Burnpur Cement has achieved the financial closure of term loan of Rs 125.00 for Patratu project at its consortium meeting held on August 21, 2012. In the consortium meeting, the State Bank of India was elected as lead banker while the other members in the consortium are State Bank of Hyderabad, United Bank of India and Central bank of India.
Besides, the company has already started mining activities at Patratu project. The first phase of construction will be completed by the end of this financial year, 2012-13.
Burnpur Cement is engaged in manufacturing of cement. The company had started its business activity by manufacturing Portland Slag Cement (PSC) at plant located at Asansol.
