The Maharashtra Government has reportedly signed three MoUs worth Rs 6,372 crore on 17 July 2009.

The investment deals were singed with Adhunik Corporation, Reliance Cementation and Deegee Cotsyn. All these three projects are likely to be coming up in Vidarbha region of Maharashtra.

Adhunik Corporation is planning to set up an integrated cement and steel manufacturing plant in the Chandrapur district at an investment of Rs 4,000 crore. The newly planned plant will produce four million tpa of cement and 1.1 million tpa of steel. The plant will be powered with a 125 MW captive power plant.

Reliance Cementation, an Anil Dhirubhai Ambani Group company, intends to set up two cement plants in Yavatmal district and at Butibori near Nagpur an estimated cost of Rs 2,250 crore. The five million tpa Yavatmal facility will have a 3.3 million tpa clinker facility along with a 50 MW captive power station. At Butibori, the company will establish a plant producing two million tpa of cement.

Vidarbha based Deegee Cotsyn, a Narendra Group company, is proposed to set up a composite ginning, pressing, spinning, and weaving unit at Rs 122.57 crore at Badnera in Amravati district. The unit is likely to have a capacity to produce 31,200 spindles per annum for making compact yarn along with 3 MW captive power plant.