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Orient Cement plans to invest Rs 2,000 cr for expansion in Telangana
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SME Times News Bureau | 23 Jul, 2018
Orient Cement Ltd, a part of C.K. Birla Group, plans to invest Rs 2,000
crore to expand the capacity of its plant in Telangana, the state
government said on Saturday.
The company will expand the capacity
of its factory at Devapur in Mancherial district from current 3.05
million tonnes to 7.5 million tonnes of cement per annum.
Deepak
Khetrapal, Managing Director and Chief Executive Officer of Orient
Cement Ltd, on Saturday met Industries Minister K.T. Rama Rao and
discussed the expansion plans.
Orient Cements Ltd has obtained
first stage of Environment Clearance from the Union Environment, Forest
and Climate Change Ministry for expanding the plant.
The
construction of the plant is expected to start within four months once
the final clearance from the ministry is received, said a statement from
the minister's office.
This plant is likely to give direct
employment to 4,000 people. Khetrapal requested Rama Rao for limestone
linkage from Telangana State Mineral Development Corporation (TSMDC)
mines for long-term operation of the plant.
The minister said that the state government's industrial policy continues to attract investments.
"Through
Ease of Doing Business (EoDB), Telangana state has succeeded in
attracting new investments to the state and is helping the existing
firms in expanding their business in the state," he said.
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