Durgapur News Desk, 05 April 2017: At last there seems to be some success to the continuous effort by the Chief Minister Mamata Banerjee and commerce and industry minister Amit Mitra’s continuous effort of bringing in investment from both within and outside the country, for quite sometimes now.
Just within 13 months of its foundation stone laying ceremony, Emami Cements Limited has started production at its Greenfield cement grinding unit at Panagarh Industrial Park, adjacent Durgapur.
The unit has been set up on 65 acres of land, provided by West Bengal Industrial Development Corporation at Panagarh. Apart from a grinding unit, it also has a 10 MW coal-fired power plant. The project is expected to generate 500 jobs.
The total investment cost is 500 crore INR. The 50,000 crore INR diversified Emami Group has set up an annual 2 million ton cement grinding unit at Panagarh facility and the commercial production started about a week ago.
The Panagarh cement grinding unit near Durgapur will produce all three cement varieties – Ordinary Portland cement, Portland Pozzolana cement and Portland Slag Cement, under the brad ‘Emami Double Bull’.
West Bengal doesn’t have limestone deposits, an important ingredient in cement making. The company has been bringing the clinker from outside the state.
There are already some large cement factories in the state – Lafarge Cement at Mejia in Bankura, Associated Cement Corporation in Raghunathpur, Purulia, Ultratech in Durgapur, Ambuja cement in Howrah, Burnpur cement in Asansol and quite a few others.
The Shree Cement Company is also setting up a five million ton per annum cement grinding unit and 20 MW captive power plant at Neturia Block in Raghunathpur, Purulia. The land purchase is going on in full swing at present.
According to Manish Goenka, one of the director of the Emami Group, eastern India would be the “biggest scope” for its cement business in terms of sales growth on account of huge infrastructure spending in the region and low base effect.