Murli Ind to set up cement plants in Rajasthan, K'taka

Diversified business group Murli Industries today said it plans to set up cement plants in Rajasthan and Karnataka.

The capacity of the plants are likely to be around three Million Tonnes Per Annum (MTPA) along with 50 MW captive power plants at each location, a press release issued here said.

The plant in Rajasthan will cater to the markets of Rajasthan and NCR while the Karnataka plant will concentrate on Karnataka, Goa and adjacent parts of Maharashtra, the release said.

The initial investment would be around Rs 2,300 crore for both the projects, it said.

"We see a huge potential with the infrastructure and housing boom fueling cement demand. The added capacity will help us cater to the growing demands of our present and potential customers," Murli Industries' Managing Director N L Maloo said.