Nepalese government reportedly approves establishment of new cement plant
According to local press, the Nepal Investment Board, which is led by Prime Minister Sushil Koirala, has approved the Reliance Group’s proposal to build a cement plant in the country. The Indian cement producer plans to invest US$400 million in the new plant, which will be located in the south of the country. As per the reports, the Reliance Group is due to conduct a study into the establishment of the plant in the central or eastern Terai region of Nepal’s southern plains.
The Board has also approved a hydropower project by India’s Satluj Jal Vidyut Nigam Limited.
Edited from various sources by Louise Fordham
Sources:
Read the article online at: https://www.worldcement.com/asia-pacific-rim/24112014/nepal-reportedly-grants-approval-for-reliance-group-cement-plant-896/
You might also like
The World Cement Podcast - What's next for US Cement?
In this episode of the World Cement Podcast, we are joined by Mike Ireland, President and CEO of the ACA or American Cement Association. Listen in as Mike and David dive into a range of topics, including the ACA’s recent rebranding efforts, decarbonisation, policy and legislation, and the impact of AI on cement demand.
Tune in to the World Cement Podcast on your favourite podcast app today.