The Rajasthan State Industrial Development and Investment Corporation (RIICO) on Wednesday signed an agreement with J.K. Group for establishment of a cement grinding plant at Kotputli in Jaipur district.
A release here said RIICO would make available land to JK Group for the cement plant, while the JK Group would invest Rs. 150 crores in the first phase of the project.
RIICO Managing Director Kuldeep Ranka and Senior Vice-President of J.K. Group, M.L. Goyal, signed the agreement at a simple ceremony in Udyog Bhavan. Among those present were the Director of Bureau of Industrial Promotion, Meera Mehrishi, and Principal Secretary, Industries, Ashok Sampatram.