The Aditya Birla Group firm, Grasim Cement Industries, is to build the proposed Rs 1,000 crore Sundernagar cement plant in Himachal Pradesh’s Mandi district. Grasim Industries has acquired the works from Harish Chandra Company to set up the Sundernagar cement plant, the source said.
The Himachal Pradesh government has signed a deal with the Harish Chandra Company in 1993 to set up the plant which will have an annual capacity of 1.27Mt of cement. But work could not start on the proposed project due to the weak financial condition of the company. Now, after over a decade, the work has been awarded to Aditya Birla Group. By doing so, the Himachal government now hopes work would finally progress on this much delayed project.