Binani Group plans in Mauritius taking shape
The Binani Group has been allotted four hectares near Port Louis by the Mauritius Port Authority for setting a 0.5Mt grinding unit along with a captive power plant.
Mr Vinod Juneja, Managing Director, Binani Cement, said the company had asked for 10ha of land as it intends to expand the capacity of the planned grinding unit to 1Mt.
The company will be investing US$30m in the project to be completed within a year. The debt-equity ratio for investment into the Mauritius plant will be 1:1.
“We will be importing clinker from our plants in India, China and Dubai to tap the African markets. We have no intention of setting up a full-fledged cement factory in Africa as there is no raw material available,” said Mr Juneja.
Source: The Hindu Business Line, India
Published under Cement News
