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Monnet Ispat forays into cement sector

Monnet Ispat group is also present in steel and power generation is planning to diversify into cement sector. Both its activities of power generation and steel producing generates lots of fly ash and slag and can be used now for cement production. It is planning to set up cement projects in the state of Gujarat and Chhattisgarh with an investment of Rs. 24000 million and is likely to be christened “Monnet Cement”. It will first set up cement plant in Raipur in Chhattisgarh with a capacity of 3 mtpa. It is likely to become operational by 2013.

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