Birla Corp plans cement plant in Ethiopia
Birla Corporation, a flagship company of the MP Birla Group, is mulling to set up its first overseas cement plant in Ethiopia.
The company has formed a wholly-owned subsidiary, Birla Corp Cement Manufacturing Plc, in the African country and bagged the license for limestone mining. It has also applied for a coal mining permit there. The company has started looking for overseas ventures following the Jodhpur High Court's ban on limestone mining at its Chanderia plant in Rajasthan since August last year. Once the Kolkata-based company gets the coal mining permit, it would conduct a market study to firm up the next step.