Binani Cement has signed an agreement worth Rs 4,200 crore with the Gujarat government to set up a 610 MW power plant, a cement factory and a captive jetty. The agreement was signed during the Vibrant Gujarat Summit. In the 2009 edition of the Vibrant Gujarat Summit, the company had inked an agreement to build a cement factory of 2.5 mtpa capacity. During the current summit, the company has signed a deal for another unit of 2.5 mtpa capacity, taking the total capacity to 5 mtpa. The cement plant is planned to be located in Junagadh and would manufacture both ordinary Portland cement and Pozzolona Portland cement in equal ratio. The 610-MW thermal power plant would be built in three phases, starting with an initial capacity of 110 MW with two subsequent expansions of 210 MW each. The company has also signed an agreement with the Gujarat Maritime Board to set up a jetty having 10 mtpa, which is also expected to be completed in three phases.