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Surya Global Cement Ltd to set up a cement plant at Gujarat

Surya Roshini, a Gujarat based company and a lighting and steel pipe solutions provider is diversifying into cement production. It is setting up a 20 lakh tpa cement plant with an investment of Rs. 11000 million and it is likely to go operational by 2012. According to sources, proximity to ports, availability of raw materials and fast track clearances made the company to foray into this sector. The company has formed a subsidiary Surya Global Cement Ltd to implement the project.

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Surya Group is planning to set up a Greenfield cement plant in Kutch district of Gujarat. The proposed plant will have an installed capacity of 5.0 million tpa. As of May 2010, the project report preparation is underway. The project is estimated to cost Rs.40,000 million. The company plans to ink an MoU with state government of Gujarat during the Vibrant Gujarat Investor Summit-2011. The project is expected to be completed in end 2012.

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