Binani Cement said that it has signed an agreement worth INR 4,200 crore with the Gujarat government to set up a 610 MW power plant, a cement factory and a captive jetty.

As per report the agreement was recently signed between the Gujarat government and Binani Cement during the Vibrant Gujarat Summit.

In the 2009 edition of the Vibrant Gujarat Summit, the company had inked an agreement to build a cement factory of 2.5 million tonne per annum capacity. During the current summit, Binani signed a deal for another unit of 2.5 million tonne per annum capacity, taking the total capacity to 5 million tonne per annum.

The statement said that the cement plant would be located in Junagadh and would manufacture both ordinary Portland cement and Pozzolona Portland cement in equal ratio.

The 610 MW thermal power plant would be built in three phases, starting with an initial capacity of 110 MW with two subsequent expansion of 210 MW each.

Also inked was an agreement with the Gujarat Maritime Board to set up a jetty having 10 million tonne per annum capacity, which also would be completed in three phases.

(Sourced from IANS)