Maharashtra cement plant planned

Murli Agro Products Ltd of the Maloo Group has planned investments of Rs900 crore in the Vidarbha region of Maharashtra, India in the next three years. The investments would go towards setting up a 2Mta greenfield cement plant along with a 30mW captive power plant in Chandrapur district. The company has recently signed a memorandum of understanding for the project with the Government of Maharashtra. The first phase of the project is slated for completion by Feb 2008.