Reliance Cementation (RCPL), the the cement arm of Anil Ambani promoted Anil Dhirubhai Ambani Group has signed a letter of intent (LoI) for equipment for the Satna I unit. RCPL plans to put up a capacity of 5.08 million tonne per annum (mtpa) manufacturing unit at the Satna I unit. The LoI has been issued to European engineering majors Polysius, FL Smidth and Loesche. A part of the site has received environmental clearance where work would start first and they have received terms of reference (ToR) clearance for the final stage. ToR is the first level of clearance from the environmental ministry before it gives the final nod for the project. The European majors stole the show from Chinese equipment players as the price differential is not more than 5 per cent for European companies and also European insurance agencies charge 5 per cent of the debt raised as fees whereas the nodal insurance agency in China charges 7-8 per cent of debt raised.