Cement Update

Gujarat wants 3 per cent of new cement plants' output for CSR activities

February 2011

In a move to pass on the benefits of growing investments to social sector in Gujarat, the state government desires the upcoming cement plants to spare 3 per cent of net cement production for social causes. The state government’s move assumes importance in the wake of nearly Rs 60,000 crore investments committed in the sector during the two-day Vibrant Gujarat Global Investors’ Summit. ACC Cement, Adani Group, Anil Ambani-led Reliance Group, Indiabulls and Calcom Cement have inked agreements with the state government for setting up plants in Gujarat during the summit. These projects would be implemented in a JV with state-run mining major Gujarat Mineral Development Corporation.

Contact: Gujarat Mineral Development Corporation. Tel: 079-2791 3501, 2791 3200. Fax : 079-2791 3038. E-mail : contact@gmdcltd.com Website: www.gmdcltd.com