Vinod Juneja, managing director, said the company has received in-principle clearances in Mauritius. "It will take 7-9 months to set up the plant. So production will commence from 2009-end," he said. The grinding unit will first produce 0.5Mt cement and capacity will later be increased to 1Mta.
The debt-equity ratio for investment into the Mauritius plant is 1:1 and the project is estimated to cost Rs 75-100 crore. The first tranche of investment will come from Binani and the company will later raise debt for the rest.
