Hyderabad, July 21 : In a significant development, noted CK Birla Group is going to invest about Rs 2000 cr in Telangana State to expand Cement Company at Devapur in Manherial district and also provide direct employment to 4000 people.
Thanks to new industrial policy and ease of doing business in the State. Orient Cement Limited (CK Birla Group) Deepak Khetrapal, Managing Director and Chief Executive Officer today called on IT and Industries Minister KT Rama Rao and came up with Rs 2000 crore investment. He also 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.
Khetrapal explained to Minister Rama Rao 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. The minister 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.” The Minister 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 a release from KTR office said. This plant is likely to give direct employment to 4000 people apart from creating indirect employment. Khetrapal requested the Minister for limestone linkage from TSMDC mines for long-term operation of the plant.
He thanked Minister 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. Principal Secretary, Mr.Jayesh Ranjan, Dr G Malsur, Vice Chairman & Managing Director, TSMDC were also present in the meeting.