investment of 1750 crore, AV Mines with an investment of 301 crore, and Sainath Ventures Pvt Ltd with an investment of 300 crore.

The Visa Cement Ltd, and Bundelkhand Resources Pvt Ltd, will set up one cement plant each in Rewa district.

Four companies have signed the agreement to establish one cement plant each in Panna district.

According to the agreement, the Sunflag Infrastructure will set up one cement plant with an investment of 833 crore, Khajuraho Cement with an investment of 430 crore, Response Merchant Pvt. Ltd with an investment of ’400 crore and MB Ispat Corporation with an investment of 400 crore.

Apart from this, RMG Super Conductors will invest 1500 crore to set up cement plant in Katni district, Delbi Mining and Power Pvt Ltd will invest 1230 crore to set up cement plant in Damoh district and Ambuja Cement will invest 300 crore for setting up a cement plant in Mandsaur district. Pioneer Cement Industries Ltd will invest 1500 crore to set up a cement plant either in Jabalpur or in Panna district.Published by HT Syndication with permission from Pioneer.