It has been reported that Orient Paper and Industries (OPIL) is planning to invest Rs 1500 crore in the construction of a 4 million t cement plant in Karnataka, India. This falls under the company's five year plan to double capacity to 10 million t. OPIL has already acquired land and is in the process of obtaining the necessary environmental approval.
Orient currently produces 5 million t in Andhra Pradesh and Maharashtra. Cement sales represent 80% of the company’s profit.
Read the article online at: https://www.worldcement.com/asia-pacific-rim/16072010/orient_paper_and_industries_plans_new_cement_plant/