ACC setting up 3-million tonne mega cement project at Chandrapur
31 May 2010
The Associated Cement Companies Ltd (ACC) is setting up a mega cement project with an annual capacity of 3 million tonnes, at Chandrapur in Maharashtra, at an estimated investment of Rs1,500 crore.
The company has already signed a memorandum of understanding with the government of Maharashtra for the project and hopes to receive backward area benefits by setting up the cement unit in Chandrapur, a declared backward area of the state.
The project is expected to be completed in the third quarter of 2010.
"The project is expected to contribute significantly in servicing the growing market and strengthen our presence in the region," Ramit Budhraja, chief executive (south west), ACC Ltd, said.
ACC, already the country's top cement maker, is further ramping up its cement production capacity.
ACC reported production and despatches of 1.79 million tonnes of cement in April 2010 against production and despatches of 1.84 million tonnes in April 2009.