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Gujarat government sign MoU with Sanghi Industries to invest INR 1,500 crore projects in the state

Infra News - Published on Fri, 21 Dec 2018

Image Source: glassdoor.com
ET reported that Gujarat government recently signed MoUs with Sanghi Industries Limited, GHCL (Gujarat Heavy Chemicals Ltd) and Mahansaria Tyres Private Limited for their projects entailing a cumulative investment of INR 3,710 crore. The cement maker Sanghi Industries is going to increase the cement production capacity of its plant in Kutch from existing 4 million tonnes to 8.6 million tonnes per annum. “The company will invest INR 1,500 crore for plant expansion,” the state government said in a statement. GHCL Ltd will invest Rs 550 crore for setting up salt and marine chemicals plant in Kutch. The project will be operational by 2021.

GHCL also signed an agreement for expanding its soda ash manufacturing facility at Sutrapada in Gir Somnath district. The brownfield expansion project cost is around Rs 600 crore.

However, Mahansaria Tyres will invest INR 1,060 crore for a tyres tube and other rubber products project at Panoli in Bharuch district. The government added “All these projects-new and expansion-will create employment for total 5,000 people.”

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Posted By : Nanda Koijam on Fri, 21 Dec 2018
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