India: Himachal inks cement deal with Jaypee group

India: Himachal inks cement deal with Jaypee group
Published: 20 August 2010

The Jaypee group will set up a clinker sation with a 2.75Mta capacity in Himachal Pradesh’s Baga in Solan district.

The company will also set up a 1.5Mt capacity cement grinding unit at Malokhar in Bilaspur with an investment capacity of INR610crore.

A memorandum of understanding(MOU) was signed between the state government and Jaypee group here late Wednesday, director industries department Onkar Sharma, and Jaypee’s CFO Rahul Kumar.

"Both the units will generate jobs for 600 people, most of whom will be locals," said Kishan Kapoor,the state industries minister.