Binani Cement Ltd today said it has signed a memorandum of understanding (MOU) with Gujarat Government to set up a greenfield cement plant of 2.5Mta capacity in the state with an investment of INR825 crore.

The plant will manufacture Ordinary Portland Cement (OPC) and Pozzolona Portland cement (PPC) in various grades and the production of OPC to PPC will be ordinarily 50:50 and will be located in Lodhva village in Sutrapada District of Junagadh.

The plant will be completed by December 2010 and is expected to commence commercial production from April 2011, a company statement said.

The cement from this plant will be supplied to the markets in Gujarat, Maharashtra and West Asia, it added.

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