Untitled Document
Excon, Excon 2011 Biggest Construction Equipment Trade fair India.
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www.epcworld.in
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Cement |
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| 8/18/2009 2:11:00 PM |
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Mumbai, August (EPC News): Iron ore mining firm Rungta Mines (RML), the flagship
company of SR Rungta group, plans to set up a one million tonne cement plant in
Orissa with an investment of around Rs 600 crore. |
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"Cement project is currently in the evaluation stage and if finalized, will be established in Orissa," said Siddharth Rungta, President, Rungta Mines. He also added that in the short term the company would continue to focus on mining and steel business.
This move, proposed to be funded through a mix of debt and internal accruals, would diversify the business of the group beyond mining and steel production.
RML is in talks with the state government for allocation of limestone reserves to execute the cement project.
The company is also in the process of setting up two steel plants, one each in Orissa and Jharkhand with annual steel producing capacity of 2 million tonne and 0.5 million tonne, respectively. |
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