Birla Corp to set up greenfield unit at Umrangsu

Birla Corporation is planning to set up a greenfield cement plant in North Cachar Hills Assam. The project involves setting up a 1.0 million tpa cement plant at Umrangsu. The project is estimated to cost Rs.5000 million. The company had signed the MoU in January 2011 to set up the project with Assam Mineral Development Corp. The new company will have an equity base of Rs 1500 million of which Birla Corporation would provide 87.5 per cent; the balance 12.5 per cent would come from the AMDC. The project cost is estimated at Rs. 4500 million.

In April 2014, the company has received shareholders agreement to pursue the project. The company will initiate now to complete feasibility studies, environmental clearance etc.,