Economy & Market
State-owned cement units may be revived
The government plans to revive state-run cement factories across the country, a move that could substantially bring down road and housing construction costs besides giving a push to the stressed infrastructure sector. Road Transport and Highways Minister Nitin Gadkari said the aim is to bring down the cost of cement to make the projects financially more viable.
We are working on a plan to revive state-run shut cement factories,´ he said, adding that his Ministry has sought details from the Heavy Industries Ministry on loss-making or shut cement plants.
Gadkari has already held meetings with Heavy Industries Minister Anant Geete and officials of Cement Corporation of India to work out a detailed plan. State-owned Cement Corporation of India, which comes under the Heavy Industries Ministry, has six non-operating cement plants.
The company achieved cement production of over 9 lakh tonne in 2014-15 and its overall capacity utilisation stood at 66 per cent, the highest in the last five years. ´We have the mines contract, so we are capable of hiking production given that due government support is given to upgrade the operational efficiency,´ said an executive with the firm.