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Emami group to diversify into cement sector

Project Location : Chhattisgarh, Chhattisgarh

Emami Group had announced plans to set up a greenfield cement plant in Chhattisgarh. The project involved setting up a 4.0 million tpa cement plant and a 100 MW captive power plant. The Rs.16,000 million project is to be funded through equity ( (Rs.12,000 million) and term loans from financial institutions. The project was to be implemented in two phases each with a capacity of 2.0 million tpa and will be completed in 3 years. In March 2007, the company has signed an MoU with state government for setting up the project and has requested the state government to allocate a suitable area for limestone mines. The project has not made any progress.

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