The Kolkata-based BK Group has planned to set up a 1.5 million tpa greenfield cement plant in Assam, which would be the largest in the state, by current thinking.

A new company Calcom Cement India Ltd has been incorporated to implement the project that is scheduled for commissioning by March 2007. The following are broad project parameters:

Promoter: Calcom Cement India Ltd
Current shareholding pattern: BK Group (90 per cent); Assam Industrial Development Corporation (10 per cent)
Project: 1.5 million tpa cement plant (dry process)
Location: Cachar, Assam
Total Cost: Rs.414 crore
Debt-Equity Ratio: 1.8:1
Debt: Rs.268 crore (already tied up)
Investment Banker: IL&FS
Current status: Machinery orders being placed

The BK Group (Chairman: Binod Kumar Bawri) already has two cement plants in Assam, both in the Cachar region, with a combined capacity of 0.3 million tpa. Two group companies -- Vinay Cements and RCL Cements -- own these plants.