Hyderabad: The Orient Cement is planning to invest Rs. 2,000 crore in Telangana State.
Deepak Khetrapal, Managing Director and Chief Executive Officer of Orient Cement Limited (CK Birla Group) met IT and Industries Minister KT Rama Rao and appreciated the initiatives taken up by the Government of Telangana for making investor-friendly policies and discussed about the expansion plans of Orient Cement Ltd running at Devapur (Mancherial) by CK Birla Group.
He explained the Minister that Orient Cement Ltd is planning to invest Rs.2000 Crores to expand the capacity of Orient Cement factory from current 3.05 million tonnes to 7.5 million tonnes of cement per annum.
Minister KTR said, “Through Ease of Doing Business (EoDB), the Telangana State has succeeded in attracting new investments to the state and is helping the existing firms in expanding their business in the state.” He also assured that the government will provide complete assistance to Orient Cement Limited.
In this regard, Orient Cements Ltd obtained first stage of Environment Clearance from Ministry of Environment, Forest and Climate Change (MoEF), Government of India for expanding existing cement plant. The final clearance of MoEF is awaited.
This plant is likely to give direct employment to 4000 people apart from creating indirect employment.
Khetrapal requested Minister Rama Rao for limestone linkage from TSMDC mines for long-term operation of the plant.
He thanked Minister Rama Rao for taking initiative from the state government in getting the first stage of Environmental Clearance. The construction of the plant is expected to start within four months once the final clearance from MoEF is received.
Industries Dept Principal Secretary Jayesh Ranjan and TSMDC Vice-Chairman & Managing Director Dr. G. Malsur were also present in the meeting. (INN)