Binani Cement to invest Rs4200 Crore in Gujarat
Binani Cement Ltd has signed a memorandum of understanding (MOU) with Gujarat State Government to set up a Greenfield Cement Plant, a 610 MW Thermal Power Plant and a jetty to handle cargos. The Memorandum of Understanding (MoU) was recently signed between the Gujarat Government and Binani Cement Officials during the Vibrant Gujarat Summit. The Company is investing a total of Rs 4,200 crore for these projects.
The MoU was signed with the Department of Mines and Geology to set up an additional Greenfield Cement Plant with a capacity of 2.5 mtpa in Phase II. MOU for Phase I capacity of 2.5 mtpa was signed in Vibrant Gujrat 2009. With this additional plant, the total Greenfield Cement Plant capacity proposed will be 5 mtpa. Further, the Company has signed a MoU with the Department of Energy and Petrochemicals, Gujarat State to set up a thermal power plant of 610 MW of power generation to be completed in three phases; viz. Phase I of 110 MW, Phase II of 210 MW and Phase III of 21O MW.
Another MoU was signed with the Gujarat Maritime Board for setting up a captive jetty capable of handling cargos of 10 million TPA. The jetty will be set up in three phases; viz. Phase I of 1 mtpa, Phase II of 2.5 mtpa and Phase III of 6.5 mtpa.
The Greenfield Cement Plant is proposed to be located at Lodhva village in Sutrapada District of Junagadh spread across 188 hectares. The plant will manufacture ordinary Portland cement (OPC), Pozzolona Portland cement (PPC) in various grades and the production of OPC to PPC will be ordinarily 50:50. The plant will be further setting up additional grinding facilities in Gujarat, & Export to U.A.E and forthcoming grinding unit in Mauritius for East African Markets.
These new projects will help Binani Cement expand its operations in Gujarat and surrounding states. The Cement plant is located near the rich limestone deposits and will ensure a steady supply of raw material to the Cement Plant. Further, the association of Binani Cement with the Gujarat Government will help develop the region in terms of employment generation and overall standard of living of the people.