Investment in cement sector in Odisha
Balasore, Bargarh, Cement, Jharsugurha, Malkangiri, Sundergarh June 19th. 2010, 12:33amFollowing is excerpted from a report in Financial Express by Dilip Bisoi.
- five units entailing a total investment of Rs 4,162 crore.
- The state promises 2.224 billion tonne of limestone deposits. Moreover, Orissa is going to generate huge quantity of blast furnace slag and fly ash as a large number of steel units and coal-fired power plants are coming up in the state.
- Madras Cements, which is known for its popular Ramco brand, is proposing to set up two cement projects in the district of Sundergarh and Malkangiri of the state. While it is planning a 2 million tonne per annum (MTPA) plant along with a 40 mw captive power station at a cost of Rs 750 crore in Sundergarh, in Malkangiri it is going to set up a 2 MTPA unit along with a 35 mw power station at a cost of Rs 700 crore.
- Madras Cements is also going to invest Rs 35 crore to set up a cement fibre sheet plant in Sundergarh district.
- Shree Cement, which is known for its Bangur brand, is planning to set up a 3 MTPA unit and a 50 mw power plant at a cost of Rs 683 crore in Malkangiri district.
- ACC Cement, which acquired the Bargarh Cement Plant of the Orissa government in 2004, intends to set up a 3 MTPA cement plant and a 50 mw power plant at a cost of Rs 1,850 crore in Malkangiri.
- The Kolkata-based Emami Group is proposing to invest Rs 179 crore to set up a 0.6 MTPA cement grinding facility at Somnathpur in Balasore district. The group has a newsprint manufacturing unit at Balgopalpur in Balasore district.
- Earlier, the government signed three MoUs in the cement sector. Grasim Cement of the Birla Group signed an MoU in 2006 to set up a 0.90 MTPA cement plant in Sundergarh district at a cost of Rs 1,200 crore, while ASCO Cement is putting up a 0.50 MTPA unit at a cost of Rs 132 crore at Rajgangpur in Jharsuguda district.
- OCL India, which already has a ement unit in the state, is setting up another unit in Sundergarh district with an investment of Rs 850 crore.
- Companies like Shiva Cement, Chariot Cement, Sita Cement already have cement manufacturing facilities in the state.