Electrosteel plans cement unit

Kolkata: The Kolkata-based ElectroSteel Casting Limited (ESCL) will set up a cement plant in Kawardha district of Chhattisgarh with an investment of more than Rs 1100 crore.

The company today entered into a pact with the Chhattisgarh government to execute the proposal of venturing into the cement production in the state.

The company will set up a 3 mtpa cement plant with an investment of Rs 1150 crore in Kawardha district—about 100 km from the state capital.

The additional chief secretary (industries) P Joy Oommen signed the Memorandum of Understanding (MoU) on behalf of the state government while Executive Director of the ESCL H K Modi represented the company.

The pact was sealed in presence of Chief Minister Dr Raman Singh.

This would be the first cement plant in Kawardha. Dr Singh welcomed the proposal and said that it would generate job opportunities for thousands of people.