Rashtriya Ispat Nigam (RINL) plans to set up 6 mtpa cement plant through joint venture with a cost of Rs 3,000 cr.
The state-run steelmaker joint venture Rashtriya Ispat Nigam Ltd. (RINL) has drawn up a plan to set up a
greenfield cement manufacturing plant with a capacity of six milion tonne a
year (mtpa) in Vizag.
The unit will be built through a joint venture route at an
estimated investment of Rs 3,000 crore.
RINL is in the process of floating a global tender inviting
expression of interests (EoIs) from companies having expertise and experience.
The plan to venture into the cement business is aimed at
proper utilisation of by-products such as fly ash and slag from its 2.9 mtpa
Almost all the 1.2 mtpa slag produced in the plant is now
sold to the local cement manufactures; while fly ash is mostly used for
The company is also enhancing the capacity of the plant to
6.3 mtpa, which is likely to be completed next year.
RINL has been toying with the idea of setting up a cement
plant for quite sometime now.
The company had once floated a tender for the same, but it
did not receive positive response.
The setting up of the plant would also help the company to
enhance its top-line and bottom-line and proper utilisation of the by-products.