MSP group plans cement unit in north-east

MSP group plans cement unit in north-east
Published: 19 July 2007

MSP group is planning to set up a 1Mt cement unit in north-east India, according to its director Saket Agrawal.

The total investment in the unit, which will include a manufacturing plant and a captive power station, would be around Rs 600 crore, Agarwal said.

"We are scouting for suitable land in the area and have already started talking to banks and financial institutions for financing the project," he said and added that the group would create a separate company for the cement business.