Jaskeerat Cements is planning to install a cement unit at Morak in Kota district of Rajasthan.
A spokesperson for Jaskeerat Cements revealed to ProjectsToday (PT) that it intended to set up a cement unit with a capacity of 0.45 million tpa in Rajasthan. For the purpose, the company has already acquired 40 acre.
The project entails an investment of Rs 150 crore. The company is scouting for a machinery supplier for the project.
Jaskeerat Cements will finance 80 per cent of the project cost through bank loan and the remaining 20 per cent will be financed through internal accruals. Currently, the company is in the process of achieving financial closure for the project.
Work on the project is in the planning stage and is expected to commence by June 2015.
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