OCL India signs MoU with Government of Orissa

OCL India Ltd has announced that the Company has signed a Memorandum of Understanding (MoU) with Government of Orissa on November 10, 2006 for the purpose of setting up the following projects:

1. Standalone Cement Grinding unit - 0.9 MTPA (million tonnes per annum) at Jagatpur, Cuttack (Orissa).

2. 60 MW Captive Power Plant at Jagatpur, Cuttack (Orissa).

3. Expansion of Clinkerisation capacity from 1.1 MTPA to 2.5 MTPA at Rajgangpur Cement Works, Rajgangpur, Dist-Sundergarh, Orissa.

Source : Equity Bulls

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