Burnpur Cement to set up plant in Jharkhand
With an investment of about Rs 200 crore, Burnpur Cement has decided to set up an 800 tonne per day (tpd) integrated cement plant at Patratu in Jharkhand.
The company had earlier entered into a memorandum of understanding (MoU) with the Jharkhand goverrnmet for the project, the company said in a statement. It has also been allotted limestone mines at Benti Bagda near proposed plant by the State government.
The company has recently done its financial closure of term loan for the Patratu project with a consortium of banks led by State Bank of India (SBI) and comprising State Bank of Hyderabad, United Bank of India and Central bank of India. According to
Ashok Gutgutia, Managing Director of Burnpur Cement
, the first phase of construction of the plant is likely to be completed by the end of this financial year.
The company expects the Patratu plant to be operation by April, 2013. Burnpur Cement, which markets its product under the brand name of Burnpur Cement, has a production capacity of 1,000 tpd with its existing unit at Asansol, West Bengal.