Orient Cement terminates MoU with Adani Power to set up unit in Maharashtra

Orient Cement entered into a MoU on September 24, 2021 with Adani Power Maharashtra Ltd (APML)

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BS Reporter Mumbai
Orient Cement terminated its Memorandum of Understanding (MoU) with Adani Power on Wednesday to set up a cement grinding unit in Maharashtra.

In a statement, Orient Cement said it had entered into a MoU on September 24, 2021 with Adani Power Maharashtra Ltd (APML) to explore the possibility of establishing a Cement Grinding Unit (CGU) at Tiroda in Maharashtra.

"In this regard, we inform that APML has requested the company to not to pursue this venture further as they are not able to obtain the required MIDC clearances for sub-leasing the parcel of land required for the CGU, due to

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First Published: Feb 22 2023 | 11:14 PM IST

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