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Owing to the large presence of limestone, Gulbarga is looking forward to a boost in the cement sector. With an upcoming investment of Rs 39,820.73 crore, 16 companies are expected to set up 32 units. The cement demand is expected to reach 20 million tonne in 2015-16 in Karnataka.
Regional Airport-Holdings International (RAHI) will invest around Rs 3,000 crore in over 15 aviation infrastructure and services projects across the country over the next five years.
UltraTech Cement plans to invest Rs 11,000 crore over the next three years to increase its production capacity.
NMDC, is set to sign a MoU with Severstal for a plant in Karnataka. The plant size is of 2 mn tonne, but is likely to be scaled up to 5 mn tonne.
Karnataka Industries Area Development Board (KIADB) has acquired 4865.64 acre for ArcelorMittal in Kuduthini and Hargindoni villages of Bellary district.
The Karnataka cabinet approved the acquisition of 24 acre by Rajashree Cement for its expansion in Gulbarga district. The company, in its application to the government, had requested additional land for expansion of its cement manufacturing unit from 4.20 mtpa to 8.45 mtpa
Demand for cement fell by 0.68 per cent during the April-June quarter compared with the corresponding period last fiscal as political crisis in large consumer states held up infrastructure and realty projects.
The ban on sand dredging has had a significant impact on building activity and forced the construction industry to hunt for viable alternatives, discovers Shriyal Setmadhavan
VicatSagar Cement, a joint venture between France’s Vicat and Andhra Pradesh Sagar Cements, plans set up a Rs 1,600 crore cement plant in Karnataka.
ACC Kudithini cement plant was recently inaugurated by Ministry for Tourism and Infrastructure Development of Karnataka.