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e Edition August'10

Reliance Infra to Foray into Cement Business

In the 80th annual general meeting held in Mumbai, Reliance Infra chairman Anil Ambani announced that the company is all set to invest INR 10,000cr for setting up cement plants all over the country with a cumulative production capacity of 20 MTPA. This, when achieved, will make Reliance one of the top 5 cement player in the country.

As a first step, last week, Reliance Cementation signed an MoU with Maharashtra government to set up a 5 million ton integrated cement plant in Yavatmal with a grinding unit at Batibori in Nagpur district at an investment of INR 2,250cr. Anil Ambani said that the company’s foray into cement business is a natural extension of the power and infrastructure interest of their group.

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