Kerneos India Aluminate (KIAPL) is yet to receive MoEF clearance for its calcium aluminate cement production unit at Atchuyutapuram in Visakhapatnam district of Andhra Pradesh.
KIAPL plans to invest Rs 100 crore in the unit which will have a capacity of 30,000 tpa. The facility is likely to be a 100 per cent import-substitute. Land acquisition for the unit is complete. It has acquired 20 acre from the Andhra Pradesh Industrial Infrastructure Corporation. The facility is to be developed in phased manner and the Phase I will be ready in 2014.