Orient Paper plans cement plant in Karnataka
Date: 16-07-2010Orient Paper & Industries (OPIL) is likely to set up a cement plant in Karnataka with annual capacity of 4 million tonne (mt) as it aims to double capacity to 10 mt in five years. The company has acquired land and has sought for environmental clearances for the Rs 1,500-crore project.
Cement accounts for 65% of sales and 80% of profit of the diversified company. It produces 5 mt cement in Andhra Pradesh and
Cement players have been aggressively scaling up capacity on expectation of higher demand from infrastructure activities such as highways, airports, ports and housing, raising concern that the supply may exceed the country’s demand after a couple of years.crackcrack