Orissa has continued its growth momentum as a favourite destination for investors attracting investments worth Rs 98,929.49 crore in the April-June period of this fiscal. The most of these new investment proposals are in sectors like power, steel, cement, food processing and downstream industries.
Among the investment proposals in the cement sector, Kolkata-based Icore Super cement Ltd has proposed to set up a cement plant at Somnathpur in Balasore district at an investment of Rs 151 crore.
Madras Cement intends to set up a 4000tpd cement plant at Nandibera in Malkangiri district at a cost of INR750 crore.
Reliance Cementation Ltd has submitted proposal for a 2.8Mta cement plant at Jallangbara in Sundergarh district at a cost of Rs 970 crore.
Similarly, Binani Cement plans to set up a 1Mta clinker grinding unit at Dhamara in Bhadrak district at a cost of Rs 130 crore.