Rungta Mines to setup 1 million-tonne cement plant in Orissa

Rungta Mines to setup 1 million-tonne cement plant in Orissa Rungta Mines (RML), the flagship company of S R Rungta group, has decided to set up a one-million-tonne cement plant in Orissa with an investment of around Rs 600 crore.

The move would diversify the group's business beyond mining and steel production into cement production.

Presently, the company is in talks with the state government for allocation of limestone reserves to execute the cement project. The proposed plant will be funded through a mix of debt and internal accruals.

It should be noted that Rungta Mines has operations in the mineral rich belt of Bihar & Orissa and is involved in the mining of iron ore & manganese ore.

Apart from latest development, the company is also in the process of setting up two steel plants, each in Orissa and Jharkhand with annual steel producing capacity of 2-million tonne and 0.5-million tonne, respectively.