Cement maker line up Rs. 6,100-cr investment

    Cement Maker Investment
    Score of cement manufacturers are currently eyeing the eastern zone by setting up plants in Bihar and Chhattisgarh with an investment of Rs. 2,000cr. They are also in talks with the Jharkhand government to take up the Rs. 600-cr project, subject to the availability of limestone and other raw materials. Recently, Shree earmarked Rs. 700-cr to step up capacity in its Raipur plant from 2.6 mtpa to 5.4 mtpa and the enhanced capacity will help the company increase its market share by streamlining of cement availability in the cement markets in Bihar, Chhattisgarh and West Bengal. India is treading on a growth path and there is immense potential in the eastern region especially in roads, construction, and real-estate. Consumer goods major Emami, which has been a late entrant in the space through its group company Emami Cement, has ambitious plans to evolve into a pan-India player, but it is first setting up capacity in the east and central parts of India. It has set up a four mtpa integrated cement project consisting of clinkerisation plant and cement grinding plant at a cost of Rs. 3,000-cr at Risda in Chhattisgarh and is also setting up a Rs. 500-cr cement grinding unit in Panagarh in West Bengal, which will have a two mtpa capacity. Raw material for the Bengal unit plant will be sourced from the company's captive limestone mines in Chhattisgarh.
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