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Binani Cement Signs MOU with Gujarat Government to invest Rs.4200 Crore

Mumbai, 13th January, 2011: Binani Cement Limited, one of the leading cement manufacturing companies in India, has signed a memorandum of understanding (MOU) with Gujarat State Government to set up a Greenfield Cement Plant, a 610 MW Thermal Power Plant and a jetty to handle cargos. The Memorandum of Understanding (MoU) was recently signed between the Gujarat Government and Binani Cement Officials during the Vibrant Gujarat Summit. The Company is investing a total of Rs 4,200 crore for these projects.

The MoU was signed with the Department of Mines and Geology to set up an additional Greenfield Cement Plant with a capacity of 2.5 mtpa in Phase II. MOU for Phase I capacity of 2.5 mtpa was signed in Vibrant Gujrat 2009. With this additional plant, the total Greenfield Cement Plant capacity proposed will be 5 mtpa.  Further, the Company has signed a MoU with the Department of Energy and Petrochemicals, Gujarat State to set up a thermal power plant of 610 MW of power generation to be completed in three phases; viz. Phase I of 110 MW, Phase II of 210 MW and Phase III of 21O MW.

Another MoU was signed with the Gujarat Maritime Board for setting up a captive jetty capable of handling cargos of 10 million TPA. The jetty will be set up in three phases; viz. Phase I of 1 mtpa, Phase II of 2.5 mtpa and Phase III of 6.5 mtpa.

The Greenfield Cement  Plant is proposed to be located at Lodhva village in Sutrapada District of Junagadh spread across 188 hectares. The plant will manufacture ordinary Portland cement (OPC), Pozzolona Portland cement (PPC) in various grades and the production of OPC to PPC will be ordinarily 50:50. The plant will be further setting up additional grinding facilities in Gujarat, & Export to U.A.E and forthcoming grinding unit in Mauritius for East African Markets.

These new projects will help Binani Cement expand its operations in Gujarat and surrounding states. The Cement plant is located near the rich limestone deposits and will ensure a steady supply of raw material to the Cement Plant. Further, the association of Binani Cement with the Gujarat Government will help develop the region in terms of employment generation and overall standard of living of the people.

Binani Cement Limited:

The flagship subsidiary of BIL, the Braj Binani Group is Binani Cement Ltd with global gross fixed assets value of US $ 597 million (Indian Rs 28077 million) as on 31st March’10 and gross income of US $ 534 million (Indian Rs. 25087 million) for the year ended 31st March ‘10 and cement manufacturing capacity of 8.75 mtpa, with subsidiaries in Dubai and China The company’s product portfolio includes Ordinary Portland Cement, Pozzolona Portland Cement and Ground Granulated Blast furnace Slag (GGBFS in Dubai). The products are marketed under the premium “Binani Cement” brand name and enjoy significant market share in Rajasthan and other regions in northern and western India, sharing top-notch status with many of the nation’s leading cement brands. The company is certified as ISO 9001, ISO 14001 and OHSAS 18001 compliant within a short span of commencement, an achievement that clearly illustrates the management’s commitment to quality, efficiency, and the environment.

For further information, please contact:
Bina Verma
Managing Director
Media Magix
Division of Asian Industry & Information Services Pvt. Ltd.
Braj Binani Group
Feltham House, 1st floor, 10 J.N. Heredia Marg, Ballard Estate, Mumbai 400001
Tel: (022) 2266 0623 / 2266 4710

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