A Memorandum of Understanding (MoU) was signed between Rajasthan State Industrial Development & Investment Corporation (Riico) and Ultratech Cement Limited (Birla Group) for setting up a Rs 2,000-crore cement project in Jhunjhunu district.

With an annual installed capacity of three million tones, the project will provide direct and indirect employment to a number of persons. It will be established on around 1,006 hectares of land.