Promoted by J P Bhalotia and his associates, with equity participation from the Rajasthan State Industrial Development & Investment Corporation and the Rajasthan State Mineral Development Corporation, Nihon Nirmaan was incorporated on 9 Oct.'84 in Rajasthan as Nirman Cement. Following a financial and technical collaboration agreement with Nihon Cement, Japan, it got its present name in 1987. It manufactures white (rapidly hardening) cement at its plant at Gotan, Rajasthan (inst. cap. : 80,000 tpa), for which it has entered into a marketing agreement with ACC. The company could not operate its kiln from Nov.'93. Due to accumulated losses, its net worth was affected and the company was declared sick. From 5 Mar.'94, all its operations were suspended.