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Binani Cement plans greenfield cement unit in Gujarat

Project Location : Lodhva, Junagadh district, Gujarat
Project Capacity : 2.5 mtpa

Binani Cement is planning to set up a greenfield cement plant in Gujarat. The project involves setting up a 2.5 million tpa cement plant and a captive jetty in the state. The project is estimated to cost Rs..10000 million. The company has reportedly tied up Rs. 4500 million through a consortium of six banks, including IDBI and Punjab National Bank and the company will invest the rest of the project cost. The company has acquired 25 acres required for the plant in Lodhva village of Junagadh. The company had signed an agreement with Department of Mines and Gealogy, Gujarat to assure raw materials supply. The company expects to cater to East Africa and Gulf markets through its captive jetty

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