Jaiprakash Associates enters pact with Dighi Port

Jaiprakash Associates has entered into an agreement with Dighi Port for setting up a port-based, 3- million-tonne per annum cement grinding plant, a coal-based captive power plant and a water desalination plant at Dighi Port at an investment of around Rs 600 crore. The company, however, did not give the break-up of stakes for the proposed venture.

The plant, to be commissioned in three years, would be developed on 40 acres of land, which would be provided by Dighi Port on lease for 40 years. Dighi Port would provide its port facilities for the incoming and outgoing bulk cargo for the plant.

Apart from catering to Maharashtra and Gujarat markets, cement from the plant would also be docked in export markets. Jaiprakash Associates has already commissioned an integrated cement plant in Kutch district and a fly ash-based cement grinding unit. The proposed unit would take its cement manufacturing capacity to over five mt per annum in Gujarat.