Grasim Industries secures Rs 1200cr cement project in Orissa

New Delhi, Nov 10 (UNI) Grasim Industries Ltd, a flagship company of Aditya Birla Group and Government of Orissa today entered into a Memorandum of Understanding (MoU) to set up a 3.50 million tonnes per annum integrated cement plant in the Sundergarh district with an investment of Rs 1200 crore.

The project will include a 50 MW captive thermal power plant with a split grinding unit and is expected to be the largest cement project in Orissa and would be commissioned in three years.

The state government has agreed to assist in acquisition of the necessary limestone mines and land for the plant as well as for a rail link, apart from adequate sources of fly ash, slag and coal, a company statement said .

The agreement was signed by Department of Industry Commissioner-Cum-Secretary I Srinivas and Aditya Birla Group Group Executive President S K Maheswari.

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