Binani Cement

Binani Cement to set up new cement plant in Gujarat

Binani Cement would set up a new cement plant worth Rs 825 crore in Gujarat. The green field cement plant would be designed with annual production capacity of
2.5-million tonne.

The company, recently, signed a memorandum of understanding with the Gujarat Government to set up cement plant at Lodhva village in Sutrapada District of Junagadh. Managing Director, Braj Binani Group, Vinod Juneja and Gujarat's Mines & Geology Commissioner, Raj Gopal signed the MoU.

Binani’s unit to acquire 49% stake in Binani Cement Factory LLC

Binani Cement Ltd, one of leading cement manufacturers, has announced that it’s wholly owned subsidiary Mukundan Holdings Ltd, a BVI Company is proposing to acquire 49% of the paid up capital of Binani Cement Factory LLC, a company registered and operating in Dubai, UAE.

The company made this announcement with reference to the earlier announcements dated January 19, 2008 and March 04, 2008 regarding raising of funds for overseas acquisitions and providing Guarantee for a Wholly Owned Subsidiary.