Birla Corporation, a M P Birla Group flagship company, has signed a memorandum of understanding (mou) with the Assam Mineral Development Corporation (AMDC), to set up a 1-mt greenfield cement plant in Assam. The joint venture project is proposed to be set up at Umrangsu, in the North Cachar Hills district, at a cost of Rs 450 crore. The company was selected for the project through open bidding from among 23 companies. Birla Corporation will have 87.5 per cent equity in the new joint venture company and the balance 12.5 per cent will be allotted free of cost to the AMDC. The project will enjoy statutory incentives for setting up industry in the backward region in the North-East.
At present, Birla Corporation has cement manufacturing plants at Durgapur (West Bengal), Rae Bareli (Uttar Pradesh), Satna (Madhya Pradesh) and Chanderia (Rajasthan) with a total production capacity of over seven million tonnes.