December 02, 2008

Prakash Industries to establish cement plant in Chattisgarh

Prakash Industries Ltd has informed BSE that it has entered into MoU with the Government of Chhattisgarh on July 1st 2008 to establish and operate 2 million tonnes per annum cement plant & 1 million tonnes per annum clinker plant in the state of Chhattisgarh with an investment of approximately INR 485 crores.

According to the announcement, the state government will assist the company in allotment of a captive coal block & captive lime stone mine for the projects and facilitate and provide all incentives available to industrial projects in the state as per the applicable industrial policy of the state government of the incentives that are offered to similar projects or as may be announced in this regard from time to time.