Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (Regulations), please be informed that the Board of Directors in its meeting held today, i.e., Friday, May 18, 2018, has decided to set up a new cement plant in Odisha along with waste heat recovery system and split cement manufacturing units in the eastern part of India with cement manufacturing capacity of 8 Mn TPA with a total investment of Rs. 3,720 Crore. The project is estimated to be completed within 24 months post all statutory and regulatory clearances and it will be financed through judicious mix of debt and equity.
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