Orient Cement to expand in Mancherial
Orient Cement belonging to the CK Birla Group will make an investment of about Rs 2,000 crore for expansion at Mancherial. Under this, Telangana State will offer limestone mines through its Telangana State Mining Development Corporation for the company’s expansion.
The company signed a memorandum of understanding in presence of the Industries Minister.
Speaking on the occasion, Industries Minister KT Rama Rao said the company would double its capacity in Telangana from 1.5 million tonne now and the expansion will create a few thousands of new jobs in Devapur village. “This is being done in a remote district Mancherial and this will create more jobs. It will be a Rs 2,000 crore plus project. They have adequate lands. What we are giving is only additional mines through TSMDC. The current capacity is 1.3 million tonne and this will be doubled,” he said.
Orient Cement will be mining through the TSMDC as it is a forest and the company cannot mine it directly. “We have given the lands to the TSMDC. TSMDC in turn will give the lands on lease to the Birla Group,” the Minister said.
“Our industrial policy works on three levels. We want to bring in new investments, ensure expand the existing businesses and we are also focused on reviving sick or incipiently sick industries. As part of this strategy, new investments are coming in. We are delighted that TS-iPass helping in that. We are also delighted to say that our industrial policy is helping the existing industries expand,” he said.