Burnpur Cement plans 1Mt plant in Jharkhand, India

Burnpur Cement plans 1Mt plant in Jharkhand, India
Published: 10 May 2007

Burnpur Cement Ltd (BCL), a West Bengal-based cement manufacturer, has tied up with ThyssenKrupp Industries India for setting up a1Mt at Patratu in Jharkhand with an eye on the 8-9% demand growth. Ashok Gutgutia, vice-chairman and managing director of BCL, said the plant, to be set up in two phases, will involve a total investment of Rs 500 crore, of which Rs 120 crore will be invested in the first phase expected to be complete by 2008. Gutgutia said BCL has already entered into an agreement with a consortium of eight banks led by the  State Bank of India for term loan.