Adani group to foray into Indian cement sector
Adani Enterprises has chalked out plans to foray into cement sector. The group’s entity Adani Enterprise is aiming to set up a 5Mta cement and clinker unit in Kutch for an estimated investment of Rs 1800 crore.
Adani is in the process of setting up a 4,600MW power project in Mundra which together with Tata’s UMPP in the same area is expected to generate about 4Mta of fly-ash that is used for blending with cement.
“The capacity of the cement plant looking at the fly-ash available can be ramped up to 8Mta,” said sources close to the development.
When contacted an official of Adani group confirmed the development and said that it made business sense to foray into the sector and they had been planning it for quite some time. He however, refused to divulge more details. Published under Cement News
